- Ideal Power signed various market leaders from different industries to its test and evaluation program.
- The company completed the deliverables for the Phase 1 Small Business Innovation Research grant issued by the Department of Energy (DoE) for its B-TRAN™-enabled solid-state circuit breaker.
- Ideal Power’s current cash position of $23.2 million is expected to support its operations for at least the next two years and negates any immediate dilution requirement.
- The company appointed two new independent directors, Drue Freeman and Greg Knight, adding significant semiconductor experience and relationships in key target markets.
- By hiring the two new independent directors, the Company is now back in compliance with NASDAQ.
For further details see:
Ideal Power: Progressing Toward Commercialization