Ideal Pwr Inc Stock Price, News & Analysis

Ideal Power Inc. (Nasdaq: IPWR) has announced a global distribution agreement with RYOSHO U.S.A, INC., a subsidiary of RYODEN This partnership marks a significant step in the commercialization of Ideal Power's B-TRAN™ bidirectional semiconductor power switch technology. RYOSHO has already placed orders from a large global customer interested in Ideal Power's products for solid-state circuit protection applications.

Dan Brdar, President and CEO of Ideal Power, highlighted the importance of adding a second distributor with RYOSHO's strong technical sales team and global reach, particularly in Asia. The company maintains an asset-light business model, focusing on B-TRAN™ technology improvements and commercialization while minimizing capital requirements.

Ideal Power Inc. (Nasdaq: IPWR) announces a collaboration with a third global automaker to evaluate B-TRAN™-enabled contactors for potential use in electric vehicles (EVs). This engagement follows previous collaborations with Stellantis and another Top 10 global automaker. The focus is on replacing electromechanical contactors with solid-state alternatives in EVs.

Key points:

• B-TRAN™ technology offers low conduction losses and bidirectionality, making it suitable for EV contactors
• The high-power EV contactor market is projected to reach $3.7 billion by 2025
• Solid-state contactors provide faster action, improved safety, reliability, and programmable settings
• Potential for solid-state contactors to replace over half of the electromechanical contactor market in EVs

Ideal Power Inc. (Nasdaq: IPWR), a company developing the B-TRAN™ bidirectional semiconductor power switch, has announced its second quarter 2024 results conference call scheduled for August 14, 2024, at 10:00 AM Eastern Time. The call will be hosted by CEO Dan Brdar and CFO Tim Burns, featuring a Q&A session. Investors can submit questions in advance or during the live call.

Key details include:

• Toll-free dial-in: 877-545-0523
• International dial-in: 973-528-0016
• Participant Access Code: 861514

The call will be webcast live and available for replay on the company's investor relations website. An audio replay will be accessible until August 28, 2024. Additionally, Ideal Power plans to present at the LD Micro 17th Annual Main Event Conference in Los Angeles on October 29, 2024.

Ideal Power (NASDAQ: IPWR) has successfully qualified a second high-volume wafer fabrication supplier in Europe for its B-TRAN™ bidirectional semiconductor power switch. This new supplier, alongside the existing one in Asia, mitigates supply chain risks by offering dual sourcing without exposure to China or Taiwan. The European fab completed a multi-wafer full process flow engineering run for double-sided B-TRAN™ wafers, achieving functionality without needing special equipment or capital investment. This milestone supports future revenue growth, with the capacity to meet anticipated customer demand over the next 2-3 years.

The European supplier has expertise in high-power, bipolar devices and is ISO 9001 and ISO 14001 certified, enhancing its credibility. Ideal Power's B-TRAN™ reduces power losses by 50% or more, generates less heat, and requires fewer components, providing a competitive advantage in bidirectional applications. These features are particularly beneficial as the industry shifts towards electrification and renewable energy.

Ideal Power (NASDAQ: IPWR) has released its financial results for Q1 2024, highlighting a rise in commercial revenue to $78,739 from $0 in Q1 2023. Operating expenses decreased slightly to $2.5 million from $2.6 million, with a net loss remaining constant at $2.5 million. The company raised $15.7 million from a public offering, boosting cash reserves to $20.2 million, and it has no long-term debt.

Key business developments include commencing shipments of SymCool™ power modules, completing Phase II of a development program with Stellantis ahead of schedule, and securing its first distributor, Richardson Electronics. The company is also nearing completion of a qualification run with a second high-volume wafer fabrication partner in Europe. Ideal Power holds 86 issued B-TRAN™ patents and 41 pending patents globally.

For 2024, the company aims to secure Phase III with Stellantis, complete the qualification of the second fab, convert large OEMs to design wins, add more distributors, and begin third-party automotive qualification testing.

Ideal Power Inc. announced a partnership with a global leader in circuit protection, industrial fuses, and power conversion electronics to test and evaluate its B-TRAN™ power semiconductors for various industrial applications. The collaboration aims to drive product development and potentially secure design wins and customer agreements. Ideal Power's B-TRAN™ technology offers advantages in EV power transfer, DC microgrids, energy storage systems, and railway substations, providing higher efficiency, lower conduction losses, bidirectional capability, and reduced system costs. With the potential to reduce power losses by 50% or more compared to conventional switches, B-TRAN™ stands out as a unique and efficient solution in bidirectional applications, positioning the company favorably in the growing market of transportation electrification and renewable energy.

Ideal Power Inc. will hold a conference call on May 15, 2024, to discuss the first quarter results. The call will be hosted by President and CEO Dan Brdar and CFO Tim Burns. Analysts and investors can submit questions in advance. The company will also participate in the Northland Capital Markets Virtual Growth Conference on June 25, 2024.

Ideal Power Inc. announces an order from a Forbes Global 500 power management market leader for SymCool™ power modules and drivers. The customer is evaluating the technology for use in solid-state circuit breaker applications in industrial markets, highlighting lower conduction losses and improved efficiency compared to conventional power semiconductors. Ideal Power expects industrial markets to drive sales growth starting in the second half of 2024.