Business
Ideal Power Announces Qualification of High-Volume Wafer Fabrication Supplier
AUSTIN, TX / ACCESSWIRE / June 20, 2023 / Ideal Power Inc. ("Ideal Power," the "Company," "we," "us" or "our") (Nasdaq:IPWR), pioneering the development and
About this update from Ideal Power Inc.
[{"type":"text","content":"AUSTIN, TX / ACCESSWIRE / June 20, 2023 / 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 announced the completion of qualification of a wafer fabrication supplier with high-volume production capability. Adding this supplier provides a high-quality source for device fabrication with ample capacity to support anticipated customer demand.B-TRAN™ commercial wafer fabrication supplier highlights:Successful completion of a multi-wafer full process flow engineering run demonstrated high wafer yield.Wafer testing results displayed excellent performance characteristics and minimal die-to-die variability.No special equipment was required for the run as it utilized standard silicon processing equipment and proven processes.Wafer fabrication supplier is already certified to the high standards required by the automotive industry, which is important to prospective automotive customers.Provides ample wafer fabrication capacity to support anticipated customer demand including the expected sales ramp starting in 2024.\"We are excited to celebrate this key milestone of qualifying a high-volume wafer foundry to provide wafer fabrication for the next phase of our automotive custom module program, our customer test and evaluation program and our SymCool™ Power Module,\" said Dan Brdar, President and Chief Executive Officer of Ideal Power. \"We remain on track to achieve our 2023 milestones, and we look forward to several announcements in the balance of 2023.\"We believe B-TRAN™ has the potential to displace conventional power semiconductor solutions in many applications. We are executing our B-TRAN™ commercialization roadmap in large markets including electric vehicles (\"EV\"), EV charging, renewable energy, energy storage, uninterruptible power supply (UPS) systems for data centers, solid-state circuit breakers, and motor drives.Ideal Power's patented semiconductor power switch, the B-TRAN™, can reduce power losses by 50% or more over conventional power switches, depending on the application. B-TRAN™'s higher efficiency results in less heat being generated and therefore significantly lower thermal management requirements, requiring significantly smaller ...