Investor Presentation March 2022 Safe Harbor All statements in this presentation that are not based on historical fact are "forward looking statements." While management has based any forward looking statements included in this presentation on its current expectations, the information on which such expectations were based may change. 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 a ...

[PART I FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20FINANCIAL%20INFORMATION) This section details the company's financial statements, management's analysis, market risk disclosures, and internal controls [Condensed Financial Statements](index=4&type=section&id=Item%201.%20Condensed%20Financial%20Statements) The company's financial position significantly strengthened by September 30, 2021, driven by a public offering that increased cash to $24.5 million, while net loss improved by 50% to $3.3 million due to non-recurring expenses in the prior year [Balance Sheets](index=4&type=section&id=Balance%20Sheets) The balance sheet reflects a substantial increase in assets and equity, primarily driven by a significant cash infusion from financing activities - Total assets increased dramatically to **$27.3 million** as of September 30, 2021, from **$5.1 million** at December 31, 2020, primarily driven by a surge in cash and cash equivalents from **$3.2 million to $24.5 million**, resulting from financing activities during the period[11](index=11&type=chunk) - Total stockholders' equity saw a substantial increase to **$25.3 million** from **$3.8 million**, mainly due to the issuance of common stock and additional paid-in capital from a public offering and warrant exercises[11](index=11&type=chunk) Balance Sheet Summary (in thousands) | Account | Sep 30, 2021 (Unaudited) | Dec 31, 2020 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $24,488 | $3,157 | | Total current assets | $24,850 | $3,446 | | Total assets | $27,285 | $5,132 | | **Liabilities & Equity** | | | | Total current liabilities | $741 | $660 | | Total liabilities | $1,983 | $1,303 | | Total stockholders' equity | $25,302 | $3,829 | | **Total Liabilities & Equity** | **$27,285** | **$5,132** | [Statements of Operations](index=5&type=section&id=Statements%20of%20Operations) The statements of operations show zero gross profit from grant revenue, with a reduced net loss for the nine months ended September 30, 2021, due to non-recurring prior-year expenses - All revenue for the reported periods was grant revenue, which was fully offset by the cost of grant revenue, resulting in **zero gross profit**[13](index=13&type=chunk) - The net loss for the nine months ended September 30, 2021, was **$3.35 million**, a significant improvement from the **$6.66 million** loss in the same period of 2020, primarily attributable to a **$3.72 million** warrant inducement expense recorded in 2020 that did not recur in 2021, and a **$91,407** gain on forgiveness of long-term debt in 2021[13](index=13&type=chunk) Statements of Operations Summary (in thousands) | Metric | Q3 2021 | Q3 2020 | 9 Months 2021 | 9 Months 2020 | | :--- | :--- | :--- | :--- | :--- | | Grant Revenue | $121 | $148 | $448 | $154 | | Gross Profit | $0 | $0 | $0 | $0 | | Total Operating Expenses | $1,234 | $1,173 | $3,434 | $2,935 | | Loss from Operations | $(1,234) | $(1,173) | $(3,434) | $(2,935) | | Net Loss | $(1,239) | $(4,895) | $(3,350) | $(6,658) | | Net Loss Per Share | $(0.20) | $(1.28) | $(0.57) | $(2.04) | [Statements of Cash Flows](index=6&type=section&id=Statements%20of%20Cash%20Flows) Cash flows indicate increased operating cash usage, significantly offset by substantial cash provided from financing activities, primarily a public offering - Net cash used in operating activities was **$3.0 million** for the first nine months of 2021, compared to **$2.3 million** in the same period of 2020[16](index=16&type=chunk) - Financing activities provided a significant cash inflow of **$24.5 million** in the first nine months of 2021, primarily from **$21.2 million** in net proceeds from a common stock issuance and **$3.3 million** from the exercise of options and warrants, a substantial increase from the **$3.1 million** provided by financing activities in the prior-year period[16](index=16&type=chunk) Cash Flow Summary for Nine Months Ended Sep 30 (in thousands) | Cash Flow Activity | 2021 | 2020 | | :--- | :--- | :--- | | Net Cash Used in Operating Activities | $(2,993) | $(2,304) | | Net Cash Used in Investing