Ideal Power Makes Waves with B-TRAN™ Tech and New Partnerships

Ideal Power Inc. , a company dedicated to revolutionizing power switches, has shared its Q3 2024 achievements. Their star product, the B-TRAN™ bidirectional semiconductor power switch, is catching the eye of big players in electric vehicles and renewable energy. The company has been busy collaborating with major automakers like Stellantis and landing orders from top-tier automotive suppliers. They've also boosted the current rating of their SymCool® power module and added more patents to their collection.Despite spending $2. 4 million on operations and investments, Ideal Power reported a net loss of $2. 7 million for the quarter. But they're not letting that slow them down. They're gearing up to start Phase III of their program with Stellantis and are committed to creating value for shareholders through smart partnerships and innovative products.