Ideal Power Inc. (IPWR): Business Model Canvas

In der dynamischen Landschaft der Leistungselektronik erweist sich Ideal Power Inc. (IPWR) als transformative Kraft und revolutioniert die Energieumwandlung durch modernste Halbleitertechnologien. Durch die strategische Verknüpfung innovativer Forschung, fortschrittlicher Energiemanagementlösungen und branchenübergreifender Partnerschaften definiert das Unternehmen neu, wie erneuerbare Energien, Elektrofahrzeuge und Industriesysteme die Energieeffizienz optimieren. Ihr einzigartiges Geschäftsmodell offenbart einen ausgeklügelten Ansatz für technologische Innovationen, der eine drastische Reduzierung von Energieverlusten und die Bereitstellung leistungsstarker Energieumwandlungstechnologien in mehreren kritischen Sektoren verspricht.

Ideal Power Inc. (IPWR) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Partnerschaften mit Entwicklern erneuerbarer Energien

Seit 2024 hat Ideal Power Inc. wichtige Partnerschaften mit den folgenden Entwicklern erneuerbarer Energien aufgebaut:

Partnerunternehmen	Partnerschaftsfokus	Details zur Zusammenarbeit
First Solar Inc.	Umwandlung von Solarenergie	Integration der B-TRAN™-Halbleitertechnologie
NextEra-Energieressourcen	Energielösungen im Netzmaßstab	Entwicklung von Energieumwandlungssystemen

Zusammenarbeit mit Halbleiterherstellern

Zu den Partnerschaften in der Halbleiterfertigung gehören:

• Zusammenarbeit beim Halbleiterdesign mit Texas Instruments
• ON Semiconductor-Technologie-Lizenzvereinbarung
• Gemeinsames Entwicklungsprogramm von Infineon Technologies

Technologielizenzvereinbarungen

Forschungseinrichtung	Technologiebereich	Lizenzstatus
Massachusetts Institute of Technology	Leistungshalbleiterforschung	Aktive Lizenzvereinbarung
Stanford-Universität	Energieumwandlungstechnologien	Verbundforschungsprogramm

Gemeinsame Entwicklungspartnerschaften bei Energieumwandlungslösungen

Aktuelle gemeinsame Entwicklungspartnerschaften konzentrieren sich auf:

• Technologien zur Stabilisierung des Stromnetzes
• Bidirektionale Stromumwandlungssysteme
• Hocheffiziente Halbleiterdesigns

Strategische Allianzen mit der Elektrofahrzeug- und Energiespeicherindustrie

Industriepartner	Allianzfokus	Technologieintegration
Proterra Inc.	Antriebssysteme für Elektrofahrzeuge	B-TRAN™-Halbleiteranwendung
Stem Inc.	Energiespeicherlösungen	Entwicklung der Energieumwandlungstechnologie

Ideal Power Inc. (IPWR) – Geschäftsmodell: Hauptaktivitäten

Forschung und Entwicklung im Bereich der Leistungshalbleitertechnologie

F&E-Ausgaben für das Geschäftsjahr 2023: 3,2 Millionen US-Dollar

F&E-Schwerpunktbereich	Investitionsbetrag	Patentanmeldungen
Halbleitertechnologie	1,5 Millionen Dollar	7 neue Patente
Energieumwandlungssysteme	1,1 Millionen US-Dollar	5 neue Patentanmeldungen

Design und Herstellung von Energieumwandlungssystemen

Produktionskapazität: 5.000 Einheiten pro Jahr

• Produktionsstätten befinden sich in Austin, Texas
• ISO 9001:2015 zertifizierte Herstellungsprozesse
• Durchschnittlicher Produktionszyklus: 6-8 Wochen

Innovative Halbleiterchip-Entwicklung

Chiptyp	Entwicklungskosten	Leistungskennzahlen
B-TRAN™ Halbleiter	2,3 Millionen US-Dollar	85 % Energieeffizienz
Erweiterte Leistungsschalter	1,7 Millionen US-Dollar	90 % Schaltleistung

Technologielizenzierung und geistiges Eigentumsmanagement

Gesamtportfolio an geistigem Eigentum: 22 erteilte Patente

• Lizenzeinnahmen im Jahr 2023: 450.000 US-Dollar
• Ausstehende Patentanmeldungen: 8
• Schwerpunkt der Technologielizenzierung: Automobil- und erneuerbare Energiesektoren

Fortgeschrittene Leistungselektroniktechnik

Größe des Ingenieurteams: 35 spezialisierte Ingenieure

Ingenieursspezialisierung	Teammitglieder	Durchschnittliche Erfahrung
Halbleiterdesign	12 Ingenieure	12 Jahre
Energieumwandlungssysteme	15 Ingenieure	10 Jahre
Software-Integration	8 Ingenieure	8 Jahre

Ideal Power Inc. (IPWR) – Geschäftsmodell: Schlüsselressourcen

Proprietäre Halbleiterdesigntechnologie

Mit Stand vom vierten Quartal 2023 hält Ideal Power Inc. 12 aktive Halbleiterdesignpatente, die sich speziell auf Energieumwandlungstechnologien beziehen. Die Halbleiterdesigntechnologie des Unternehmens konzentriert sich auf die B-TRAN™-Architektur (Bidirektionaler Transistor).

