Ideal Power reports Q4 EPS (21c) vs. (29c) last year

“We’re excited to have signed two new customer agreements for the development of B-TRAN-enabled solutions addressing focus applications that span solid-state circuit protection for data centers, renewable energy and energy storage systems, grid, electric vehicles and charging infrastructure,” said David Somo, President and CEO of Ideal Power (IPWR). “We detailed the company’s strategy, commercial opportunities, priorities and expectations on our recent Business Update Webcast Call. It’s a plan designed to accelerate commercialization and deliver increased value to our shareholders and our customers. Now that we have set out a clear path, our focus is on disciplined execution.”