Ideal Power Inc. Market Research Report

Company Overview

• Name of the Company: Ideal Power Inc.

• Mission: Empowering the future of energy by pioneering the development and commercialization of innovative, eco-friendly semiconductor power switch solutions.

• Founded: Incorporated on May 17, 2007.

• Key People:

• R. Daniel Brdar: President, Chief Executive Officer, and Director.

• Tim Burns, CPA: Chief Financial Officer.

• Dr. Jiankang Bu: Chief Technology Officer.

• Jeff Knapp: Vice President of Business Development.

• Headquarters: 5508 Highway 290 West, Suite 120, Austin, TX 78735, USA.

• Number of Employees: No information is available.

• Revenue: No specific revenue figures provided.

• Known For: Development and commercialization of the bidirectional semiconductor power switch B-TRAN™, offering substantial efficiency improvements for various applications.

Products

• B-TRAN™ Semiconductor Power Switch

• Description: A proprietary semiconductor switch, B-TRAN™ is a bidirectional AC switch designed to improve efficiency and reduce energy losses in power management systems.

• Key Features:

• Reduces power losses by 50% or more, depending on the application.

• Minimal thermal management requirements.

• Bidirectional capability, reduces the need for multiple conventional power switches.

• Applications:

• Electric Vehicles: Can potentially improve EV range by 7% to 10%.

• EV Charging: Offers around 50% lower losses, reducing charging time and costs.

• Renewables: Increases inverter efficiencies to approach 99% compared to standard designs.

• Energy Storage: Enhances bidirectionality and efficiency in storage systems.

• IT Infrastructure: Improves UPS efficiency, offering annual electricity savings.

• Solid-State Circuit Breakers: Reduces conduction losses by more than 50%.

Recent Developments

• New Products and Features:

• Introduced SymCool® IQ Intelligent Power Modules and B-TRAN™ Discrete products.

• Key Partnerships and Collaborations:

• Collaboration with leading industry players such as Stellantis and a second top-10 global automaker.

• Associations with a top-10 global solar power conversion provider and two Forbes Global 500 power management market leaders.

• Partnership with a Tier 1 global automotive supplier.

• Milestones:

• Secured first design win for solid-state circuit breakers in December 2024.

• Announced distribution agreement with Sekorm Advanced Technology (Shenzhen) Co., Ltd. in September 2024.

• Initiated third-party automotive qualification and reliability testing.

• Secured orders from a global tier 1 automotive supplier.

• Hosting the fourth quarter and full-year 2024 results conference call scheduled for February 27, 2025.

Contact Information

• Address: 5508 Highway 290 West, Suite 120, Austin, TX 78735, USA.

• Phone: (512) 264-1542

• Email: investors@idealpower.com

Conclusion

Ideal Power Inc. is a leading developer in the semiconductor industry, specializing in the B-TRAN™ technology, which provides significant performance and efficiency improvements. The company's proactive approach toward collaborations and continuous product innovation positions it strategically in various growing markets, including electric vehicles, renewable energy, and more.