Ideal Power (IPWR) Status update summary

Leadership and Organizational Updates

• New CEO and President with extensive semiconductor experience joined in November, focusing on commercialization of B-TRAN products.

• Chief Commercial Officer and Chief Operating Officer, both industry veterans, were added to strengthen sales, marketing, and manufacturing.

Financial Position and Capital Structure

• Year-end cash balance was $6.1 million, with a recent capital raise adding $12.6 million in net proceeds.

• No debt and a clean balance sheet as of December 31, 2025.

• Shares outstanding total approximately 12 million post-raise, with 2,027,636 options/warrants.

Technology and Product Development

• B-TRAN is a proprietary, disruptive bidirectional semiconductor switch offering lower conduction losses and reduced system costs compared to conventional solutions.

• Over 100 patents granted and 78 pending, covering device architecture, packaging, and manufacturing techniques.

• Commercial products include discrete devices, multi-die modules, and known good die for OEMs.

• The technology enables single-device bidirectional conduction, reducing component count and power consumption by over 50% in some applications.