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 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.
Ideal Power Inc. (NASDAQ: IPWR) has released a whitepaper detailing its B-TRAN™ technology, an advanced bi-directional power switch aimed at enhancing efficiency and reducing costs across multiple sectors. The total addressable market for B-TRAN™ is estimated at $6 billion, with significant segments including Electric Vehicles ($1.5 billion, 15% annual growth), Renewable Energy ($1.1 billion, 12% annual growth), and Data Center UPS ($0.5 billion, 6% annual growth). The technology promises improved efficiency and economic benefits in various applications, including vehicle-to-grid systems and renewable energy solutions.
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.
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