Ideal Power Inc. · NASDAQ:IPWR
Ideal Power — Investor Presentation (November 2019)
16 slides from Ideal Power's investor presentation, Nov 8, 2019
Slide 1: Investor Presentation November 2019
Investor Presentation November 2019
Slide 2: Safe Harbor
Safe Harbor 2 All statements in this presentation that are not based on historical fact are "forward looking statements." While management has based any forward looking statements included in this presentation on its current expectations, the information on which such expectations were based may cha
Slide 3: Investment Highlights
Investment Highlights 3 Disruptive Semiconductor Architecture Technology Significant Cost, Size & Efficiency Improvements Recently Validated Electrical Performance Substrate Agnostic – Silicon, SiC, GaN Broad Patent Estate – 47 Issued & 36 Pending Low Burn with Intense Focus on Signing Initial Licen
Slide 4: Electric Power Switching is Required Everywhere
Electric Power Switching is Required Everywhere 4 Pool Pump Controls Water Heater Control HVAC Fan/ Compressor Controls Stove Controls Washer/Dryer Controls Solar Cell Power Converter HVAC Compressor/ Heater/Fan Controls Welder Power Switches Belt Drive Controls Factory Monitor/ Safety Controls Robo
Slide 5: Will Address Most Power Switching Needs
B - TRAN Will Address Most Power Switching Needs ▪ B - TRAN is a proprietary semiconductor power switch ▪ B - TRAN architecture has 3 compelling advantages – Bi - directional switching – Smaller, more compact designs – Lower losses = lower user costs ▪ First parts are being fabricated using mature s
Slide 6: Validated Electrical Performance
6 Simulation Simulation Measured* Next Generation Configuration PNP PNP NPN Breakdown Voltage (V) >1200 1240 1360 On - state Voltage (V) 0.25 0.22 0.2 Gain 2.1 2.2 6.1 Bi - directional Operation Predicted Confirmed conduction in both directions Predicted * Results of multiple device/multiple wafer t
Slide 7: Bi-directional Switching
B - TRAN Bi - directional Switching ▪ B - TRAN replaces 4 devices in a bi - directional switch ▪ Effective forward drop <0.65 V 7 Conventional IGBT Switch B - TRAN Conduction losses ~ 5x better than IGBT + blocking diode 1200 V bi - directional B - TRAN Typical voltage drop = 0.2 V B - TRAN die + 0.
Slide 8: Will Deliver Important Operating Cost Reductions
Example: B - TRAN Will Deliver Important Operating Cost Reductions IGBT Power Switches B - TRANs 8
Slide 9: IGBT Market
IGBT Market 9 ▪ Current $4.9B IGBT market going to $7.4B by 2022 ▪ 10.6% projected CAGR ▪ EV/HEV segment projected to grow to nearly 50% in 2022 21.9% 17.1% 10.2% 7.3% 16.4% 12.6% 7.4% 7.0% Commercial Other EV/HEV Renewables UPS Rail Motor Drives Industrial
Slide 10: Economic Driver for use in Data Centers
Economic Driver for B - TRAN use in Data Centers 10 ▪ All power for data center servers goes through a UPS system ▪ US data centers consume 73 billion kWh 2020 with > 13% loss ▪ UPS systems represent 6% of data center total energy losses 1 ▪ For a large commercial data center, improving UPS efficien
Slide 11: Highly Focused Strategy
Highly Focused Strategy 11 Develop Technology Fabricate Parts / Engage Customers License Technology □ Currently working with fabrication partners to manufacture packaged parts for bench testing □ Deliver samples to top priority UPS datacenter customers in Q1 2020 and engage with their technical team
Slide 12: Market Entry Approach for Data Centers
Market Entry Approach for Data Centers 12 ▪ Provide B - TRANs to established UPS providers ▪ Leverages rapidly growing market participants ▪ B - TRAN enables low conduction loss/high efficiency UPS ▪ Creates high value product/quick payback for data center operators ▪ UPS providers have high level p
Slide 13: Sustainable Competitive Advantage: Silicon now, Silicon Carbide next
Sustainable Competitive Advantage: Silicon now, Silicon Carbide next Performance Metric Si (Measured/Modeling Results) SiC (Modeling Results) Bi - directionality Yes Same Switching off speed 200 n sec ~ 5x faster Conduction losses 0.65V @ 100 amps 0.9V @ 100 amps (1.4x greater) Maximum operating vol
Slide 14: Ideal Power's IP
Ideal Power’s IP 14 The patents cover: ▪ B - TRAN device architecture ▪ Control methodologies and techniques ▪ Double - sided device manufacturing techniques ▪ Applications specific uses of B - TRAN Region Issued Patents Pending Patents North America 35 7 Asia Pacific 4 20 Europe 8 9 TOTAL 47 36
Slide 15: Financial Overview
Financial Overview 15 Equity Offering Provides Cash Runway Into 2021 Cash Capitalization 1 Excludes any benefit from future grant income 2 Assumes $3.5mm offer size net of offering expenses (2) • Pro forma cash burn of ~$220k / month (1) Basic Shares Outstanding 1,474,001 Options (1) 169,980 Warrant
Slide 16: Thank you!
Thank you! Ideal Power Inc. 4120 Freidrich Lane, Suite 100 Austin, TX 78744 (512) 264 - 1542 investors@idealpower.com