Ideal Power Sees Near-Term Revenue Potential with Industrial, EV Deals

Ideal Power Inc is focusing on industrial and data center applications, with near-term revenue expected from upcoming orders from Stellantis and expansion through global Tier 1 suppliers and Asian distribution partnerships. The company has secured its first design win customer and added four global Tier 1 automotive suppliers, with Stellantis set to place a purchase order for development work. A distribution partnership with Taiwan's Kaimei Electronic has also been signed.

Austin, Texas — Ideal Power Inc. (Nasdaq: IPWR), a developer and innovative provider of the highly efficient B-TRAN® bidirectional semiconductor power switch, reported its second quarter results for the period ended June 30, 2025. The company demonstrated significant progress in its commercial roadmap and secured key partnerships in the industrial and data center sectors.

Key highlights from the second quarter include:

- First Design Win Customer: The company's first design win customer is nearing completion of its B-TRAN®-enabled solid-state circuit breaker (SSCB) prototype testing. This customer is expected to launch its first B-TRAN®-enabled product later this year, with plans to expand its offerings to include a suite of B-TRAN®-enabled SSCBs with various power ratings.

- Automotive Industry Expansion: Ideal Power has entered into collaborations with four global Tier 1 automotive suppliers, including Stellantis. These partnerships aim to leverage B-TRAN® technology in low-loss, solid-state solutions for electric vehicle (EV) contactors. Stellantis has internally approved a purchase order for custom development and packaged B-TRAN® devices targeting multiple EV applications.

- Asia Distribution Partnership: Ideal Power signed a partnership with Taiwan's Kaimei Electronic Corp. to distribute its products in Asia, the world's largest market for power electronics. This strategic move is expected to accelerate the adoption of new technologies in the region.

- Financial Results: Cash used in operating and investing activities in the second quarter of 2025 was $2.5 million, compared to $2.2 million in the second quarter of 2024. Operating expenses in the second quarter of 2025 were $3.1 million, up from $2.9 million in the second quarter of 2024. The company reported a net loss of $3.0 million for the second quarter of 2025, compared to $2.7 million in the second quarter of 2024. Cash and cash equivalents totaled $11.1 million at June 30, 2025.

Dan Brdar, President and Chief Executive Officer of Ideal Power, stated, "Our first design win customer is nearing completion of their B-TRAN®-enabled solid-state circuit breaker (SSCB) prototype testing. Following their initial product rollout later this year, we anticipate this OEM will expand its offerings to include a suite of B-TRAN®-enabled SSCBs with a wide range of power ratings, presenting us with a significant revenue growth opportunity."

Ideal Power is actively engaged with Stellantis and other partners, working on automotive qualification and related requirements. The company expects to start initial sales ramp in the second half of 2025 and increase the power rating of its products.

The company will hold a conference call on Thursday, August 14, 2025, to discuss its results and host a question-and-answer session. Investors can access the live conference call by dialing 888-506-0062 (U.S./Canada callers) or 973-528-0011 (international callers), using passcode 422159.

For more information, visit the Company's website at www.IdealPower.com.

References:
[1] https://finance.yahoo.com/news/ideal-power-reports-second-quarter-132000669.html