EXCLUSIVE: Ideal Power Secures Global Distribution Deal with RYOSHO USA
Portfolio Pulse from Anusuya Lahiri
Ideal Power Inc (NASDAQ:IPWR) has entered into a global distribution agreement with RYOSHO USA, a subsidiary of RYODEN CORP. This deal includes orders from a large global customer for Ideal Power's solid-state circuit protection products. The partnership leverages RYOSHO's strong technical sales team and global reach, particularly in Asia. Ideal Power's asset-light business model allows it to focus on B-TRAN technology improvements while minimizing capital requirements. Following the announcement, IPWR stock closed higher by 3.06% at $7.08 on Wednesday.
August 08, 2024 | 1:05 pm
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Ideal Power Inc (NASDAQ:IPWR) has secured a global distribution deal with RYOSHO USA, which includes orders from a large global customer. This partnership leverages RYOSHO's technical sales expertise and global reach, particularly in Asia. The deal supports Ideal Power's asset-light business model, allowing it to focus on B-TRAN technology improvements while minimizing capital requirements. Following the announcement, IPWR stock closed higher by 3.06% at $7.08 on Wednesday.
The global distribution deal with RYOSHO USA is a significant development for Ideal Power, as it includes orders from a large global customer and leverages RYOSHO's technical sales expertise and global reach. This partnership supports Ideal Power's asset-light business model and focus on B-TRAN technology improvements, which is likely to positively impact the company's stock price in the short term.
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