iPower’s move to shift production stateside is intended to reduce its reliance on overseas manufacturing, thereby helping to minimize risks such as shipping delays and cost volatility.
Ideal Power Inc announced a joint development agreement for an SSCB product with a leading Asian circuit protection equipment manufacturer targeting completion in 2nd quarter of 2025 and potential for million dollars in revenue.
Ideal Power Inc (NASDAQ: IPWR) partners with Sekorm Advanced Technology to distribute its products in China, the world's largest market for power semiconductors.
RYOSHO to distribute Ideal Power's products globally. Orders already placed by a large global customer. Ideal Power utilizes asset-light business model.
Ideal Power Inc (NASDAQ:IPWR) reported first-quarter FY24 commercial revenue of $78,739, a notable increase from zero last year. Operating expenses fell to $2.5 million from $2.6 million. The company completed a public offering, raising $15.7 million, and held $20.2 million in cash by March 31, 2024, with no outstanding long-term debt. Ideal Power expects its SymCool power module to drive early sales in industrial markets.
Ideal Power Inc (NASDAQ: IPWR) partners with Richardson Electronics to distribute its products globally, including B-TRAN device and SymCool power module.
Ideal Power completed Phase II of a partnership with Stellantis to develop a B-TRAN power module for use in electric vehicles, with potential for wider adoption in the automotive industry.
