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.