Ideal Pwr Inc Stock Price, News & Analysis

Ideal Power Inc. (Nasdaq: IPWR) announced its fourth-quarter and full-year 2020 results, reporting a net loss of $1.1 million for Q4 and $7.8 million for the full year. The company is progressing towards commercialization of its B-TRAN™ technology and has completed key milestones in partnership with NAVSEA and Diversified Technologies, Inc. Ideal Power raised $21.2 million through a public offering in February 2021, bolstering its balance sheet. Cash and equivalents stood at $3.2 million at year's end. Future plans include device fabrication and customer engagement for commercial revenue expected in 2022.

AUSTIN, Texas, March 11, 2021 (GLOBE NEWSWIRE) – Ideal Power (NASDAQ: IPWR) announced that its CEO Dan Brdar and CFO Tim Burns will attend the Q1 Virtual Investor Summit from March 23-25, 2021. They will present on March 25 at 3:30 PM ET. The summit connects smallcap and microcap companies with over 300 investors, showcasing 100 participating companies. Ideal Power focuses on its patented B-TRAN™ bi-directional power switches, aiming to enhance energy efficiency in various applications including electric vehicles and renewable energy.

Ideal Power (NASDAQ: IPWR) announced the completion of a new B-TRAN™ driver in collaboration with The University of Texas at Austin, designed for customer sampling. This driver enhances B-TRAN™'s performance by reducing size, improving switching speed, and lowering losses. The company aims to facilitate technical evaluations for potential customers and collect feedback for an upcoming intelligent power module. Patent protection has been filed for the innovations, marking a significant step towards commercializing B-TRAN™ technology.

AUSTIN, Texas, March 3, 2021 (GLOBE NEWSWIRE) -- Ideal Power (NASDAQ: IPWR) announced participation in the B. Riley Securities Sustainable Energy & Technology Conference on March 9-10, 2021. CEO Dan Brdar and CFO Tim Burns will host virtual one-on-one investor meetings and present on March 9 at 2:00 p.m. EST. A live webcast will be available, with a replay and the latest investor presentation on Ideal Power’s website. The company focuses on developing B-TRAN™ bi-directional power switches for various applications including renewable energy and electric vehicles.

Ideal Power Inc. (NASDAQ: IPWR) will host a conference call on March 17, 2021, at 4:30 p.m. EST to discuss its fourth quarter and full year results for 2020. The call will be led by CEO Dan Brdar and CFO Tim Burns, followed by a Q&A session. A press release with detailed results will precede the call. Interested parties can access the call via a toll-free number or online through the company's investor relations site. A replay will be available from March 17 to April 17, 2021.

Ideal Power (NASDAQ: IPWR) has appointed Jeffrey S. Knapp as Vice President of Business Development. With over 20 years in the semiconductor industry, Knapp's experience includes positions at major firms like Crystal IS and Infineon. He is set to lead efforts in expanding customer and partner relationships in industries such as electric vehicles, renewable energy, and uninterruptible power supply. CEO Dan Brdar expressed optimism about Knapp's ability to drive the commercialization of their B-TRAN™ bi-directional power switches, which promise notable efficiency advantages over traditional semiconductor technologies.

Ideal Power Inc. (Nasdaq: IPWR) has completed a public offering of 1,352,975 shares of its common stock at $17.00 per share, raising approximately $23 million. After deducting expenses, the company expects to receive around $21.1 million. The funds will support the commercialization and development of its B-TRAN™ semiconductor technology, aimed at enhancing efficiency in power control applications. The offering was facilitated by The Benchmark Company, LLC, and follows a shelf registration declared effective by the SEC in December 2020.

Ideal Power Inc. (Nasdaq: IPWR) announced a public offering of 1,176,500 shares at $17.00 each, totaling approximately $20 million. The underwriter has a 30-day option for an additional 176,475 shares. After costs, net proceeds are projected to be about $18.35 million, aimed at financing B-TRAN™ semiconductor technology development and general corporate purposes. The offering closes around February 11, 2021. The shares are offered under an effective SEC registration statement, with details available through The Benchmark Company, LLC.

Ideal Power Inc. (Nasdaq: IPWR) announced an underwritten public offering of common stock, with a potential 30-day option for underwriters to purchase an additional 15% of shares. The offering is contingent on market conditions, and no guarantee exists regarding its completion or terms. Proceeds will fund the commercialization of B-TRAN™ semiconductor technology and for general corporate purposes. The offering is being conducted under an SEC shelf registration statement filed on December 2, 2020.