Ideal Power Successfully Completes Deliverables Related to First Design Win for Solid-State Circuit Breakers

Core Insights - Ideal Power Inc. has successfully completed all deliverables related to its first design win for solid-state circuit breakers (SSCBs) three months ahead of schedule [1][2][3] Company Developments - The company entered into a joint development agreement with a major Asian circuit protection equipment manufacturer to develop SSCBs using multiple B-TRAN® devices [2][3] - The integration of B-TRAN® devices into SSCB prototypes resulted in over a 60% reduction in total losses compared to traditional SiC devices, enhancing performance and adding bidirectionality [2][3] - The SSCB prototypes have been shipped to the customer for further testing, allowing for an expedited marketing process for the new ultra-low loss breaker [2][3] Market Opportunities - The initial B-TRAN®-based SSCB product is projected to generate several hundred thousand dollars in revenue in its first year, with potential to exceed one million dollars in the second year [4] - The customer plans to market this product to renewable energy and energy storage providers, with expectations of multiple B-TRAN®-enabled SSCB products in the future [4] - The overall opportunity with this customer could lead to sales of up to one million units per year, with additional applications in data centers, lighting, air conditioning systems, and electric vehicles [4] Technology Validation - The first design win and joint development agreement validate B-TRAN® as a key technology for solid-state circuit breakers, with expectations of expanded opportunities and potential design wins with large global companies [3][4]