Ideal Power's third quarter 2025 results showcase strategic momentum with key customer engagements and a new CEO focused on accelerating revenue growth in high-potential markets.
- Secured a significant purchase order from Stellantis for custom B-TRAN devices aimed at multiple EV applications, with the first milestone completed.
- Anticipate a multiyear EV contactor program with Stellantis, potentially deploying B-TRAN technology in test vehicles by late 2026.
- Engaged in preliminary discussions with a sixth global automaker for next-generation high-voltage EV applications using B-TRAN.
- Successfully completed tests with a design win customer on updated solid-state circuit breakers, moving towards final product design and sampling.
- Continued shipment of solid-state circuit breaker reference designs to major global players, enhancing commercialization efforts for B-TRAN technology.
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