Ideal Power Inc (IPWR)

[tykundegex]

Huge! This is fantastic news! A whole new product line and market, that dwarfs what was already a large and growing market for their power converters.

Hopefully they just license the IP, and let the 800-pound gorilla's integrate the tech into their existing products.

"the global VFD market which is projected to reach $37 billion by 2026"

"The company plans to initially target low voltage AC drives, which make up 71 percent of the addressable market, through licensing and alliance partnerships."

"After undergoing months of testing by independent researchers at the University of Texas Center for Electromechanics (CEM) alongside a popular product from one of the world's leading VFD manufacturers, Ideal Power's PPSA-based VFD yielded superior performance results over the existing technology"