Profile

Business Description

Ideal Power Inc. (NASDAQ: IPWR) has developed a novel, patented power conversion technology called Power Packet Switching Architecture™ (PPSA). PPSA improves the size, cost, efficiency, flexibility and reliability of electronic power converters. PPSA can scale across several large and growing markets, including solar photovoltaic generation, electrified vehicle charging, and commercial grid storage. Ideal Power also has a licensing-based, capital-efficient business model that can enable it to address these markets simultaneously. Ideal Power has won multiple grants for its PPSA technology, including a $2.5 million grant from the Department of Energy's Advanced Research Projects Agency - Energy program, and market leading customers are incorporating PPSA as a key component of their systems.

Company Info

Address:
4120 Freidrich Lane
Suite 100
Austin, TX 78744 US

Telephone:
(512) 264-1542

Email:
investors@idealpower.com

Industry Classifications

Sector:
Industrial Goods

Industry:
Industrial Electrical Equipment

NAICS:
335999 All Other Miscellaneous Electrical Equipment and Component Manufacturing

SIC:
3629 Electrical Industrial Apparatus