Ideal Power Announces Collaboration with Fourth Global Tier 1 Automotive Supplier

AUSTIN, Texas, June 24, 2025 /PRNewswire/ -- Ideal Power Inc. (Nasdaq: IPWR) ("Ideal Power," the "Company," "we," "us" or "our"), developer and innovative provider of the highly efficient and broadly patented B-TRAN® bidirectional semiconductor power switch, today announced the Company is collaborating with a fourth global Tier 1 automotive supplier that serves several top 10 global automotive OEMs. Ideal Power is engaged with multiple engineering teams of this global Tier 1 automotive supplier on the use of B-TRAN®-enabled contactors as a potential replacement for electromechanical contactors in electric vehicle (EV) and hybrid EV applications.

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