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 (Nasdaq: IPWR) announced its participation in the Needham 25th Annual Growth Conference on January 12, 2023, for one-on-one meetings with institutional investors. Jeff Christensen of Darrow Associates will assist in arranging these meetings. The company's latest investor presentation can be found on their website. CEO Dan Brdar expressed that Ideal Power accomplished significant milestones in 2022 and aims to share progress and upcoming goals for 2023 during the conference. Ideal Power focuses on its patented B-TRAN™ technology, enhancing efficiency in various energy applications.
Ideal Power (NASDAQ: IPWR) has announced its participation in The Benchmark 11th Annual Discovery One-on-One Conference, set for December 1, 2022. Tim Burns, the CFO, will engage with investors at the event. Ideal Power is recognized for its B-TRAN™ bidirectional semiconductor power switch, which aims to revolutionize power switching and control in medium voltage applications. This technology promises higher efficiency, reduced losses, and lowered operational costs in various sectors including renewable energy and electric vehicles. An investor presentation will be available on the company’s website.
Ideal Power (Nasdaq: IPWR) reported its Q3 2022 results, highlighting progress in commercializing its B-TRAN™ semiconductor technology. Key developments include a product agreement with a top 10 global automaker for EV applications, and additional B-TRAN™ shipments to Diversified Technologies for the NAVSEA program. Financially, grant revenue fell to $10,675 compared to $121,028 in Q3 2021, while operating expenses increased to $1.8 million. The net loss was $1.7 million, up from $1.2 million a year prior. Cash and equivalents stood at $18.5 million with no long-term debt.
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On November 1, 2022, Ideal Power (NASDAQ: IPWR) announced a conference call scheduled for November 14, 2022, at 4:30 p.m. EST to discuss the third quarter results ending September 30, 2022. This call will be hosted by President and CEO Dan Brdar and CFO Tim Burns, followed by a Q&A session. Interested participants can join using the provided toll-free and international dial-in numbers. A press release with the financial results will precede the call, and a replay will be accessible until December 14, 2022. Ideal Power focuses on innovative energy solutions using its patented B-TRAN™ technology.
Ideal Power Inc. (IPWR) announced its participation in the H.C. Wainwright 24th Annual Global Investment Conference, scheduled for September 12-14, 2022. Dan Brdar, President and CEO, along with CFO Tim Burns, will present virtually starting at 7:00 a.m. ET on September 12. The conference will allow for one-on-one meetings with investors. Ideal Power focuses on its patented B-TRAN™ bidirectional power switch technology, enhancing efficiency in various applications, including electric vehicles and renewable energy. A replay of the session and investor presentation will be available on their website.
Ideal Power reported its second quarter results for 2022, highlighting significant operational advancements in the development of its B-TRAN™ semiconductor technology. Initial packaged B-TRAN™ devices were delivered to Diversified Technologies for a MVDC circuit breaker demonstration. The company added new participants to its test program and completed driver testing for production. Financially, second quarter grant revenue decreased to $50,978 from $84,705 in 2021, while operating expenses rose to $1.7 million, leading to a net loss of $1.7 million. Cash reserves stood at $20 million as of June 30, 2022.
On August 10, 2022, Ideal Power (NASDAQ: IPWR) announced the delivery of initial B-TRAN™ devices to Diversified Technologies, Inc. (DTI) as part of a U.S. Navy contract. These devices aim to enhance the efficiency of medium voltage direct current (MVDC) circuit breakers, demonstrating lower conduction losses compared to traditional systems. This delivery is a crucial step in supporting DTI's project under the Department of Defense’s Rapid Innovation Fund, projected to capitalize on a growing circuit breaker market reaching $26 billion by 2027.
On August 9, 2022, Ideal Power (NASDAQ: IPWR) announced its participation in two upcoming investor conferences. The company will present its innovative B-TRAN™ bidirectional semiconductor technology.
Key details include:
- Q3 Investor Summit on August 17, 2022, at 10:15 a.m. ET.
- Sidoti & Company Micro-Cap Virtual Conference on August 18, 2022, at 12:15 p.m. ET.
Both events offer opportunities for investor meetings, and webcasts will be available on Ideal Power's website.
Ideal Power (NASDAQ: IPWR) has announced a conference call scheduled for August 15, 2022, at 4:30 p.m. EDT to discuss its second-quarter financial results for the period ending June 30, 2022. The call will be hosted by President and CEO Dan Brdar and CFO Tim Burns, followed by a Q&A session. Interested parties can join the call via toll-free or international numbers. It will be accessible live and for replay afterward. Ideal Power specializes in innovative semiconductor technology with its B-TRAN™ bidirectional power switch, aimed at improving energy efficiency across multiple sectors.