Ideal Power Appoints David Somo as President and Chief Executive Officer

Core Viewpoint - Ideal Power Inc. has appointed David Somo as President and CEO, effective November 3, 2025, succeeding Dan Brdar, who retired on November 2, 2025 [1][2][3] Group 1: Leadership Transition - David Somo brings over 30 years of experience in the semiconductor industry, with a strong background in global sales, marketing, business development, and corporate strategy [2][3] - Dan Brdar, the former President and CEO, expressed pride in the company's achievements and highlighted the importance of Somo's commercial experience for future growth [2][3] Group 2: Company Strategy and Market Potential - The company is at a pivotal moment, commercializing its B-TRAN® technology, which has a multi-billion dollar addressable market [3] - B-TRAN® technology offers significant advantages, including reduced conduction and switching losses, and improved thermal management, making it suitable for various applications such as electric vehicles and renewable energy [7] Group 3: Inducement Awards - As part of his appointment, David Somo received inducement awards including restricted stock units (RSUs) and performance restricted stock units (PSUs) for a total of 494,876 shares, with vesting conditions tied to performance goals and continued service [4] Group 4: Upcoming Events - Ideal Power will hold its quarterly conference call on November 13, 2025, to discuss third quarter results and engage with analysts and investors [5][6]