“We are very excited to announce the first test and evaluation agreement of B-TRAN™ by a Tier 1 automotive supplier for potential adoption in its EV sub-systems. This agreement builds on our custom module development with a Top 10 global automaker,” said
Brdar continued, “B-TRAN™ has the potential to displace conventional power semiconductor solutions in many applications. We are executing our B-TRAN™ commercialization roadmap in large markets including EV, EV charging, renewable energy and energy storage, uninterruptible power supply (UPS) systems for data centers, and solid-state circuit breakers.”
B-TRAN™ potentially offers distinct advantages over other technologies in EV applications. After batteries, power semiconductors are the second largest cost component of an EV and typically make up 8-10% of the total electric vehicle production cost. While SiC-based devices improve efficiency over traditional silicon-based semiconductors, their very high cost compared to silicon-based devices adds to the cost challenges of EVs. B-TRAN™ offers a lower cost alternative to SiC devices to improve efficiency and vehicle range. In addition to these benefits, B-TRAN™ offers a clear roadmap to incorporate the benefits of silicon carbide as its cost and manufacturability profile improves over time.
Ideal Power’s patented semiconductor power switch, the Bidirectional Bipolar Junction Transistor, or B-TRAN™, reduces power losses by 50% or more over conventional power switches, depending on the application. B-TRAN™’s higher efficiency results in less heat being generated and therefore significantly lower thermal management requirements, requiring significantly smaller surface area to dissipate heat and giving rise to potentially smaller original equipment manufacturer products. B-TRAN™ offers the industry’s only symmetric bidirectional operation, reducing the number of components required for an application by 75% compared to a conventional bidirectional switch utilizing IGBTs and diodes. This highly efficient and unique symmetric operation provides a strong competitive advantage in bidirectional applications, which are growing rapidly as transportation electrifies and power generation shifts to renewable energy coupled with energy storage. For more information on B-TRAN™, visit here.
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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 potential adoption of B-TRAN™ by customers and the timing of testing of our products. 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
Ideal Power Investor Relations Contact:
703-297-6917
jchristensen@darrowir.com
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