Activities | $(183) | $(48) | | Net Cash Provided by Financing Activities | $24,506 | $3,063 | | **Net Increase in Cash** | **$21,330** | **$712** | [Notes to Unaudited Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Financial%20Statements) Key notes detail the company's focus on B-TRAN™ technology, the forgiveness of a PPP loan, and proceeds from a February 2021 public offering - The company is solely focused on the development and commercialization of its B-TRAN™ solid state switch technology and has financed its operations primarily through the sale of common stock and warrants[21](index=21&type=chunk)[22](index=22&type=chunk) - In May 2021, the Small Business Administration (SBA) approved the full forgiveness of the company's **$91,407** Paycheck Protection Program (PPP) loan, including accrued interest, which was recognized as a gain in the financial statements[32](index=32&type=chunk) - In February 2021, the company raised net proceeds of **$21.2 million** through an underwritten public offering of 1,352,975 shares of common stock at **$17.00 per share**[45](index=45&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=19&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the increased loss from operations to higher R&D and sales & marketing expenses, while liquidity significantly improved due to a $21.2 million public offering [Results of Operations](index=20&type=section&id=Results%20of%20Operations) Operational results show increased R&D and sales & marketing expenses, leading to a higher loss from operations, though net loss decreased due to non-recurring items - For Q3 2021 vs Q3 2020, R&D expenses increased by **22%** due to higher contract labor for device development, and sales and marketing expenses rose significantly from **$20 thousand to $128,248** due to the hiring of a VP of Business Development and efforts to commercialize B-TRAN™ technology[68](index=68&type=chunk)[70](index=70&type=chunk) - For the nine months ended Sep 30, 2021 vs 2020, R&D expenses increased by **23% ($264,512)** and sales & marketing expenses increased from **$20 thousand to $302,859**, leading to a **17%** increase in the loss from operations[77](index=77&type=chunk)[79](index=79&type=chunk)[80](index=80&type=chunk) - The net loss for the nine months ended Sep 30, 2021, decreased by **50%** compared to the prior year period, primarily due to a non-recurring **$3.7 million** warrant inducement expense in 2020 and a **$91,407** gain on PPP loan forgiveness in 2021[81](index=81&type=chunk)[82](index=82&type=chunk) [Liquidity and Capital Resources](index=22&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity significantly improved with a strong cash position and no outstanding debt, primarily due to proceeds from a public offering and PPP loan forgiveness - As of September 30, 2021, the company had a strong liquidity position with **$24.5 million** in cash and cash equivalents and **$24.1 million** in net working capital, with **no outstanding debt**[83](index=83&type=chunk) - The company's cash position was primarily bolstered by **$24.5 million** in net cash provided by financing activities in the first nine months of 2021, which included **$21.2 million** from a public offering and **$3.3 million** from the exercise of warrants and stock options[87](index=87&type=chunk)[91](index=91&type=chunk) - In May 2021, the SBA approved the forgiveness of the company's **$91,407** PPP loan, which was obtained in May 2020[88](index=88&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=26&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is a smaller reporting company and is not required to provide this information - As a smaller reporting company, Ideal Power Inc. is not required to provide quantitative and qualitative disclosures about market risk[96](index=96&type=chunk) [Controls and Procedures](index=26&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, evaluated the company's disclosure controls and procedures and concluded they were effective as of September 30, 2021, with no material changes in internal controls over financial reporting during the quarter - The company's management, including the CEO and CFO, concluded that disclosure controls and procedures were **effective** as of September 30, 2021[97](index=97&type=chunk) - No material changes in internal controls over financial reporting occurred during the quarter ended September 30, 2021[98](index=98&type=chunk) [PART II OTHER