Welcome to our dedicated page for Ideal Pwr news (Ticker: IPWR), a resource for investors and traders seeking the latest updates and insights on Ideal Pwr stock.
Ideal Power Inc. develops and commercializes its patented B-TRAN® bidirectional semiconductor power switch for power-control applications. Company news centers on commercialization of B-TRAN-enabled solutions for solid-state circuit protection, data centers, renewable energy, energy storage, grid infrastructure, electric vehicles and charging infrastructure.
Recurring updates include quarterly financial results and conference calls, customer design-ins, custom development programs, strategic-partner production planning and capital actions involving common stock or pre-funded warrants. Coverage also reflects the company's transition from technology development toward application-specific power-switch deployments.
Ideal Power (Nasdaq: IPWR) announced its participation in the H.C. Wainwright Global Investment Conference on May 24, 2022. Dan Brdar, President and CEO, along with CFO Tim Burns, will present a virtual session starting at 7:00 a.m. ET. They will also engage with investors from May 24th to 26th. The company's Bidirectional, Bipolar Junction Transistor (B-TRAN™) technology offers enhanced energy control solutions for various applications, aiming to improve efficiency and reduce costs in power switching. A replay of the session and the latest investor presentation will be available on their website.
Ideal Power Inc. (IPWR) reported first-quarter 2022 results, showcasing progress in commercializing its B-TRAN™ technology. Key highlights include partnerships with notable companies in the electric vehicle sector and successful completion of SBIR Phase I commitments with the DOE for a 13.8 kV AC solid-state circuit breaker. While grant revenue decreased to $125,008 from $242,061 year-over-year, operating expenses rose to $1.9 million. The net loss expanded to $1.9 million, and cash reserves stood at $21.7 million with no long-term debt.
Ideal Power Inc. (Nasdaq: IPWR) announced its participation in two investor conferences in May 2022. Dan Brdar, President and CEO, and Tim Burns, CFO, will present at the Oppenheimer 7th Annual Emerging Growth Conference on May 10 and the Sidoti & Company Virtual Micro Cap Conference on May 11 at 3:15 p.m. ET. A webcast will be available for the Sidoti conference, with one-on-one meetings on May 11 and 12. Ideal Power focuses on developing the patented B-TRAN™ semiconductor technology, enhancing energy efficiency for various applications.
Ideal Power Inc. (Nasdaq: IPWR) announced a conference call on May 16, 2022, at 4:30 p.m. Eastern Time, to discuss first-quarter results for the period ending March 31, 2022. CEO Dan Brdar and CFO Tim Burns will lead the call, which includes a Q&A session. Participants can join via a toll-free number or an international dial-in. A press release with detailed financial results will be issued before the call. The conference will be available for replay afterward, ensuring accessibility for stakeholders.
Ideal Power Inc. (Nasdaq: IPWR) reported its Q4 and full-year results for 2021, highlighting progress in the commercialization of its B-TRAN™ bidirectional semiconductor power switch. The company added participants to its test program, including leading manufacturers in electric vehicles and renewable energy sectors. While grant revenue increased year-over-year, operating expenses also rose, leading to a net loss of $1.4 million for Q4 2021. The cash balance stood at $23.2 million at year-end, with no long-term debt. Ideal Power aims to introduce its first commercial product in 2022.
Ideal Power (NASDAQ: IPWR) announced the addition of two new independent board members, Drue Freeman and Greg Knight, expanding its Board from three to five members. Freeman brings over 30 years of semiconductor experience, notably in the automotive sector, while Knight has 20 years in photovoltaic, silicon carbide, and EV markets. Their expertise aligns with the company's strategy for B-TRAN™ technology, aimed at enhancing efficiency in electric vehicles and renewable energy. The appointments are expected to strengthen Ideal Power's position in its target markets.
Ideal Power (NASDAQ: IPWR) announced the successful completion of its Phase I project under the SBIR grant from the DOE, in collaboration with Diversified Technologies, Inc. (DTI). The project focused on designing a low-loss 50MW solid-state circuit breaker (SSCB) using B-TRAN™ technology. The SSCB aims to revolutionize medium voltage power distribution, surpassing conventional mechanical breakers in speed and efficiency. The company plans to submit a Phase II proposal to develop and demonstrate this SSCB, amidst a growing global circuit breaker market projected to reach $25.85 billion by 2027.
Ideal Power (NASDAQ: IPWR) announced a conference call on March 17, 2022, at 4:30 p.m. Eastern Time to discuss its fourth quarter and full year results for 2021. President and CEO Dan Brdar and CFO Tim Burns will lead the call, which will include a Q&A session. Interested parties can join by dialing a toll-free number or accessing a live broadcast through Ideal Power's website. The earnings report will be released prior to the call, with a replay available until April 17, 2022.
Ideal Power (NASDAQ: IPWR) has partnered with a leading manufacturer of commercial electric vehicles to test its B-TRAN™ bidirectional power switches for DC-DC converter applications. This marks the third evaluation announcement for Ideal Power in the EV sector. The power switch market for EVs was valued at $1.5 billion in 2020 and is projected to grow at a 15% CAGR. B-TRAN™ technology reduces power losses significantly and can lower component requirements, promising to enhance electric vehicle efficiency and range.
Ideal Power Inc. (NASDAQ: IPWR) announced its participation in the 24th Annual Needham Virtual Growth Conference on January 14, 2022. Presenters will include President Dan Brdar and CFO Tim Burns, who will provide insights on their innovative B-TRAN™ technology, which offers enhanced energy control solutions for various applications, including electric vehicles and renewable energy. The presentation is scheduled for 2:00 p.m. ET, with a webcast available for those unable to attend. A replay of the session and additional investor materials will be accessible via the company’s website.