Ideal Power gains traction with order from fifth global tier 1 automotive supplier

Proactive - Interviews for investors

Ideal Power Inc CEO Daniel Brdar talked with Proactive's Stephen Gunnion about the company's expanding traction in the electric vehicle (EV) market, highlighting a new engagement with a fifth tier 1 automotive supplier. This development marks a continued build-up of commercial momentum as the company also collaborates with three auto original equipment manufacturers (OEMs). Brdar explained that the growing interest stems from Ideal Power's unique technology, which addresses major EV challenges such as cost efficiency and range anxiety. "We are now working with five tier ones and three auto OEMs – it really shows the strong interest in our technology," he said. He also discussed the significance of providing budgetary quotes for millions of SymCool® modules. These modules are aimed at replacing traditional contactors, with each EV using between five and eight contactors. According to Brdar, early interest and orders confirm that Ideal Power’s technology meets the needs of automotive manufacturers. Brdar outlined how the company’s B-TRAN® technology significantly reduces conduction losses, helping to improve vehicle range and efficiency without relying on exotic materials. He further noted that Ideal Power expects announcements soon regarding program awards for EV contactors, which will solidify its presence in the automotive sector. Watch the full interview to learn how Ideal Power is positioning itself in the transition to solid-state contactors, and the potential impact of these recent developments. Visit Proactive's YouTube channel for more exclusive interviews and insights. Don't forget to like the video, subscribe to the channel, and enable notifications for future updates. #IdealPower #EVTechnology #ElectricVehicles #BTRAN #SolidStateContactors #AutomotiveTech #SymCool #CleanEnergy #EVInnovation #ProactiveInvestors