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Ideal Power Reports First Quarter 2021 Financial Results May 13, 2021 16:05 ET | Source: Ideal Power Inc. Ideal Power Inc. Austin, Texas, UNITED STATES AUSTIN, Texas, May 13, 2021 (GLOBE NEWSWIRE) Ideal Power Inc. (“Ideal Power” or the “Company”) (Nasdaq: IPWR), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bi-directional power switches, reported results for its first quarter ended March 31, 2021. “We continue to make progress toward our B-TRAN™ commercialization objectives,” stated Dan Brdar, President and Chief Executive Officer of Ideal Power. “Under our collaboration with Diversified Technologies, Inc. (DTI), we recently began the next wafer fabrication run with Teledyne, which, when completed later this quarter, represents the next major milestone under the United States Naval Sea Systems Command (NAVSEA) program. We have signed initial sampling agree

United statesSouth koreaTim burnsDan brdarCarolyn capaccioDepartment of energyCompany nasdaqExchange commissionPayroll protection programInternational replay numberTechnologies incSecurities exchangePower incBusiness developmentChief executive officerDiversified technologies