AUSTIN,
Texas, Oct. 16, 2024 /PRNewswire/ -- Ideal Power
Inc. (Nasdaq: IPWR) ("Ideal Power," the "Company," "we," "us"
or "our"), pioneering the development and commercialization of the
highly efficient and broadly patented B-TRAN™ bidirectional
semiconductor power switch, today announces the start of
third-party automotive qualification and reliability testing of
B-TRAN™ devices.
"This is a significant milestone in our commercialization
roadmap as third-party automotive qualification and reliability
testing of B-TRAN™ is now underway. Demonstration of
compliance with automotive standards, the most stringent
reliability standards for power semiconductor devices, is expected
to accelerate the adoption of B-TRAN™ with large industrial
customers as well as automotive OEMs and Tier 1 automotive
suppliers," said Dan Brdar,
President and Chief Executive Officer of Ideal Power.
Ideal Power successfully performed a critical subset of
reliability testing of packaged B-TRAN™ devices in its lab and at a
third-party testing site to confirm our readiness for third-party
automotive qualification and reliability testing. This testing
focused on the reliability of packaged B-TRAN™ devices in extreme
environmental conditions and under high electrical and thermal
stress as well as blocking voltage and shock testing. All of the
tested devices packaged by our commercial packaging partner passed
these tests indicating a robust B-TRAN™ packaging design. As a
result, the Company engaged a third-party to commence full
automotive qualification and reliability testing.
The automotive qualification and reliability testing includes a
broader array of testing as required by automotive codes and
standards utilizing specified parameters and a wide range of test
conditions. The testing to achieve automotive qualification
requires over a thousand packaged B-TRAN™ devices from
multiple wafer runs. The process includes tens of thousands of
power cycles at various current levels, thermal cycling at extreme
temperature and humidity levels, blocking voltage and shock and
vibration testing, and visual inspection. These tests are designed
to expose B-TRAN™ to conditions that are intended to accelerate
failure mechanisms and demonstrate the long-term reliability of the
devices. Successful completion of B-TRAN™ automotive qualification
and reliability testing is expected in the first half of 2025.
About Ideal Power Inc.
Ideal Power (NASDAQ: IPWR) is pioneering the development and
commercialization of its broadly patented bidirectional
semiconductor power switch, creating highly efficient and
ecofriendly energy control solutions for electric vehicle, electric
vehicle charging, renewable energy, energy storage, UPS/data
center, solid-state circuit breaker and other industrial and
military applications. The Company is focused on its patented
Bidirectional, Bipolar Junction Transistor (B-TRAN™) semiconductor
technology. B-TRAN™ is a unique double-sided bidirectional AC
switch that delivers substantial performance improvements over
today's conventional power semiconductors. Ideal Power's B-TRAN™
can reduce conduction and switching losses, complexity of thermal
management and operating cost in AC power switching and control
circuitry. For more information, visit the Company's website at
www.IdealPower.com, on LinkedIn, on Twitter, and on Facebook.
Safe Harbor Statement
All statements in this release that are not based on historical
fact are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 and the provisions
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
While Ideal Power's management has based any forward-looking
statements included in this release on its current expectations,
the information on which such expectations were based may change.
Such forward-looking statements include, but are not limited to,
statements regarding the expected completion of B-TRAN™ automotive
qualification in the first half of 2025. These forward-looking
statements rely on a number of assumptions concerning future events
and are subject to a number of risks, uncertainties and other
factors, many of which are outside of our control that could cause
actual results to materially differ from such statements. Such
risks, uncertainties, and other factors include, but are not
limited to, the success of our B-TRAN™ technology, including
whether the patents for our technology provide adequate protection
and whether we can be successful in maintaining, enforcing and
defending our patents, our inability to predict with precision or
certainty the pace and timing of development and commercialization
of our B-TRAN™ technology, including the timing of the completion
of our wafer fabrication runs with our semiconductor fabrications
partners, the rate and degree of market acceptance for our B-TRAN™,
the impact of global health pandemics on our business, supply chain
disruptions, and the expected performance of future products
incorporating our B-TRAN™, and uncertainties set forth in our
quarterly, annual and other reports filed with the Securities and
Exchange Commission. Furthermore, we operate in a highly
competitive and rapidly changing environment where new and
unanticipated risks may arise. Accordingly, investors should not
place any reliance on forward-looking statements as a prediction of
actual results. We disclaim any intention to, and undertake no
obligation to, update or revise forward-looking statements, except
as required by applicable law.
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SOURCE IDEAL POWER INC.