Business
Ideal Power Announces Global Distribution Agreement with RYOSHO U.S.A.
AUSTIN, Texas, Aug. 8, 2024 /PRNewswire/ -- Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (Nasdaq: IPWR), pioneering the development
About this update from Ideal Power Inc.
[{"type":"text","content":"AUSTIN, Texas, Aug. 8, 2024 /PRNewswire/ -- Ideal Power Inc. (\"Ideal Power,\" the \"Company,\" \"we,\" \"us\" or \"our\") (Nasdaq: IPWR), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announces an agreement with RYOSHO U.S.A, INC. (\"RYOSHO\"), a subsidiary of RYODEN CORPORATION (TSE: 8084), for the global distribution of Ideal Power's products. RYOSHO has already placed orders with Ideal Power from a large global customer interested in the Company's products for solid-state circuit protection applications.\n\"This is a significant development in the commercialization of our B-TRAN™ technology as we add a second distributor for our products. RYOSHO has a strong technical sales team with expertise in securing sales for new technologies and global reach, with particular strength in Asia. We look forward to collaborating with RYOSHO to secure additional orders that may potentially lead to design wins and/or custom development agreements,\" said Dan Brdar, President and Chief Executive Officer of Ideal Power.\nIdeal Power utilizes an asset-light business model leveraging the large investment already made in silicon processing, distribution, demand creation and support infrastructure. This business model allows the Company to continue focusing on disruptive B-TRAN™ technology improvements and commercialization while minimizing capital requirements.\nAbout Ideal Power Inc.\nIdeal Power (NASDAQ: IPWR) is pioneering the development and commercialization of its broadly patented bidirectional semiconductor power switch, creating highly efficient and ecofriendly energy control solutions for electric vehicle, electric vehicle charging, renewable energy, energy storage, UPS/data center, solid-state circuit breaker and other industrial and military applications. The Company is focused on its patented Bidirectional, Bipolar Junction Transistor (B-TRAN™) semiconductor technology. B-TRAN™ is a unique double-sided bidirectional AC switch that delivers substantial performance improvements over today's conventional power semiconductors. Ideal Power's B-TRAN™ can reduce conduction and switching losses, complexity of thermal management and operating cost in AC power switching and control circuitry. For more information, visit the Company's website...