Ideal Power Inc.
Ideal Power (NASDAQ: IPWR) is pioneering the development and commercialization of its broadly patented bidirectional semiconductor power switch, creating highly efficient and ecofriendly energy control solutions for electric vehicle, electric vehicle charging, renewable energy, energy storage, UPS/data center, solid-state circuit breaker and other industrial and military applications. The Company is focused on its patented Bidirectional, Bipolar Junction Transistor (B-TRAN™) semiconductor technology. B-TRAN™ is a unique double-sided bidirectional AC switch that delivers substantial performance improvements over today's conventional power semiconductors. Ideal Power’s B-TRAN™ can reduce conduction and switching losses, complexity of thermal management and operating cost in AC power switching and control circuitry.
Nasdaq: IPWR
Nasdaq Profile: https://www.nasdaq.com/market-activity/stocks/ipwr
IR Website: https://ir.idealpower.com/
All content on this page is accurate as of 04.29.24.
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Management Team
R. Daniel Brdar
President, Chief Executive Officer and Director
Mr. Brdar has over 30 years of experience in the power systems and energy industries and has held a variety of leadership positions during his career. In addition to his role at Ideal Power, Dan served as President and CEO of FuelCell Energy Inc., a Nasdaq-listed company with a market cap of over $250 million. During his tenure, the company's revenues increased 235%, to $100 million, manufacturing production increased by over 200% and over $100 million was raised from institutional and strategic investors. Prior to joining Ideal Power, Mr. Brdar served as the Chief Operating Officer of Petra Solar, a privately held, venture funded solar and smart grid company, where he held full P&L responsibility and led a cross-functional management team across several international markets. He also served as Gas Turbine Product Manager, for GE's Power Systems Division, a world leader in power generation systems and products. Additionally, Dan has extensive research and development experience at the U.S. Department of Energy through various roles at the National Energy Technology Laboratory. He has a BS in Engineering from the University of Pittsburgh.
Tim Burns, CPA
Chief Financial Officer
Mr. Burns previously served as CFO of Rainmaker Systems, a publicly traded global e-Commerce software company. Prior to Rainmaker Systems, Tim held various finance and accounting roles at Dean Foods Company, a member of the Fortune 500, after beginning his career with Deloitte & Touche. Tim received a B.S. in Accounting from the University of Southern California and a Master's degree in Professional Accounting from the University of Texas.
Dr. Jiankang Bu
Chief Technology Officer
Dr. Bu has over 20 years of experience in power semiconductor technology R&D including deep technical expertise in semiconductor device physics, process and device simulation, wafer fabrication, process optimization, volume production yield enhancement and product design. He holds 35 issued patents with many more pending and is the author of numerous technical publications.
Before joining Ideal Power, Dr. Bu served as the Chairman and CTO of Endeavor Microelectronics Technology from 2015 to 2021, a start-up focusing on automotive IGBT and FRD development for electric vehicles (EVs) and fast charging stations. He achieved remarkable success in this role, including receiving honors and grants from China’s national and provincial “Technical Experts” programs. Prior to his time with Endeavor Microelectronics, Dr. Bu held various senior engineering and R&D management roles in the power semiconductor industry, including roles at International Rectifier (now Infineon), Power Integrations and National Semiconductor. While at International Rectifier, he led automotive power switch technology development for hybrid electric vehicle and EV applications, successfully passing automotive qualifications for products designed for major automakers.
Dr. Bu holds a PhD in electrical engineering from Lehigh University and both a BS and MS in microelectronics from Nankai University, China.
Jeff Knapp
Vice President of Business Development
In his current role as Vice President of Business Development at Ideal Power, Jeff Knapp is responsible for identifying and capturing new markets for B-TRAN™ solutions globally. Jeff has previously held management positions with Asahi Kasei, United Silicon Carbide (Qorvo), Fuji Electric, Hitachi and Infineon where he directed the development and execution of strategic plans to promote the sale of power semiconductors. His business development experience has been primarily focused on MOSFET, IGBT, Diode, and IPM (Intelligent Power Module) products, deployed in both Si and SiC material technologies. Under Jeff’s executive leadership, his teams’ design win achievements span applications in production electric vehicles (including inverters and on-board chargers), EV charging stations, renewables (including solar, wind, and energy storage), power supplies, variable-frequency drives, and solid-state circuit breakers.
Jeff has over 25 years of experience in the semiconductor industry. His career includes roles in engineering, sales, marketing, and business development, providing a well-rounded perspective to his mission to commercialize and expand the Ideal Power B-TRAN™ business.
Jeff obtained his BS in Electrical Engineering from the New Jersey Institute of Technology and his MBA from the University of Colorado.
Risks & Disclosures
This communication is neither an offer to sell nor a solicitation of an offer to buy, nor a recommendation of any securities of the company mentioned herein.
Ideal Power Inc. (the “Company”) has reviewed the content of this page as well as the accompanying presentation (“Company Presentation”) displayed on this page. To the best of its knowledge, the Company does not believe this content to be misleading or inaccurate in any material respect, nor does it believe there are any material omissions with respect to such content. The Company does not believe the contents of the page or the Company Presentation to contain any non-public material information.
Information and opinions presented in the Company Presentation are provided by the Company, and B2i Digital makes no representation as to their accuracy or completeness. The information contained on this page is not intended to constitute any form of advice, and the information provided is not intended to provide a sufficient basis on which to make an investment decision. It is not investment research, nor does it constitute a research recommendation, as it does not constitute substantive research or analysis. This information is not to be relied upon in substitution for the exercise of independent judgment.
Information, opinions, and estimates contained on this page or in the Company Presentation reflect judgments by the Company as of the original date of publication by the Company and are subject to change without notice. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied is made regarding future performance.
A complete description of the risks and uncertainties relating to the Company and its securities can be found in the company's filings with the U.S. Securities and Exchange Commission available for free at www.sec.gov.
Information on this page may relate to penny stocks, which may also be referred to as low-priced stocks. Penny stocks are low-priced shares typically issued by small companies. Penny stocks involve greater than normal risk, they may be less liquid than other stocks (i.e., more difficult to sell), and there may be less reliable information available regarding such stocks. Investors in penny stocks should be prepared for the possibility that they may lose their entire investment.
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This communication includes forward-looking statements that involve risks, uncertainties, and assumptions that are difficult to predict. Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as “believes,” “hopes,” “intends,” “estimates,” “expects,” “projects,” “plans,” “anticipates” and variations thereof, or the use of future tense, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. The Company’s forward-looking statements are not guarantees of performance, and actual results could vary materially from those contained in or expressed by such statements due to risks, uncertainties and other factors. The Company urges readers to consider specifically the various risk factors identified in its most recent Form 10-K, and any risk factors or cautionary statements included in any subsequent Form 10-Q or Form 8-K, filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communion. Except as required by law, the Company does not undertake any responsibility to update any forward-looking statements to take into account events or circumstances that occur after the date of this communication.