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 Inc. (Nasdaq: IPWR) announced its participation in two investor conferences in December 2021. The first conference is the Benchmark Company Discovery One-on-One Investor Conference, taking place virtually on December 2, 2021. The second is the Sidoti December Micro Cap Conference, where Ideal Power will present on December 8, 2021, at 1:00 p.m. ET. Webcast replays and the latest investor presentation will be available on the company's website. Ideal Power develops patented B-TRAN™ bidirectional power switches, enhancing energy efficiency across various applications.
AUSTIN, Texas, Nov. 15, 2021 – Ideal Power (NASDAQ: IPWR) announced participation in The Benchmark Company Technology One-on-One Investor Conference on November 17, 2021. CEO Dan Brdar and CFO Tim Burns will host virtual meetings with investors. The company focuses on developing B-TRAN™ bidirectional power switches, which offer efficient energy control solutions for various applications, including electric vehicles and renewable energy. An investor presentation will be accessible on their website.
Ideal Power reported its third-quarter results for 2021, highlighting key partnerships in the electric vehicle and renewable energy sectors. The company is nearing a significant milestone under its U.S. Navy and Department of Energy collaborations to develop a B-TRAN™ circuit breaker. Financially, grant revenue decreased to $121,028 from $147,787 year-over-year, while total cash and cash equivalents stand at $24.5 million. The net loss improved to $1.2 million this quarter from $4.9 million a year prior, excluding a one-time expense. Ideal Power remains debt-free.
On Nov. 2, 2021, Ideal Power (NASDAQ: IPWR) unveiled a whitepaper detailing its B-TRAN™ bidirectional power switch technology. This innovation addresses limitations of traditional and solid-state circuit breakers, aiming to enhance efficiency in the $26 billion global circuit breaker market, projected to grow at 6.6% CAGR. The B-TRAN™ technology promises faster switching and lower energy losses. Ideal Power secured contracts with the U.S. Navy for a 12 kV circuit breaker and received funding from the Department of Energy for further development, signaling strong validation of its technology.
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.