Ideal Power Inc. announced a European-based global power conversion and energy storage supplier with over $500 million in annual sales entered into an agreement with Ideal Power to test and evaluate B-TRAN? power semiconductors for its static switches in data center UPS systems, solar inverters, and energy storage products. Their focus is on improving energy efficiency in these products to reduce operating costs for their customers.

Ideal Power plans to continue adding potential customers to the test and evaluation program. The program is expected to remain an embedded process in the Company's sales and marketing effort and a source of input for its next generation of products. The Company's outreach continues to generate significant new interest resulting in inquiries from potential customers about B-TRAN?, the SymCool?

power module and participation in the test and evaluation program. Ideal Power's patented semiconductor power switch, the B-TRAN?, can reduce 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.