Ideal Power Announces Order For SymCool Power Modules From Forbes Global 500 Power Management Market Leader; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Ideal Power Inc. (IPWR) received an order for SymCool power modules from a Forbes Global 500 power management market leader, part of its B-TRAN test and evaluation program. The modules, offering lower conduction losses and improved efficiency over IGBTs, are being evaluated for use in solid-state circuit breaker products for industrial markets. Ideal Power expects sales to ramp up in the second half of 2024 and has provided high-volume quotes for these modules.
April 30, 2024 | 1:29 pm
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Ideal Power Inc. received an order for its SymCool power modules from a leading power management company, indicating potential growth and market acceptance of its B-TRAN technology.
The order from a Forbes Global 500 company not only validates Ideal Power's technology but also signals potential future growth, especially as the company anticipates a sales ramp in the second half of 2024. This partnership could lead to increased visibility and adoption of Ideal Power's products in the power management market, positively impacting its stock price in the short term.
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