Ideal Power's Breakthrough: First Design Win for Solid-State Circuit Breakers

Ideal Power Inc. (IPWR) has made a significant stride in the solid-state circuit breaker (SSCB) market with its first design win. The company has secured a partnership with a major Asian circuit protection equipment manufacturer, marking a crucial milestone for B-TRAN® technology. This design win not only validates the technical superiority of B-TRAN® but also opens up new revenue streams for Ideal Power.

The joint development agreement for an SSCB product incorporating multiple B-TRAN® devices targets completion in Q2 2025, with commercial sales following later that year. The opportunity from this customer's first B-TRAN®-based product could potentially translate to revenue of several hundred thousand dollars in the first year of sales, with the opportunity to exceed a million dollars in the second year of sales. The customer, which currently sells over 200,000 circuit breakers annually in Asia, selected B-TRAN® over SiC MOSFETs due to its ultra-low conduction losses and inherent bidirectionality.



B-TRAN®'s ultra-low conduction loss and inherent bidirectionality give it a significant edge over SiC MOSFETs in solid-state circuit breakers. B-TRAN®'s conduction losses are 50% lower than SiC MOSFETs, leading to higher efficiency and reduced operating costs. Additionally, B-TRAN®'s bidirectionality allows for simpler and more cost-effective circuit designs, as it can handle both forward and reverse currents without additional components. This results in a more compact and reliable SSCB, making B-TRAN® an attractive choice for industrial, utility, and military applications.



The projected revenue growth trajectory for this product aligns well with Ideal Power's overall financial goals and market expectations. The initial product is expected to generate revenue of several hundred thousand dollars in the first year, with the potential to exceed $1 million in the second year. This trajectory is in line with the company's target of achieving $1 billion in revenue by 2025. The customer's projection of a million units per year in sales further supports the company's growth goals.

The design win for solid-state circuit breakers (SSCBs) is a significant milestone for Ideal Power, validating the technical superiority of its B-TRAN® technology. This partnership with a major Asian circuit protection manufacturer demonstrates market confidence in Ideal Power's innovative solution. The initial product development timeline targeting Q2 2025 is aggressive but realistic, with potential revenue of $1+ million in the second year of sales. The projected scale of 1 million units per year based on customer forecasts indicates strong market potential. This design win could have a positive impact on Ideal Power's stock price and market capitalization, as it opens up new revenue streams and solidifies the company's position in the solid-state switchgear market, estimated at $1 billion.

In conclusion, Ideal Power's first design win for solid-state circuit breakers is a testament to the company's innovative technology and market potential. As B-TRAN® continues to gain traction in the industry, Ideal Power is well-positioned to capitalize on the growing demand for efficient and reliable power solutions.