Ideal Power (NASDAQ: IPWR) announced a definitive agreement with institutional investors for a $30 million registered direct offering priced at the market under Nasdaq rules, with proceeds expected to support commercialization of its B-TRAN(R) bidirectional semiconductor power switch, including customer design-ins, custom development programs and initial production ramp efforts with strategic partners. Titan Partners, a division of American Capital Partners, is acting as sole placement agent for the financing, which the company said strengthens its balance sheet as it pursues growing opportunities tied to power efficiency demand across data center and industrial markets.
To view the full press release, visit https://nnw.fm/a6Jjz
About Ideal Power Inc.
Ideal Power (NASDAQ: IPWR) is the developer and provider of its innovative and widely patented B-TRAN(R) bidirectional semiconductor power switch. B-TRAN(R) offers compelling advantages over conventional technologies and addresses the demanding standards of today’s solid-state circuit protection and intelligent power delivery systems. It features very low conduction losses that deliver improved power efficiency, thereby reducing energy consumption and providing cost savings. The unique bidirectional capability of B-TRAN(R) simplifies the design, control and diagnostics of solid-state power solutions while enabling smaller, lower cost systems. B-TRAN(R) delivers compelling advantages for a broad spectrum of applications including solid-state circuit breakers, static transfer switches, battery disconnect units and EV contactors that are widely used in data centers, industrial power systems, energy grid and storage systems, and electric vehicles and charging infrastructure.
To learn more, visit https://idealpower.com/
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