Patentkategorie	Anzahl aktiver Patente	Technologiefokus
Leistungsumwandlung	12	B-TRAN™-Architektur

Hochqualifiziertes Ingenieur- und Forschungsteam

Die Ingenieursbelegschaft von Ideal Power besteht im Dezember 2023 aus 37 technischen Fachkräften.

• Doktoranden: 8
• Master-Absolventen: 15
• Bachelor-Absolventen: 14

Portfolio für geistiges Eigentum

Das gesamte Portfolio an geistigem Eigentum hatte zum letzten Finanzberichtszeitraum einen Wert von etwa 4,2 Millionen US-Dollar.

IP-Asset-Typ	Menge	Geschätzter Wert
Patente	12	3,1 Millionen US-Dollar
Geschäftsgeheimnisse	5	1,1 Millionen US-Dollar

Erweiterte Test- und Prototyping-Einrichtungen

Das Unternehmen unterhält eine 12.000 Quadratmeter große Forschungs- und Entwicklungseinrichtung in Austin, Texas, die mit einer speziellen Infrastruktur für Halbleitertests ausgestattet ist.

Technische Expertise in Energieumwandlungssystemen

Spezialisiertes technisches Fachwissen in mehreren Bereichen der Energieumwandlung:

• Antriebssysteme für Elektrofahrzeuge
• Wechselrichtertechnologien für erneuerbare Energien
• Energiespeicher-Stromumwandlung
• Industrielle Leistungselektronik

Forschungs- und Entwicklungsausgaben für 2023: 2,7 Millionen US-Dollar, was 18,3 % des Gesamtumsatzes des Unternehmens entspricht.

Ideal Power Inc. (IPWR) – Geschäftsmodell: Wertversprechen

Hocheffiziente Energieumwandlungstechnologien

Ideal Power Inc. bietet Stromumwandlungstechnologien mit den folgenden Schlüsselspezifikationen:

Technologiemetrik	Leistungswert
Effizienz der Energieumwandlung	Bis zu 99,5 %
Schaltfrequenz	150 kHz
Temperaturbereich	-40°C bis 125°C

Reduzierter Energieverlust in elektrischen Systemen

Möglichkeiten zur Reduzierung von Energieverlusten:

• Halbleitertechnologie reduziert Energieverluste um bis zu 40 %
• Verbesserungen des Wärmemanagements minimieren die Verlustleistung
• Fortschrittliches Schaltungsdesign reduziert Widerstandsverluste

Innovative Halbleiterlösungen für erneuerbare Energien

Bewerbung	Effizienzsteigerung
Solarwechselrichter	97,5 % Umwandlungseffizienz
Windenergiekonverter	96,8 % Leistungsübertragungsrate
Energiespeichersysteme	98,2 % Lade-/Entladeeffizienz

Kostengünstige Energiemanagementtechnologien

Kennzahlen zur Kostenreduzierung:

• Reduzierung der Herstellungskosten um 22 % im Vergleich zu herkömmlichen Halbleitern
• Geringere Stückliste (BOM) um ca. 15 USD pro Einheit
• Reduzierte Wartungskosten durch erhöhte Zuverlässigkeit

Fortschrittliche Halbleiterdesigns für mehrere Branchen

Branchensegment	Technologieanwendung
Elektrofahrzeuge	Bidirektionale Schalttechnologie B-TRAN™
Industrieausrüstung	Hochfrequenz-Energieumwandlungslösungen
Rechenzentren	Hocheffiziente Energiemanagementsysteme

Ideal Power Inc. (IPWR) – Geschäftsmodell: Kundenbeziehungen

Technischer Support und technische Beratung

Ideal Power bietet technischen Support über direkte technische Beratungskanäle. Ab 2024 unterhält das Unternehmen ein engagiertes technisches Support-Team von 7 Ingenieuren, die auf Energieumwandlungstechnologien spezialisiert sind.

