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Core Insights - Ideal Power Inc. has secured its first design win for solid-state circuit breakers (SSCBs) with a major circuit protection equipment manufacturer in Asia, marking a significant milestone for the company [1][4] - The joint development agreement includes product design, prototype builds, and testing of the SSCB, with commercial sales expected to begin in late 2025 [2][4] - The initial B-TRAN®-based SSCB is projected to generate several hundred thousand dollars in revenue in the first year, potentially exceeding one million dollars in the second year [2] Company Developments - The customer focuses on renewable energy, circuit protection for industrial equipment, utility grid infrastructure, and power distribution, selling over 200 thousand circuit breakers annually [3] - The B-TRAN® technology was chosen over SiC MOSFETs due to its ultra-low conduction losses and inherent bidirectionality, which enhances performance [3][5] - Ideal Power estimates a $1 billion serviceable addressable market (SAM) for B-TRAN® in the solid-state switchgear market, including SSCBs [5] Market Opportunities - The initial SSCB will target grid-tied solar and energy storage equipment providers, as well as utility electric distribution network companies [3] - Other potential applications include data centers, lighting and air conditioning systems, electric vehicles, and energy storage solutions [3] - The company aims to leverage this design win to secure additional design wins with other SSCB customers, driving long-term value creation [4]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs globally, including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors, including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Core Insights - Ideal Power Inc. has secured a multi-unit order for its SymCool® IQ intelligent power module from a customer specializing in circuit protection and power conversion solutions, marking a significant milestone in the commercialization of its B-TRAN® technology [1][3] Group 1: Product Development and Market Expansion - The customer has previously ordered multiple SymCool® power modules and drivers, indicating ongoing interest in SymCool® and SymCool® IQ modules for applications in electric vehicles, renewable energy, and data centers [2] - SymCool® IQ enhances the existing SymCool® power module by integrating an intelligent driver optimized for bidirectional operation, rated at 1200V and 200A, offering advantages such as lower losses and inherent bidirectionality compared to IGBT modules [4] - The integration of an intelligent driver in SymCool® IQ provides protection features like overcurrent protection, undervoltage protection, and temperature sensing, which are beneficial for OEM customers [4] Group 2: Strategic Importance - The order for SymCool® IQ opens additional markets for Ideal Power, including renewable energy and energy storage, as the technology is being evaluated for pairing renewable energy with energy storage solutions [3] - The advantages of SymCool® IQ translate to increased energy savings, lower operating costs, and reduced thermal management requirements, leading to more compact and cost-effective solutions for OEM customers [4] Group 3: Company Overview - Ideal Power is focused on the development and commercialization of its patented B-TRAN® semiconductor technology, which aims to create efficient and eco-friendly energy control solutions for various applications, including electric vehicles and data centers [5]

Ideal Power Inc (NASDAQ:IPWR), a Texas-based company specializing in advanced power switches for electric vehicles (EVs) and other industries, announced significant progress in its commercialization roadmap during the third quarter.  The company partnered with a third global automaker to explore B-TRAN technology in EV contactors and received initial orders from a Tier 1 supplier for discrete B-TRAN devices, a SymCool power module, and a solid-state circuit breaker (SSCB) evaluation board. Meetings with Ste ...

Ideal Power Inc. (NASDAQ:IPWR) Q3 2024 Earnings Conference Call November 14, 2024 10:00 AM ET Company Participants Jeff Christensen - IR Daniel Brdar - President and CEO Tim Burns - CFO Conference Call Participants Brian Dobson - Clear Street Operator Good morning, ladies and gentlemen, and welcome to the Ideal Power Third Quarter 2024 Results Call. [Operator Instructions] As a reminder, this event is being recorded. I would now like to turn the conference over to Mr. Jeff Christensen, Investor Relations. S ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------|--------------------- ...

Exhibit 99.1 Ideal Power Reports Third Quarter 2024 Financial Results AUSTIN, TX – November 14, 2024 -- Ideal Power Inc. (Nasdaq: IPWR) ("Ideal Power," the "Company," "we," "us" or "our"), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, reports results for its third quarter ended September 30, 2024. "Our Q3 accomplishments underscore the continued execution of our B-TRAN™ commercial roadmap with several significa ...

AUSTIN, Texas, Nov. 14, 2024 /PRNewswire/ -- Ideal Power Inc. (Nasdaq: IPWR) ("Ideal Power," the "Company," "we," "us" or "our"), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, reports results for its third quarter ended September 30, 2024."Our Q3 accomplishments underscore the continued execution of our B-TRAN™ commercial roadmap with several significant developments. We are collaborating with a third global au ...