Ideal Power Inc (IPWR)

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“We are excited to make the first of what we expect to be several announcements for the evaluation and potential adoption of B-TRAN™ for electric vehicle applications,” stated Dan Brdar, President and Chief Executive Officer of Ideal Power. “Based on our discussions with large global automobile manufacturers and their Tier 1 suppliers, we believe B-TRAN™ can have a meaningful impact on the drivetrain efficiency and range of electric vehicles and potentially enable more economic and efficient new drivetrain architectures. As B-TRAN™ can offer substantial performance improvements over conventional power semiconductors in applications across many sectors, we are also engaged in ongoing engineering sampling discussions with power equipment manufacturers, both large and small, in renewable energy, data centers and other industrial and utility applications.”