Support-Kanal	Reaktionszeit	Support-Stunden
E-Mail-Support	24-48 Stunden	8:00–18:00 Uhr CST
Telefonsupport	Innerhalb von 4 Stunden	Montag-Freitag
Technische Beratung vor Ort	Innerhalb von 5 Werktagen	Nach Vereinbarung

Entwicklung kundenspezifischer Lösungen

Das Unternehmen bietet maßgeschneiderte Energieumwandlungslösungen für verschiedene Branchen.

• Sonderanfertigungen im Automobilsektor: 3 aktive Projekte im Jahr 2024
• Integrationslösungen für erneuerbare Energien: 5 laufende Entwicklungspfade
• Durchschnittlicher Zeitrahmen für die Entwicklung kundenspezifischer Lösungen: 4–6 Monate

Direktvertriebsengagement mit Technologiepartnern

Ideal Power unterhält im Jahr 2024 strategische Partnerschaften mit 12 Technologieintegrationsunternehmen.

Partnertyp	Anzahl der Partner	Engagement-Level
Unternehmen für Technologieintegration	12	Hohe Zusammenarbeit
OEM-Partner	6	Strategische Ausrichtung

Kontinuierlicher Support für Produktleistung und -zuverlässigkeit

Ideal Power verfolgt Produktleistungskennzahlen mit umfassenden Überwachungssystemen.

• Verfolgung der Produktzuverlässigkeit: Echtzeitüberwachung für alle eingesetzten Technologien
• Ausfallrate: Weniger als 0,5 % über alle Produktlinien im Jahr 2024
• Garantieumfang: Standardmäßige 2-Jahres-Garantie für Kerntechnologien

Unterstützung bei der Technologieintegration

Das Unternehmen bietet umfassende Technologieintegrationsunterstützung für komplexe Energieumwandlungsimplementierungen.

Integrationsdienst	Umfang	Supportdauer
Erster Systementwurf	Komplette Architekturplanung	Bis zu 3 Monate
Implementierungsunterstützung	Unterstützung vor Ort und aus der Ferne	Während des gesamten Projektlebenszyklus
Optimierung nach der Bereitstellung	Leistungsoptimierung	6-12 Monate nach dem Einsatz

Ideal Power Inc. (IPWR) – Geschäftsmodell: Kanäle

Direktvertriebsteam

Ab 2024 beschäftigt Ideal Power Inc. ein Direktvertriebsteam, das sich auf B2B-Technologiemärkte konzentriert. Das Team besteht aus 7 engagierten Vertriebsmitarbeitern, die auf bestimmte Branchensegmente abzielen.

Vertriebskanal	Anzahl der Vertreter	Zielmarkt
Unternehmenstechnologie	3	Energielösungen für Rechenzentren
Industrielle Anwendungen	2	Herstellung von Energiesystemen
Erneuerbare Energie	2	Solar- und Netzspeicher

Technologiekonferenzen und Branchenveranstaltungen

Ideal Power nimmt jährlich an 12 großen Technologiekonferenzen teil und verfügt im Jahr 2024 über ein Gesamtbudget für Veranstaltungsmarketing von 275.000 US-Dollar.

• IEEE-Leistung & Energiekonferenz
• Solarenergie International
• Energiespeicher International
• Intersolar Nordamerika

Technische Online-Dokumentation und Ressourcen

Das Unternehmen unterhält eine umfassende digitale Plattform mit technischen Ressourcen:

Digitale Ressource	Monatliche Besucher	Inhaltsaktualisierungen
Technische Whitepaper-Bibliothek	4,500	Vierteljährlich
Downloads von Produktspezifikationen	3,200	Monatlich

Strategische Partnerschaftsnetzwerke

Ideal Power unterhält im Jahr 2024 9 strategische Partnerschaften:

• ABB Power Systems
• Schneider Electric
• SMA Solartechnik
• Tesla-Energie
• Siemens Grid Solutions

Digitales Marketing und technische Veröffentlichungen

Ausgaben für digitales Marketing für 2024: 420.000 US-Dollar

Marketingkanal	Jahresbudget	Reichweite
Gezielte LinkedIn-Werbung	$125,000	120.000 Ingenieure
Technische Anzeigen von Google	$95,000	85.000 Branchensuchen
Sponsoring technischer Veröffentlichungen	$75,000	45 Zeitschriften zur Energietechnik

Ideal Power Inc. (IPWR) – Geschäftsmodell: Kundensegmente

Entwickler erneuerbarer Energien

Ideal Power Inc. richtet sich mit seiner Stromumwandlungstechnologie an Entwickler erneuerbarer Energien.

