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.
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Ideal Power Inc. (NASDAQ: IPWR) is collaborating with Diversified Technologies, Inc. (DTI) on a Phase I Small Business Innovation Research (SBIR) grant from the Department of Energy to develop a low-loss, 13.8 kV alternating current Solid State Circuit Breaker (SSCB) driven by its B-TRAN™ technology. The project includes designing a 50 MW SSCB and validating the performance of B-TRAN™ switch modules. This innovative circuit breaker promises to enhance efficiency, reduce costs, and limit fault energy significantly compared to conventional breakers, with potential applications in medium voltage power distribution and renewable energy systems.
Ideal Power Inc. (NASDAQ: IPWR) announced that Jeff Knapp, Vice President of Business Development, will participate in the Water Tower Research Fireside Chat Series on June 10, 2021, at 2:00 pm EDT. The discussion will focus on B-TRAN™ applications for the EV market. Interested participants must register for the live event, which will be available for replay post-event. Ideal Power is known for its B-TRAN™ bi-directional power switches, which enhance energy efficiency across various applications, including electric vehicles and renewable energy.
Ideal Power Inc. (Nasdaq: IPWR) reported its Q1 2021 results, focusing on progress in commercializing its B-TRAN™ technology. The company achieved key milestones under the NAVSEA program and strengthened its balance sheet, raising $21.2 million in net proceeds from a public offering. Operating expenses remained stable at $0.9 million, with a net loss of $0.9 million, identical to Q1 2020. Cash and equivalents totaled $26.8 million as of March 31, 2021. Ideal Power is advancing collaborations with automotive and renewable energy sectors, enhancing its technology and market position.
Ideal Power Inc. (NASDAQ: IPWR) announced participation in the 16th Annual Needham Virtual Technology & Media Conference from May 17-20, 2021. During this event, President Dan Brdar and CFO Tim Burns will host virtual one-on-one investor meetings. They are scheduled to present on May 19, 2021, at 3:45 p.m. EDT. A webcast of the presentation will be available for replay. Ideal Power focuses on its patented B-TRAN™ technology, which aims to enhance energy control solutions across various applications, including electric vehicles and renewable energy.
Ideal Power Inc. (NASDAQ: IPWR) announces the appointment of Dr. Jiankang Bu as Vice President of Engineering. With over 20 years in power semiconductor engineering and numerous patents, Dr. Bu will lead the advancement of the company's B-TRAN™ technology. His expertise in semiconductor devices for electric and hybrid vehicles aims to enhance product design and technology commercialization. This appointment aligns with Ideal Power's focus on efficient energy solutions for various applications, including renewable energy and electric vehicles.
Ideal Power Inc. (Nasdaq: IPWR) announced a conference call on May 13, 2021, at 4:30 p.m. EDT to discuss its Q1 results for the period ending March 31, 2021. The call will feature CEO Dan Brdar and CFO Tim Burns, followed by a Q&A session. Interested parties can access the call via a toll-free number or internationally. A replay will be available post-call until June 12, 2021. Ideal Power specializes in B-TRAN™ bi-directional power switches aimed at enhancing energy efficiency in various applications.
Ideal Power (NASDAQ: IPWR) announced that CEO Dan Brdar will participate in the Water Tower Research Fireside Chat Series on April 22, 2021, at 2:00 pm EDT. The discussion will focus on the company's innovative B-TRAN™ bi-directional power switches and their potential markets. Interested participants must register as space is limited, but the event will be available for replay afterward. Ideal Power is committed to advancing its patented B-TRAN™ technology, which offers significant efficiency improvements for various applications, including electric vehicles and renewable energy.
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.