Ideal Power Announces Orders From Global Tier 1 Automotive Supplier, A NYSE Listed Company; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Ideal Power Inc. (NASDAQ:IPWR) has received orders from a global Tier 1 automotive supplier, which is a NYSE-listed company. The orders include B-TRAN™ devices and other components for EV applications. This marks a significant addition to Ideal Power's customer base in the EV market.
October 31, 2024 | 1:23 pm
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Ideal Power Inc. has secured orders from a global Tier 1 automotive supplier, enhancing its position in the EV market with its B-TRAN™ technology.
The orders from a major automotive supplier indicate strong demand for Ideal Power's B-TRAN™ technology, likely boosting investor confidence and potentially driving up the stock price.
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