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Ideal Power (IPWR) Earnings Call Presentation
2025-06-23 11:24
B-TRAN® Technology and Advantages - B-TRAN® is a disruptive semiconductor power switch with advantages over conventional technologies[9] - B-TRAN® replaces 4 conventional devices to provide a bidirectional switch, with >5x better conduction losses than IGBT + Blocking Diode[14, 16] - B-TRAN® increases EV efficiency and range by an estimated 7 to 10%[37] Market Opportunity - The Serviceable Addressable Market (SAM) for B-TRAN® is $7.6 billion with a 16% CAGR[18] - $1.0 billion SAM for solid-state switchgear market[52] - $1.4 billion SAM for energy and power markets[53] Commercial Progress - Secured first design win for Solid-State Circuit Breakers (SSCBs)[9] - First B-TRAN® based SSCB could potentially translate to Ideal Power revenue of several hundred thousand dollars in the first year and more than a million dollars in the second year[30] - Ongoing development program with Stellantis for custom B-TRAN® module for EV drivetrain[9] Products and Partnerships - Commercial products include B-TRAN® Discrete, SymCool®, and SymCool® IQ[47, 49] - Collaborations with three global automakers, a top 10 global solar power conversion provider, three Forbes Global 500 power management market leaders, three Tier 1 global automotive suppliers, a global provider of backup power and energy management solutions, and a global power conversion supplier[46] Intellectual Property and Financials - Broad patent estate with 94 issued and 70 pending patents[9] - Cash balance of $13.7 million as of March 31, 2025[62]