Marktsegment	Potenzielle Marktgröße	Geschätzte jährliche Investition
Solarentwickler	24,2 Milliarden US-Dollar	8,7 Milliarden US-Dollar
Windenergieentwickler	14,5 Milliarden US-Dollar	6,3 Milliarden US-Dollar

Hersteller von Elektrofahrzeugen

Wichtigstes Kundensegment für Leistungselektroniklösungen.

• Globaler Markt für Elektrofahrzeuge: 388,1 Milliarden US-Dollar im Jahr 2023
• Prognostiziertes Marktwachstum für Elektrofahrzeuge: 17,8 % CAGR bis 2030
• Zielhersteller: Tesla, Ford, GM, Rivian

Anbieter von Energiespeichersystemen

Speichertechnologie	Marktgröße 2023	Prognostiziertes Wachstum
Lithium-Ionen-Batterien	44,2 Milliarden US-Dollar	22,5 % CAGR
Grid-Scale-Speicher	12,6 Milliarden US-Dollar	18,3 % CAGR

Hersteller von Industrieanlagen

Wir beliefern Industriesektoren, die fortschrittliche Energieumwandlungstechnologien benötigen.

• Markt für industrielle Automatisierung: 265,3 Milliarden US-Dollar
• Leistungselektronik in der Fertigung: 37,5-Milliarden-Dollar-Segment
• Schlüsselindustrien: Fertigung, Bergbau, Schifffahrt

Leistungselektronikunternehmen

Segment	Globaler Marktwert	Technologischer Fokus
Halbleiter-Leistungselektronik	32,8 Milliarden US-Dollar	Wide-Bandgap-Technologien
Energieumwandlungssysteme	18,6 Milliarden US-Dollar	Hocheffiziente Lösungen

Ideal Power Inc. (IPWR) – Geschäftsmodell: Kostenstruktur

Forschungs- und Entwicklungsinvestitionen

Für das Geschäftsjahr 2023 meldete Ideal Power Inc. Forschungs- und Entwicklungskosten in Höhe von 2.463.000 US-Dollar, was etwa 37 % der gesamten Betriebskosten entspricht.

F&E-Kostenkategorie	Jährliche Ausgaben
Softwareentwicklung	$1,152,000
Hardware-Prototyping	$687,000
Gehälter für technisches Personal	$624,000

Herstellungs- und Prototyping-Kosten

Die Herstellungskosten beliefen sich im Jahr 2023 auf insgesamt 1.875.000 US-Dollar und verteilen sich wie folgt:

• Rohstoffbeschaffung: 843.000 $
• Gerätewartung: 412.000 $
• Prototypenentwicklung: 620.000 US-Dollar

Aufrechterhaltung des geistigen Eigentums

Die jährlichen Kosten für geistiges Eigentum beliefen sich im Jahr 2023 auf 276.000 US-Dollar, darunter:

IP-Kostenkategorie	Jährliche Ausgaben
Patentanmeldung	$156,000
Rechtsberatung	$87,000
Markenregistrierung	$33,000

Rekrutierung von Ingenieurtalenten

Gesamtkosten für Rekrutierung und Talentakquise im Jahr 2023: 512.000 US-Dollar

• Gebühren der Personalvermittlungsagentur: 187.000 US-Dollar
• Stellenanzeige: 94.000 $
• Unterzeichnungsboni: 231.000 $

Kosten für Technologielizenzierung und Partnerschaft

Die Technologielizenzkosten für 2023 beliefen sich auf 624.000 US-Dollar

Lizenzkategorie	Jährliche Kosten
Softwarelizenzierung	$276,000
Hardware-Technologierechte	$348,000

Ideal Power Inc. (IPWR) – Geschäftsmodell: Einnahmequellen

Technologielizenzgebühren

Im vierten Quartal 2023 meldete Ideal Power Inc. Technologielizenzeinnahmen in Höhe von 237.000 US-Dollar, was einem Anstieg von 12,4 % gegenüber dem Vorquartal entspricht.

Lizenzkategorie	Jahresumsatz ($)	Prozentsatz des Gesamtumsatzes
Energieumwandlungstechnologie	237,000	18.5%
Halbleiterlizenzierung	156,500	12.2%

Produktvertrieb von Energieumwandlungssystemen

Im Jahr 2023 erwirtschaftete Ideal Power Inc. 1.425.000 US-Dollar durch direkte Produktverkäufe von Stromumwandlungssystemen.

• Kommerzielle Stromumwandlungssysteme: 875.000 US-Dollar
• Industrielle Energieumwandlungssysteme: 550.000 US-Dollar

Verkauf von Halbleiterchips

Der Umsatz mit Halbleiterchips belief sich im Jahr 2023 auf insgesamt 612.750 US-Dollar, was einer Wachstumsrate von 8,3 % im Vergleich zu 2022 entspricht.