INFORMATION](index=27&type=section&id=PART%20II%20OTHER%20INFORMATION) This section covers legal proceedings, risk factors, unregistered sales of equity securities, and a list of exhibits filed with the report [Legal Proceedings](index=27&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently a party to any legal proceedings - The company is not currently involved in any legal proceedings[102](index=102&type=chunk) [Risk Factors](index=27&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes from the risk factors previously disclosed in the company's 2020 Annual Report on Form 10-K - No material changes have been made to the risk factors disclosed in the 2020 Annual Report on Form 10-K[103](index=103&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=27&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) There were no unregistered sales of equity securities during the period - None reported for the period[104](index=104&type=chunk) [Exhibits](index=28&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including officer certifications and XBRL data files - The report includes certifications from the Principal Executive Officer and Principal Financial Officer as required by the Sarbanes-Oxley Act of 2002, along with Inline XBRL documents[109](index=109&type=chunk)

Ideal Power Inc. (NASDAQ:IPWR) Q3 2021 Earnings Conference Call November 10, 2021 4:30 PM ET Company Participants Carolyn Capaccio - Investor Relations Daniel Brdar - President and Chief Executive Officer Timothy Burns - Chief Financial Officer Conference Call Participants Don Slowinski - Winslow Asset Group Operator Good day, and welcome to the Ideal Power Third Quarter 2021 Results Conference Call. Today’s conference is being recorded. At this time, I would now like to turn the conference over to Carolyn ...

IDEAL POWER Investor Presentation Safe Harbor All statements in this presentation that are not based on historical fact are "forward looking statements." While management has based any forward looking statements included in this presentation on its current expectations, the information on which such expectations were based may change. 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 ...

[PART I - FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) This section provides the unaudited condensed financial statements and management's discussion and analysis for the period ended June 30, 2021 [Condensed Financial Statements](index=4&type=section&id=Item%201.%20Condensed%20Financial%20Statements) The condensed financial statements reflect a strengthened cash position from a public offering, despite widening net losses due to increased R&D and sales investments [Balance Sheets](index=4&type=section&id=Balance%20Sheets) The balance sheets show a substantial increase in cash and total assets, primarily driven by a public stock offering Balance Sheet Summary (Unaudited) | Balance Sheet Items | June 30, 2021 (USD) | December 31, 2020 (USD) | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $25,716,977 | $3,157,256 | | Total current assets | $25,985,183 | $3,446,426 | | Total assets | $28,438,696 | $5,132,173 | | **Liabilities & Equity** | | | | Total current liabilities | $742,571 | $659,526 | | Total liabilities | $1,992,171 | $1,302,964 | | Total stockholders' equity | $26,446,525 | $3,829,209 | [Statements of Operations](index=5&type=section&id=Statements%20of%20Operations) The statements of operations indicate widening net losses for both three and six-month periods, despite increased grant revenue Statements of Operations Summary (Unaudited) | Metric | Three Months Ended June 30, 2021 (USD) | Three Months Ended June 30, 2020 (USD) | Six Months Ended June 30, 2021 (USD) | Six Months Ended June 30, 2020 (USD) | | :--- | :--- | :--- | :--- | :--- | | Grant Revenue | $84,705 | $6,515 | $326,766 | $6,515 | | Total Operating Expenses | $1,276,244 | $832,203 | $2,200,388 | $1,762,637 | | Loss from Operations | $(1,276,244) | $(832,203) | $(2,200,388) | $(1,762,637) | | Net Loss | $(1,186,693) | $(833,258) | $(2,110,843) | $(1,763,759) | | Net Loss Per Share | $(0.19) | $(0.28) | $(0.37) | $(0.59) | [Statements of Cash Flows](index=6&type=section&id=Statements%20of%20Cash%20Flows) Cash flows show a significant net increase in cash, primarily from financing activities, offsetting operating and investing outflows Cash Flow Summary for Six Months Ended June 30 (Unaudited) | Cash Flow Activity | 2021 (USD) | 2020 (USD) | | :--- | :--- | :--- | | Net cash used in operating activities | $(1,801,095) | $(1,497,357) | | Net cash used in investing activities | $(145,019) | $(33,966) | | Net cash provided by financing activities | $24,505,835 | $267,223 | | **Net increase (decrease) in cash** | **$22,559,721** | **$(1,264,100)** | - The significant increase in cash was driven by **$21.2 million** in net proceeds from the issuance of common stock and **$3.3 million** from the exercise of options and warrants[15](index=15&type=chunk) [Statements of Stockholders' Equity](index=7&type=section&id=Statements%20of%20Stockholders'%20Equity) Stockholders' equity significantly increased due to a public offering and option exercises, despite a net loss - Total stockholders' equity increased from **$3.8 million** at the end of 2020 to **$26.4 million** at June 30, 2021. This was primarily due to a public offering that raised **$21.2 million** and the exercise of options and warrants generating **$3.3 million**, offset by a net loss of **$2.1 million** for the six-month period[17](index=17&type=chunk) [Notes to Unaudited Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Financial%20Statements) These notes provide essential details on the company's B-TRAN™ technology focus, financing activities, and specific financial events - The company is solely focused on the development and commercialization of its B-TRAN™ solid state switch technology and has historically financed operations through the sale of common stock and warrants[20](index=20&type=chunk)[21](index=21&type=chunk) - In May 2021, the Small Business Administration (SBA) approved the full forgiveness of the company's **$91,407** Paycheck Protection Program (PPP) loan, which was recorded as a gain[28](index=28&type=chunk) - In February 2021, the company completed an underwritten public offering, selling **1,352,975 shares** of common stock at **$17.00 per share**, resulting in net proceeds of **$21.2 million**[42](index=42&type=chunk) - The 2013 Equity Incentive Plan was amended in June 2021, increasing the number of authorized shares for issuance by **500,000**[44](index=44&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=19&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses increased net losses due to strategic investments in B-TRAN™ commercialization, supported by strong liquidity from a public offering [Results of Operations](index=20&type=section&id=Results%20of%20Operations) Operating results show increased grant revenues but also higher R&D and new sales and marketing expenses, leading to a larger operating loss Comparison of Operating Results (Q2 2021 vs Q2 2020) | Metric | Q2 2021 (USD) | Q2 2020 (USD) | Change (%) | | :--- | :--- | :--- | :--- | | Grant Revenues | $84,705 | $6,515 | +1200% | | Research & Development | $560,693 | $316,325 | +77% | | General & Administrative | $603,518 | $515,878 | +17% | | Sales & Marketing | $112,033 | $0 | N/A | | Loss from Operations | $(1,276,244) | $(832,203) | +53% | - The **77% increase** in Q2 R&D expenses was driven by higher contract labor for driver development, costs for qualifying a second semiconductor fabricator, and other B-TRAN™ development spending[64](index=64&type=chunk) - Sales and marketing expenses were initiated in Q1 2021 following the hiring of a Vice President of Business Development to begin commercialization efforts[66](index=66&type=chunk) - Management expects both R&D and sales & marketing expenses to be higher in the remaining quarters of 2021 as the company accelerates development and engages with prospective customers[64](index=64&type=chunk)[66](index=66&type=chunk) [Liquidity and Capital Resources](index=22&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity significantly improved with substantial cash from a public offering, providing resources for future development - As of June 30, 2021, the company had a strong liquidity position with **$25.7 million** in cash and cash equivalents, **$25.2 million** in net working capital, and no outstanding debt[78](index=78&type=chunk) - Financing activities in the first six months of 2021 provided **$24.5 million** in cash, primarily from the **$21.2 million** net proceeds of the February 2021 public offering and **$3.3 million** from the exercise of warrants and stock options[82](index=82&type=chunk) - The company expects cash outflows from operating activities to increase for the remainder of 2021 to support the accelerated development and commercialization of its B-TRAN™ technology[79](index=79&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=24&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, Ideal Power is not required to provide quantitative and qualitative disclosures about market risk - The company is exempt from this disclosure requirement due to its status as a smaller reporting company[88](index=88&type=chunk) [Controls and Procedures](index=24&type=section&id=Item%204.