Ideal Power Inc. (IPWR) Q2 2021 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen, and welcome to the Ideal Power Second Quarter 2021 Results Conference Call. Today's conference is being recorded. At this time, I'll turn the conference over to Carolyn Capaccio of LHA. Please go ahead. Thanks, Keith, and good afternoon, everyone. Thank you for joining Ideal Power's Second Quarter 2021 Conference Call. With me on the call are Dan Berdar, President and Chief Executive Officer, and Tim Burns, Chief Financial Officer. Ideal Power's second quarter 2021 financial results press release is available on the company's website at idealpower.com. Before we begin, I'd like to remind everyone that statements made on the call and webcast, including those regarding future financial results and industry prospects, are forward-looking and may be subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the call. Please refer to the company's SEC filings for a list of associated risks. We would also refer you to the company's website for more supporting industry information. Now I'll turn the call over to Ideal Power's President and CEO, Dan Burdar. Dan? Thank you, Carolyn. Good afternoon, everyone, and welcome to our second quarter 2021 financial results conference call. I'll begin by giving you an update on our progress and our achievements on our strategy to commercialize our B-TRAN semiconductor architecture technology, including progress on our objectives for 2021, which include the engagement of potential customers to test and evaluate V-TRAN, and the completion of multiple fabrication runs for the NAVSEA program, leading to a full-scale circuit breaker demonstration in mid-2022. Then Tim Burns, our CFO, will take you through the numbers, and then we'll take your qu...