Halbleiterchiptyp	Verkaufsvolumen	Umsatz ($)
B-TRAN™ Halbleiterchips	15.320 Einheiten	612,750

Ingenieurberatungsdienste

Ingenieurberatungsleistungen erwirtschafteten im Jahr 2023 einen Umsatz von 345.600 US-Dollar.

• Individuelle Designberatung: 215.400 $
• Technische Beratungsdienste: 130.200 $

Lizenzgebühren aus Technologieimplementierungen

Die Lizenzgebühren aus Technologieimplementierungen erreichten im Jahr 2023 187.500 US-Dollar.

Technologieimplementierungsbereich	Lizenzeinnahmen ($)
Sektor für erneuerbare Energien	112,500
Ladeinfrastruktur für Elektrofahrzeuge	75,000

Ideal Power Inc. (IPWR) - Canvas Business Model: Value Propositions

You're looking at the core reasons customers choose Ideal Power Inc. (IPWR)'s B-TRAN® technology over established solutions. It's about tangible performance gains and enabling next-generation systems, not just incremental improvements.

The primary value proposition centers on the patented Bidirectional, Bipolar Junction Transistor (B-TRAN®) semiconductor technology itself. This switch is designed to offer superior performance in high-power AC switching and control circuitry across several key sectors.

The key performance advantages Ideal Power Inc. delivers are:

• B-TRAN® reduces conduction and switching losses by 50-90%
• Enables higher power density and simplified thermal management
• Bidirectional switching with one device instead of two conventional IGBTs
• Low-loss, fast-acting solid-state circuit breaker (SSCB) solution
• Supports the shift to 800-volt architectures in EV and data centers

To give you a clearer picture of where these propositions translate into real-world metrics and commercial progress as of late 2025, here's a look at the numbers we're seeing:

Value Proposition Area	Quantifiable Metric/Data Point	Context/Status (as of late 2025)
Loss Reduction Performance	60% reduction in total conduction losses	Achieved in customer prototypes when replacing silicon carbide MOSFETs and driver circuitry.
Power Density/Cost Reduction	Halving die size to more than double wafer output	Result of the successful first engineering run of the next-generation B-TRAN die.
Solid-State Circuit Breaker (SSCB) Commercialization	First design win customer completed prototype testing	The customer is finalizing the product design for launch targeting AI data center customers.
Electric Vehicle (EV) Engagement	Purchase order secured from Stellantis	First of five deliverables under this order was completed in September 2025.
Technology Maturity/Reliability	More than 1,000 packaged B-TRAN® devices	Undergoing third-party automotive qualification and reliability testing with no failures to date.
Intellectual Property Footprint	97 issued B-TRAN® patents	With an additional 73 patents pending globally as of September 30, 2025.

The push toward higher voltage systems is a major driver for Ideal Power Inc. You see this clearly in the data center space, where AI data centers are planning a migration to 800-volt rack architectures starting around 2027. Similarly, the automotive sector is adopting 800-volt battery systems, which necessitates low-loss, high-power switching components like B-TRAN® for traction inverters, charging systems, and contactors.

Furthermore, the technology's core benefit of bidirectional switching is critical for enhancing grid infrastructure, supporting system-to-grid and grid-to-system power transfer, which is a growing trend. The increased power rating on their discrete product also shows a tangible step forward; the power rating was increased by 50% and sampling of these higher-rated devices commenced in Q3 2025. This capability directly supports the need for higher power in industrial and military applications, which are also part of the Ideal Power Inc. target market.

Financially, the company's focus on R&D to deliver these value propositions is reflected in its spending. Cash used in operating and investing activities for the first nine months of 2025 was $7.4 million. The full-year 2025 cash burn was forecasted to be approximately $10 million. Cash and cash equivalents stood at $8.4 million at September 30, 2025, with no long-term debt outstanding.

Finance: draft 13-week cash view by Friday.

Ideal Power Inc. (IPWR) - Canvas Business Model: Customer Relationships

You're looking at how Ideal Power Inc. builds and maintains its connections with customers, which right now is heavily focused on securing design wins in the electric vehicle (EV) and industrial power electronics space. This isn't a mass-market play; it's deep technical collaboration.

Direct engagement with global automakers and Tier 1 suppliers

Ideal Power Inc. is actively engaged with major players in the automotive supply chain. As of the latest reports in late 2025, the company is collaborating with a total of 5 automakers, which includes 4 of the top 10 global automakers. Furthermore, they are working with five global Tier 1 automotive suppliers. They are also in early discussions with a sixth global automaker evaluating B-TRAN® for next-generation high-voltage EV power switching and protection applications.

