PRISM EV: Ideal Power Receives Orders from Global Tier 1 Auto Supplier
    PRISM EV: Ideal Power Receives Orders from Global Tier 1 Auto Supplier
    PRISM View

    November 01, 2024 at 11:07 am - by Ashlee Vogenthaler

    PRISM EV: Ideal Power Receives Orders from Global Tier 1 Auto Supplier

    01 November 2024

    New York, November 01, 2024 - PRISM MarketView - Ideal Power Inc. (IPWR) a pioneer in developing and commercializing the highly efficient B-TRAN™ bidirectional semiconductor power switch, announced today that it has received orders from a global Tier 1 automotive supplier listed on the NYSE. This new customer, a prominent supplier of sensors and electrical protection components for automotive electrification and electric vehicles (EVs), marks the latest addition to Ideal Power’s portfolio of Tier 1 suppliers targeting the EV sector.
    Ideal Power Inc. - Prism MarketView

    Ideal Power Inc. - Prism MarketView

    Ideal Power (NASDAQ: IPWR) is pioneering the development of its broadly patented bidirectional power switches, creating highly efficient and ecofriendly energy

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    The Company has been engaging with this Tier 1 auto supplier to demonstrate the benefits of B-TRAN™ technology for EV applications. As a result, the supplier has ordered multiple discrete B-TRAN™ devices, a SymCool® power module, a solid-state circuit breaker evaluation board, and a driver for potential use in solid-state EV contactor applications.

    “We’re excited to see another global Tier 1 automotive supplier investing in B-TRAN™ products to deliver cost-effective, efficient semiconductor solutions to their OEM customers. We’re also progressing with other Tier 1 auto suppliers in our pipeline, aiming to secure additional orders, custom development agreements, and design wins. Our success with Stellantis has been instrumental in attracting these new engagements.”

    Dan Brdar, President and CEO of Ideal Power

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