Ideal Pwr Inc Stock Price, News & Analysis

Ideal Power (NASDAQ: IPWR) announced its participation in the 13th Annual LD Micro Main Event on December 14, 2020. The presentation will be led by Dan Brdar, CEO, and Tim Burns, CFO, scheduled for 2:20 p.m. EST. Investors can access a webcast of the presentation and view the latest investor materials on the company's website. Ideal Power focuses on developing its patented B-TRAN™ bi-directional power switches, aimed at enhancing efficiency and reducing costs in various applications, including industrial and automotive markets.

Ideal Power (NASDAQ: IPWR) has announced its participation in two upcoming virtual investor conferences: the 11th Annual Craig-Hallum Alpha Select Conference on November 17, 2020, and the Benchmark Company 9th Annual Discovery One-on-One Conference on November 18, 2020. The company specializes in developing and commercializing B-TRAN™ bi-directional power switches, which offer efficient energy control solutions. Interested parties can access the latest investor presentation on Ideal Power's website and schedule one-on-one meetings through their conference representatives.

Ideal Power (Nasdaq: IPWR) announced its third quarter results for 2020, reporting a net loss of $4.9 million, impacted by a $3.7 million non-cash warrant inducement expense. R&D expenses increased to $0.5 million, reflecting investments in B-TRAN™ development. The company achieved a significant milestone under its NAVSEA program, completing the first fabrication run of B-TRAN™ wafers with Teledyne. Cash and equivalents stood at $3.8 million as of September 30, 2020. The company continues to progress towards commercialization, supported by 57 issued patents and an ongoing partnership with the University of Texas at Austin.

Ideal Power Inc. (NASDAQ: IPWR) announced a conference call scheduled for November 12, 2020, at 4:30 p.m. Eastern Time. The call will cover third-quarter results ending September 30, 2020. President and CEO Dan Brdar and CFO Tim Burns will lead the discussion.

Participants can join using the toll-free number 1-866-248-8441 or the international number 1-323-289-6576. A press release with detailed results will precede the call.

Austin-based Ideal Power (NASDAQ: IPWR) is set to showcase its pioneering B-TRAN™ bi-directional power switches at the LD Micro 500 Virtual Conference from September 1-4, 2020. Key executives, including President Dan Brdar and CFO Tim Burns, will engage in one-on-one investor meetings and present on September 2 at 10:40 a.m. EDT. The webcast will be accessible on Ideal Power’s website, along with their latest investor presentation. Ideal Power aims to enhance energy efficiency across various sectors through its patented semiconductor technology.

Ideal Power (NASDAQ: IPWR) announced a $1.2 million contract with Diversified Technologies, Inc. (DTI) to supply its innovative B-TRAN™ devices. This is part of a larger $3 million project awarded by the U.S. Naval Sea Systems Command aimed at developing high-efficiency MVDC circuit breakers for Navy ship electrification. The B-TRAN™ technology outperforms conventional power switches by over 50% in efficiency, offering faster fault interruption and lower operational costs. The partnership seeks to enhance the Navy's power systems while paving the way for broader industrial applications.

Ideal Power Inc. (Nasdaq: IPWR) has successfully completed an early warrant exercise transaction with Series A warrant holders, raising approximately $2.7 million for commercialization and development of its B-TRAN™ semiconductor technology. The funds will bolster the company's cash position and help execute its Phase Two commercial plan without needing to access capital markets. In addition, new Series C warrants were issued to these holders, allowing them to purchase up to 705,688 shares at an exercise price of $8.90 per share.

On July 31, 2020, Ideal Power (Nasdaq: IPWR) executed an early warrant exercise transaction, raising approximately $2.7 million in gross proceeds. The funds will primarily support the commercialization of the patented B-TRAN™ semiconductor technology. As part of the agreement, Series A warrant holders will receive Series C warrants to purchase 705,688 shares of common stock at $8.90 per share. Craig-Hallum Capital Group serves as the exclusive placement agent. The Series C warrants are exempt from registration under the Securities Act.

On August 3, 2020, Ideal Power announced an early warrant exercise transaction with Series A warrant holders, raising about $2.7 million. The funds will support the commercialization of its patented B-TRAN™ semiconductor technology. As part of the deal, warrant holders will receive new Series C warrants to purchase 705,688 shares at an exercise price of $8.90 per share. The Series C warrants will not be registered under securities laws but will have an exemption under the Securities Act. Craig-Hallum Capital Group is the exclusive placement agent for this transaction.