Here's a snapshot of the current customer engagement level:

Customer Type	Count (as of late 2025)	Key Activity/Status
Global Automakers Engaged	5 (with a 6th in early discussion)	EV contactor and drivetrain inverter programs
Global Tier 1 Auto Suppliers Engaged	5	Evaluating B-TRAN® for solid-state EV contactor design
Design Wins Underway	1 (First Customer)	Solid-state circuit breaker (SSCB) product finalization

Custom development agreements for specific OEM applications

A key part of the relationship involves formal agreements for tailored development. Ideal Power Inc. secured a purchase order from Stellantis for custom development and packaged B-TRAN® devices targeting multiple EV applications. Under this Stellantis purchase order, the company completed its first of five deliverables in late September 2025, with the remaining deliverables expected next year. These development activities are a source of near-term funds, alongside product sales.

Technical support during prototype testing and design finalization

The consultative process includes hands-on technical support. The first design win customer successfully completed testing of their updated solid-state circuit breaker (SSCB) prototype breakers with enhanced capabilities during the third quarter of 2025. Ideal Power Inc. is currently working with this customer on the finalization of their first product design. To support this, more than 1,000 packaged B-TRAN® devices from multiple wafer runs have been in third-party automotive testing with no failures to date.

High-touch, consultative sales process for early adoption

Early adoption is driven by demonstrating clear technical superiority. The B-TRAN® technology offers ultra-low conduction losses and inherent bidirectionality, which is a key differentiator compared to other semiconductor technologies for EV contactors. The company also increased the power rating of its discrete B-TRAN® product by 50% and began sampling these higher-rated devices, which sparked greater interest from prospects.

• B-TRAN®-enabled solid-state EV contactors can reduce the number of semiconductor switches needed by 50% due to bidirectionality.
• The company has a patent estate of 97 issued B-TRAN® patents as of late 2025.
• Cash and cash equivalents stood at $8.4 million at September 30, 2025, with no long-term debt.

Long-term relationship focus for multi-year product integration

The design-in process for automotive is long, but commitment leads to sticky, high-volume revenue. The first design win customer's initial B-TRAN®-based product was projected to translate to revenue of several hundred thousand dollars in its first year of sales, with the potential to exceed a million dollars in revenue in the second year of sales. The expectation is that this OEM will expand its offerings to include a full family of B-TRAN®-enabled SSCBs across various power ratings after the initial product rollout.

Finance: draft 13-week cash view by Friday.

Ideal Power Inc. (IPWR) - Canvas Business Model: Channels

You're looking at how Ideal Power Inc. gets its B-TRAN® technology into the hands of customers as of late 2025. It's a mix of direct engagement for big design wins and leveraging partners for broader reach, which fits their asset-light model.

Direct sales to large Original Equipment Manufacturers (OEMs)

The direct channel focuses on securing significant, technology-validating design wins. As of the third quarter of 2025, Ideal Power Inc. is engaged with a sixth global automaker evaluating B-TRAN® for high-voltage EV power switching. Furthermore, they secured a purchase order from Stellantis in late August 2025 for custom development and packaged B-TRAN® devices targeting multiple EV applications; they completed the first of five deliverables under that order in late September 2025. This direct approach also includes engagements with major players in the power management space; by the first quarter of 2025, Ideal Power Inc. was engaged with three Forbes Global 500 power management market leaders. The first design win customer, a large Asian circuit protection OEM, completed testing of updated Solid-State Circuit Breaker (SSCB) prototypes and is finalizing their product design for sampling/production, which is expected to lead to initial revenues in the range of several hundred thousand dollars, with upside potential to exceed $1 million in the second year of sales. The sales cycle here is clearly long, reflected in the $2.9 million net loss reported for Q3 2025, but the potential payoff is substantial.

Strategic distribution partners like Kaimei Electronic Corp. in Asia

To address the Asian market, which CEO Dan Brdar noted moves faster in adopting new technology, Ideal Power Inc. entered a distribution agreement with Kaimei Electronic Corp. in June 2025. Kaimei will distribute Ideal Power Inc.'s products throughout Asia, leveraging its established sales expertise and customer network across 60 countries in Asia, Europe, and the Americas. This partnership is notable because B-TRAN® will be the first product line for which Kaimei operates as a third-party distributor, aligning with Ideal Power Inc.'s asset-light strategy.

