Ideal Power Adds Global Circuit Protection Supplier To Its B-TRAN Test And Evaluation Program
Portfolio Pulse from Benzinga Newsdesk
Ideal Power Inc. (NASDAQ:IPWR) has entered into an agreement with a global leader in circuit protection, industrial fuses, and power conversion electronics to test and evaluate its B-TRAN bidirectional semiconductor power switch. This collaboration aims to explore B-TRAN's application in various industrial markets such as renewable energy, energy storage, rail/transportation, and electric vehicle (EV) power management. The partnership could lead to design wins or a customer development agreement, leveraging B-TRAN's advantages in efficiency and system cost reduction.
May 07, 2024 | 1:28 pm
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Ideal Power Inc. partners with a global circuit protection supplier to test and evaluate B-TRAN technology for potential use in renewable energy, EV power management, and other industrial applications.
The partnership with a global leader in circuit protection and power conversion could significantly enhance Ideal Power's market position and product offerings. Testing and evaluating B-TRAN technology in various industrial applications, especially in renewable energy and EV power management, highlights the potential for increased efficiency and reduced system costs. This collaboration may lead to design wins or customer development agreements, positively impacting Ideal Power's revenue and growth prospects in the short term.
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