%20Controls%20and%20Procedures) The company's management, including the CEO and CFO, conducted an evaluation of disclosure controls and procedures and concluded that they were effective as of June 30, 2021. There were no material changes in internal controls over financial reporting during the quarter - Management concluded that the company's disclosure controls and procedures were effective as of the end of the reporting period, June 30, 2021[91](index=91&type=chunk) - No material changes to the company's internal controls over financial reporting occurred during the second quarter of 2021[92](index=92&type=chunk) [PART II - OTHER INFORMATION](index=26&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) This section covers other required disclosures including legal proceedings, risk factors, equity sales, and exhibits [Legal Proceedings](index=26&type=section&id=Item%201.%20Legal%20Proceedings) The company reports that it is not currently a party to any legal proceedings - The company is not currently involved in any legal proceedings[95](index=95&type=chunk) [Risk Factors](index=26&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's 2020 Annual Report on Form 10-K - No material changes from the risk factors disclosed in the 2020 Annual Report on Form 10-K are reported[96](index=96&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=26&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities during the period - None[97](index=97&type=chunk) [Defaults Upon Senior Securities](index=26&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) This item is not applicable to the company - Not applicable[98](index=98&type=chunk) [Mine Safety Disclosures](index=26&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[99](index=99&type=chunk) [Other Information](index=26&type=section&id=Item%205.%20Other%20Information) The company reported no other information for the period - None[100](index=100&type=chunk) [Exhibits](index=27&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, which include the Amended & Restated 2013 Equity Incentive Plan, officer certifications as required by the Sarbanes-Oxley Act, and XBRL data files - Key exhibits filed include the Amended & Restated 2013 Equity Incentive Plan and certifications from the Principal Executive Officer and Principal Financial Officer[101](index=101&type=chunk)

Ideal Power Inc. (NASDAQ:IPWR) Q2 2021 Results Conference Call August 12, 2021 4:30 PM ET Company Participants Carolyn Capaccio - Investor Relations Daniel Brdar - President and Chief Executive Officer Timothy Burns - Chief Financial Officer Conference Call Participants Shawn Severson - Water Tower Research David Williams - The Benchmark Company Don Slowinski - Winslow Asset Group Operator Good day, ladies and gentlemen and welcome to the Ideal Power Second Quarter 2021 Results Conference Call. Today’s conf ...

IDEAL POWER Investor Presentation Safe Harbor All statements in this presentation that are not based on historical fact are "forward looking statements." While management has based any forward looking statements included in this presentation on its current expectations, the information on which such expectations were based may change. 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Delaware 14-1999058 IDEAL POWER INC. (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number 001-36216 (Exact name of registrant as specified in its charter) ...

Ideal Power Inc. (NASDAQ:IPWR) Q1 2021 Earnings Conference Call May 13, 2021 4:30 PM ET Company Participants Carolyn Capaccio - LHA Investor Relations Dan Brdar - President & Chief Executive Officer Tim Burns - Chief Financial Officer Conference Call Participants Shawn Severson - Water Tower Research Don Slowinski - Winslow Asset Group Cody Acree - Benchmark Operator Good day, and welcome to the Ideal Power First Quarter 2021 Results Conference Call. Today’s conference is being recorded. Following today's p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36216 IDEAL POWER INC. (Exact name of registrant as specified in its charter) DELAWARE 14-1999058 (State or other jurisdiction of inc ...