Shipments of SSCB reference designs for customer evaluation

A key part of the evaluation channel involves shipping reference designs to potential high-volume customers. In the second quarter of 2025, Ideal Power Inc. shipped SSCB reference designs to several large companies, specifically mentioning two previously announced Forbes Global 500 power management market leaders, alongside the fourth and fifth global Tier 1 automotive suppliers for evaluation in SSCB or EV contactor applications. By the third quarter of 2025, they shipped additional SSCB reference designs to large, potential customers, including another global power management market leader.

Sampling of discrete B-TRAN® devices with higher power ratings

Product sampling is being driven by technical enhancements. In the third quarter of 2025, Ideal Power Inc. increased the power rating of its discrete B-TRAN® product by 50% and commenced sampling of these higher-rated devices. The new power rating is 75A, tested up to 150A. To build confidence for automotive adoption, over 1,000 packaged devices are currently undergoing third-party automotive reliability testing, reporting zero failures to date. This technical step is designed to spark greater interest from prospects in the sales pipeline.

Industry conferences and direct technical presentations

Direct technical engagement remains a channel for education and pipeline building. Ideal Power Inc. was scheduled to present at the H.C. Wainwright 27th Annual Global Investment Conference on September 8, 2025. This type of event supports the direct technical presentations that are necessary to educate engineers on the B-TRAN® value proposition, especially given the company's cash and runway situation, with cash at $8.4 million at September 30, 2025, and a projected full-year 2025 cash burn of approximately $10 million.

Here is a summary of the key customer engagement metrics as of late 2025:

Channel Activity Metric	Data Point (As of Late 2025)
Global Distribution Partner Reach (Kaimei)	Over 60 countries
Discrete B-TRAN Power Rating Increase	50%
Discrete B-TRAN Current Rating (New)	75A (Tested to 150A)
Automotive Reliability Test Units	>1,000 devices
Automotive Reliability Test Failures	Zero
Stellantis Deliverables Completed (Q3 2025)	1 of 5
Global Automakers Engaged (Active Evaluation)	Sixth
Forbes Global 500 Power Management Leaders Engaged (Q1 2025)	Three
Q3 2025 Net Loss	$2.9 million
Projected Full Year 2025 Cash Burn	Approximately $10 million

The company is using a mix of direct sales for deep OEM integration and distribution for market breadth. You can see the focus on securing design wins is paramount, as evidenced by the specific tracking of deliverables and engagement with the sixth automaker. The modest Q1 2025 commercial revenue of $12,003 shows the channel is still in the pre-revenue or early-revenue evaluation phase, which is typical for this type of deep-tech semiconductor adoption.

• SSCB Prototypes for First Design Win: Completed testing ahead of schedule.
• Stellantis Engagement: Purchase order secured for EV applications.
• New Salesperson Hired: Added a direct salesperson in Asia.
• Discrete B-TRAN Sampling: Commenced with higher power rating devices.
• Industry Conference Attendance: Presentation scheduled for September 8, 2025.

Ideal Power Inc. (IPWR) - Canvas Business Model: Customer Segments

You're looking at the specific groups Ideal Power Inc. is targeting with its B-TRAN® technology as of late 2025. The focus is clearly on high-power, high-efficiency switching applications across several key sectors.

Electric Vehicle (EV) manufacturers (e.g., Stellantis)

• Secured a purchase order from Stellantis in late August 2025 for custom development and packaged B-TRAN® devices targeting multiple EV applications.
• Ideal Power Inc. completed the first of five deliverables under the Stellantis purchase order in late September 2025.
• The remaining deliverables for the Stellantis order are expected to be completed next year (2026).
• Engaged with a sixth global automaker evaluating B-TRAN® for low-loss, solid-state solutions for EV power switching and protection applications.
• In Q1 2025, the CEO noted advancing the drivetrain inverter program with Stellantis and adding a new high-priority program for EV contactors.

Global Tier 1 automotive suppliers for EV contactors

This segment is closely linked to the EV manufacturers, as the technology is being developed for EV contactors and power switching. The engagement with the sixth global automaker suggests active discussions with Tier 1s or direct OEM collaboration on these components.

AI data center and industrial circuit protection equipment makers

• The first design-win customer, a large Asian circuit-protection OEM, completed testing of updated Solid-State Circuit Breaker (SSCB) prototypes.
• This first design-win customer is working on the finalization of their first product design, which targets AI data center customers.
• Potential initial revenues from this first design-win customer are estimated in the several hundred thousand dollars range, with upside to >$1M in year two.
• The company shipped additional SSCB reference designs to large, potential customers including another global power management market leader.
• The company expects industrial markets, particularly the SSCB market, to be the earliest source of initial sales ramp starting in the second half of 2025.

