Ideal Power collaborating with fourth global Tier 1 automotive supplier

Ideal Power (IPWR) is collaborating with a fourth global Tier 1 automotive supplier that serves several top 10 global automotive OEMs. Ideal Power is engaged with multiple engineering teams of this global Tier 1 automotive supplier on the use of B-TRAN-enabled contactors as a potential replacement for electromechanical contactors in electric vehicle and hybrid EV applications. Contactors are a vital safety feature to control high-current and high-voltage loads to and from the battery. B-TRAN-enabled solid-state contactors act orders of magnitude faster than electromechanical breakers, thereby eliminating arcing and improving safety, and are more reliable as they do not include physical contacts subject to wear. The company believes that, within the next five years, solid-state contactors will surpass electromechanical contactors in the EV market.