Ideal Power Inc (NASDAQ:IPWR) is ahead of schedule on the joint development program in connection with its first major design win for solid-state circuit breakers, thanks to a collaborative partnership and an efficient integration process. Ideal Power's B-TRAN based solution easily fits within the customer's existing design for a circuit breaker product.
Ideal Power's B-TRAN technology offers significant advancements in bidirectional switching, energy efficiency, and cost reduction, with nearly 100 patents supporting its potential market disruption. The company has made substantial progress towards commercialization, including new contracts, production site validations, and collaborations with major players like Stellantis. Revenue is expected to ramp up starting in the second half of 2025, driven by partnerships with global leaders in various industries.
Ideal Power Inc. (NASDAQ:IPWR ) Q4 2024 Earnings Conference Call February 27, 2025 10:00 AM ET Company Participants Jeff Christensen - Investor Relations Dan Brdar - President & Chief Executive Officer Tim Burns - Chief Financial Officer Conference Call Participants Jesse Sobelson - D. Boral Capital Operator Good morning, ladies and gentlemen, and welcome to the Ideal Power Fourth Quarter and Full Year 2024 Results Call.
Ideal Power Inc (NASDAQ:IPWR) ended its fourth quarter with nearly $16 million in cash as it looks to commercial sales of its B-TRAN product later this year. During the quarter, the company secured its first design win for solid-state circuit breakers (SSCB) with a major Asian circuit protection equipment manufacturer.
AUSTIN, Texas , Feb. 27, 2025 /PRNewswire/ -- Ideal Power Inc. (Nasdaq: IPWR) ("Ideal Power," the "Company," "we," "us" or "our"), developer and innovative provider of the highly efficient and broadly patented B-TRAN® bidirectional semiconductor power switch, reports results for its fourth quarter and full year ended December 31, 2024. "We're thrilled with our first design win representing significant validation of B-TRAN® as an enabling technology for SSCBs and a catalyst for our anticipated revenue ramp starting in the second half of 2025.
Ideal Power Inc (NASDAQ:IPWR) is penetrating the $2.4 billion solid-state switchgear and energy and power markets, expecting that this will drive an initial sales ramp in the second half of 2025 and support long-term profitability growth. Additionally, this strategy does encompass various other markets, such as the $3.6 billion automotive market, which provides further opportunities for expansion.
Emerging Growth Virtual Conference on January 16, 2025 Planet MicroCap Showcase in Las Vegas on April 23 and 24, 2025 AUSTIN, Texas , Jan. 14, 2025 /PRNewswire/ -- Ideal Power Inc. (Nasdaq: IPWR) ("Ideal Power," the "Company," "we," "us" or "our"), developer and innovative provider of the highly efficient and broadly patented B-TRAN® bidirectional semiconductor power switch, today announced management's plans for participation in upcoming investor conferences. Emerging Growth Virtual Conference on January 16, 2025 Ideal Power plans to present at the Emerging Growth Virtual Conference on January 16 at 2:20 PM ET.
Ideal Power Inc (NASDAQ:IPWR) announced on Monday its first design win for solid-state circuit breakers (SSCBs) through a partnership with one of Asia's largest circuit protection equipment manufacturers, The agreement includes joint development of a SSCB product incorporating Ideal Power's B-TRAN devices, according to a statement from the company. Design, prototyping, and testing is expected to be completed by the second quarter of 2025, with commercial sales to follow later that year.
AUSTIN, Texas , Dec. 16, 2024 /PRNewswire/ -- Ideal Power Inc. (Nasdaq: IPWR) ("Ideal Power," the "Company," "we," "us" or "our"), developer and innovative provider of the highly efficient and broadly patented B-TRAN® bidirectional semiconductor power switch, today announced the Company secured its first design win for solid-state circuit breakers (SSCBs) with one of the largest circuit protection equipment manufacturers in Asia serving the industrial and utility markets. In connection with this design win, the Company entered into a joint development agreement for a SSCB product incorporating multiple B-TRAN® devices.
Ideal Power Inc (NASDAQ:IPWR) announced on Wednesday that it has secured a multi-unit order for its SymCool IQ intelligent power module from a customer specializing in circuit protection and power conversion solutions. The order builds on prior purchases of the company's SymCool power modules and drivers, with the customer exploring applications for SymCool and SymCool IQ modules in areas such as electric vehicles, EV charging, renewable energy, and data centers.