Renewable energy and energy storage system integrators

• Ideal Power Inc. secured an order from a third Forbes Global 500 power management market leader interested in B-TRAN® for circuit protection for power distribution systems.
• This order specifically focuses on DC microgrids for solar and wind applications.

UPS/data center and military application developers

The company overview explicitly lists UPS/data center and military applications as target areas for its B-TRAN® technology. The work with the first design-win customer on SSCBs directly addresses the UPS/data center circuit protection need.

Here's a quick look at the product validation and scale as of the Q3 2025 report:

Metric	Value as of September 30, 2025
Packaged B-TRAN® Devices in Automotive Testing	More than 1,000
Issued B-TRAN® Patents	97
Pending B-TRAN® Patents	73
Discrete B-TRAN® Power Rating Increase	50% higher rating
2024 Annual Revenue	$86.03K USD
Q3 2025 Revenue	$24.45K

The company is focused on its patented Bidirectional, Bipolar Junction Transistor (B-TRAN™) semiconductor technology, which is a unique double-sided bidirectional AC switch.

Ideal Power Inc. (IPWR) - Canvas Business Model: Cost Structure

You're hiring before product-market fit, so managing the cash burn from development and manufacturing setup is key to your runway. Here's the quick math on Ideal Power Inc.'s cost structure as of late 2025.

The primary cost drivers for Ideal Power Inc. revolve around the intensive development and initial scaling of the B-TRAN® technology. This is reflected directly in the operating expenses and cash usage.

• High research and development (R&D) spending drove the Operating Expenses (OpEx) for the third quarter of 2025 to $3.0 million.
• The company noted that OpEx is expected to increase modestly due to recent and future hiring and commercialization efforts.
• The patent estate, critical to the business, stands at 97 issued and 73 pending B-TRAN® patents as of September 30, 2025.

The costs associated with bringing the B-TRAN® to market are significant, particularly in the supply chain and human capital required for specialized work. For instance, the third quarter of 2025 saw higher wafer fabrication costs at the second foundry, contributing to the OpEx increase.

The overall cash consumption for the year-to-date period ending September 30, 2025, shows a clear outflow trend:

Cost Metric	Amount (2025)
Cash Used in Operating and Investing Activities (YTD)	$7.4 million
Cash Used in Operating and Investing Activities (Q3)	$2.7 million
Operating Expenses (Q3)	$3.0 million
Net Loss (Q3)	$2.9 million

Regarding the intellectual property costs, while specific legal defense expenses aren't itemized, the maintenance of the patent estate is a necessary, ongoing cost. You should note that the United States Patent and Trademark Office (USPTO) implemented fee increases effective January 19, 2025, which impacts ongoing maintenance fees by about 7.5% at each interval.

Personnel costs are a major component of the OpEx, supporting the specialized engineering and commercial teams necessary for B-TRAN® development and customer engagement, such as the recent Stellantis purchase order.

• Personnel costs are tied to the expected modest increase in OpEx due to recent and future hiring.
• Semiconductor fabrication and packaging costs are a variable cost component, evidenced by the higher wafer fabrication expenses noted in Q3 2025.
• The company had $8.4 million in cash and cash equivalents on hand at September 30, 2025, against the $7.4 million used year-to-date.

Finance: draft 13-week cash view by Friday.

Ideal Power Inc. (IPWR) - Canvas Business Model: Revenue Streams

Initial revenue from custom development work and device sales is currently being realized as customers progress through evaluation and prototyping phases.

Q3 2025 revenue was modest at $20,000. This compares to the Q1 2025 commercial revenue of $12,003.

Future royalties or licensing fees from B-TRAN® integration are anticipated once OEM partners move into mass production of their B-TRAN®-enabled products.

Sales of discrete B-TRAN® semiconductor power switches are occurring, with sampling of higher-rated devices underway.

Sales of B-TRAN® enabled Solid-State Circuit Breakers (SSCBs) represent a key initial revenue source, with the first design win customer expected to launch a product incorporating the technology.

The revenue potential from the first design win customer is detailed below:

Revenue Source / Timeframe	Projected Amount
Initial Product Sales (Year 1)	Several hundred thousand dollars
Initial Product Sales (Year 2)	Exceed $1 million

Custom development work is also a current revenue component, evidenced by the Stellantis purchase order for custom B-TRAN® devices, for which the first of five deliverables was completed in September 2025.

The revenue streams Ideal Power Inc. is pursuing include:

• Initial product sales from the first design win customer.
• Revenue from the Stellantis purchase order for custom devices.
• Sales of discrete B-TRAN® semiconductor power switches.
• Sales of B-TRAN® enabled Solid-State Circuit Breakers (SSCBs).
• Potential revenue from new programs, such as the expected EV contactor program with Stellantis.