EXCLUSIVE: Ideal Power Secures Major Order for Advanced Power Modules, Eyes Early Sales Surge

On Tuesday, Ideal Power Inc IPWR announced receiving an order for SymCool power modules and drivers from one of the two Forbes Global 500 leaders in diverse power management markets in Ideal Power's B-TRAN test and evaluation program.

"This global customer is evaluating SymCool for use in its bidirectional solid-state circuit breaker products for diverse industrial markets," Ideal Power CEO Dan Brdar stated. "We expect industrial markets to be the earliest source of our sales ramp beginning in the second half of 2024."

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This global power management market leader is evaluating SymCool against IGBT modules for use in solid-state circuit breaker (SSCB) applications. 

The order for SymCool power modules follows the customer's testing of discrete B-TRAN devices as part of the B-TRAN test and evaluation program. 

Why Does It Matter? Testing confirmed that the B-TRAN technology packaged into the multi-die SymCool power module has significantly lower conduction losses compared to conventional power semiconductors such as IGBTs, an advantage that is even more pronounced in bidirectional applications. 

In addition to energy savings, this improved efficiency also results in lower cost and less complex cooling systems, benefits that significantly impact the economics of OEM products such as SSCBs.

In response to this customer's requests, Ideal Power provided high-volume quotes for SymCool power modules. This customer may also evaluate its technology for its other power conversion applications.

Price Action: IPWR shares are trading lower by 11.20% at $6.95 at the last check on Tuesday.

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