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. (Nasdaq: IPWR) is a manufacturing-sector company focused on B-TRAN® bidirectional semiconductor power switches for electric vehicles, data centers, renewable energy, energy storage, and industrial and military applications. This news page aggregates company press releases and market updates so readers can follow how Ideal Power’s technology and commercial roadmap are progressing over time.
Recent news highlights include quarterly financial results, operational milestones and customer engagements. Ideal Power regularly reports on its B-TRAN® commercial roadmap, such as shipping solid-state circuit breaker prototypes and reference designs, collaborating with multiple global Tier 1 automotive suppliers, and securing a purchase order from Stellantis for custom B-TRAN® devices targeting several EV applications. Updates also cover increases in the published power rating of the discrete B-TRAN® product and plans for corresponding changes to the SymCool® power module.
Investors and industry observers can use this feed to track announcements related to EV contactor and solid-state circuit breaker programs, participation in investor conferences, and developments in Ideal Power’s patent estate across North America, Asia and Europe. The news flow also includes information on leadership changes, such as the appointment of David Somo as President and Chief Executive Officer, and details on scheduled conference calls and webcasts discussing quarterly results.
By reviewing Ideal Power’s news on a regular basis, readers can see how the company’s B-TRAN® technology is being evaluated by global automakers, Tier 1 suppliers and power management companies, and how these engagements translate into design wins, development programs and product-level advancements.
Ideal Power (NASDAQ: IPWR) has announced a collaboration with a Forbes 2021 Global 500 leader to test its B-TRAN™ technology for bidirectional solid-state circuit breakers (SSCB) in solar and wind applications. This marks a significant step in the adoption of B-TRAN™, which reduces power losses by 50% compared to conventional switches, addressing inefficiencies in traditional mechanical circuit breakers. The circuit breaker market is expected to reach $25.85 billion by 2027, with Ideal Power's innovative technology potentially facilitating broader adoption across various sectors.
Ideal Power Inc. (NASDAQ: IPWR) has announced a conference call on November 10, 2021, at 4:30 p.m. Eastern Time, to discuss its third-quarter results, which ended on September 30, 2021. The call will be hosted by President and CEO Dan Brdar, along with CFO Tim Burns. A press release detailing the financial results will precede the call. Investors can listen live or replay the call later via the company's website. The company is focused on its patented B-TRAN™ technology, aimed at improving energy control solutions across various sectors.
Ideal Power Inc. (NASDAQ: IPWR) announced with sadness the passing of Chairman David B. Eisenhaure, an influential engineer and entrepreneur. Eisenhaure had been pivotal in the company's direction since joining the Board in 2013 and was appointed Chairman in 2020. He previously served as President and CEO at SatCon Technology Corporation, guiding it through significant growth. The Board has initiated the search for a new chairman and additional board members. Ideal Power focuses on developing B-TRAN™ technology for efficient energy control solutions across various applications.
Ideal Power Inc. (NASDAQ: IPWR) announced participation in the 23rd Annual H.C. Wainwright Global Investment Conference on September 13-15, 2021. CEO Dan Brdar and CFO Tim Burns will present virtually, starting at 7:00 a.m. Eastern Time on September 13. The event will feature one-on-one meetings with investors. The webcast will be accessible online, and replays plus the latest investor presentation will be available on Ideal Power's website. The company focuses on its patented B-TRAN™ technology, aimed at enhancing energy efficiency in various applications.
Ideal Power (Nasdaq: IPWR) reported its Q2 2021 results, noting significant progress in the commercialization of its B-TRAN™ technology. The company established collaborations with key players in the EV and renewable energy sectors and partnered with DTI on a DOE-funded project to develop a B-TRAN™ AC circuit breaker. Financially, Ideal Power recorded grant revenue of $85,000 and a net loss of $1.2 million, compared to $0.8 million in Q2 2020. As of June 30, 2021, cash and equivalents stood at $25.7 million, with no long-term debt. The company aims to advance its innovative semiconductor solutions.
On August 10, 2021, Ideal Power Inc. (Nasdaq: IPWR) announced its participation in two upcoming investor conferences: the Q3 Virtual Investor Summit on August 17 and the Sidoti August Microcap Conference on August 19. CEO Dan Brdar and CFO Tim Burns will present and engage with investors. The Q3 Virtual Investor Summit presentation is scheduled for 11:00 a.m. EDT, while the Sidoti Conference will take place at 10:00 a.m. EDT. Webcast replays and the latest investor presentation will be accessible on the company's website.
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Ideal Power Inc. (NASDAQ: IPWR) announces a conference call on August 12, 2021, at 4:30 p.m. EDT to discuss its second-quarter results for the period ending June 30, 2021. A press release detailing these results will precede the call. Hosted by President and CEO Dan Brdar and CFO Tim Burns, the call will allow for a question-and-answer segment afterwards. Interested parties can access the call via toll-free and international numbers. A replay will be available from 7:30 p.m. EDT on August 12 until September 12. Learn more about Ideal Power's bi-directional B-TRAN™ technology at IdealPower.com.
Ideal Power (Nasdaq: IPWR) has announced a sampling agreement with an electric vehicle (EV) charger provider for its B-TRAN™ devices, marking its entry into the expanding EV charging station market, projected to grow from 2.1 million to 30.8 million units by 2027. The innovative EV charger incorporates a swappable battery system and aims to alleviate charging concerns with faster, more efficient technology. B-TRAN™ offers 50% reduction in power losses and 75% fewer components compared to conventional systems, enhancing cost-effectiveness and efficiency in mobile EV charging and renewable energy applications.
AUSTIN, Texas, July 21, 2021 (GLOBE NEWSWIRE) -- Ideal Power (Nasdaq: IPWR) announced that CEO Dan Brdar will join the Water Tower Research Fireside Chat Series on July 22, 2021, at 2:00 PM EDT. The discussion will focus on the application of their patented B-TRAN™ switches in circuit breaker technologies. Interested investors can register for the event, which will also be available for replay after the live session. Ideal Power is committed to developing eco-friendly energy control solutions across various sectors, including electric vehicles and renewable energy.