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Ideal Power Commences Customer Shipments to B-TRAN(TM) Test and Evaluation Program Participants
AUSTIN, TX / ACCESSWIRE / July 19, 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 / July 19, 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, commenced B-TRAN™ customer shipments to test and evaluation program participants.B-TRAN™ customer shipments include multiple packaged B-TRAN™ devices, a device driver, and a power test board housed in a safety enclosure to facilitate and accelerate the evaluation process. Through the test and evaluation program, Ideal Power will gather valuable feedback on customers' application-specific product requirements, potentially secure product development or other commercial agreements, and refine the Company's product roadmap.\"We are excited to ship devices and evaluation kits to the large companies participating in our test and evaluation program,\" said Dan Brdar, President and Chief Executive Officer of Ideal Power. \"These are the first of many expected B-TRAN™ shipments to test and evaluation program participants in 2023. We utilized wafers from our high-volume wafer fabrication supplier for the packaged B-TRAN™ devices and additional wafer runs are already underway with this supplier to support future deliveries under this program as well as initial production of our SymCool™ power module. In addition, we shipped all of the items related to our first half 2023 milestones and remain on track to achieve our remaining 2023 milestones,\" concluded Brdar.Kits were shipped to participants in the test and evaluation program including a top 10 global automaker, a global Tier 1 automotive supplier, a leading provider in the solar industry and a Global 500 power management company with additional kits to follow for current and new program participants.Ideal Power plans to continue adding potential customers to the test and evaluation program. The program is expected to remain an embedded process in the Company's sales and marketing effort and a source of input for its next generation of products. The Company's outreach continues to generate significant new interest resulting in inquiries from potential customers about B-TRAN™ and participation in the test and evaluation program.Ideal Power's patented semiconductor power switch, the B-TRAN™, can reduce power losses...