Ideal Power (IPWR) Status update summary

Leadership and Organizational Updates

• New CEO and President with 35 years of semiconductor experience joined in November to accelerate B-TRAN commercialization.

• Chief Commercial Officer and Chief Operating Officer, both industry veterans, were added to strengthen commercialization 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 capital structure, with approximately 12 million shares outstanding post-raise.

• Shares outstanding total 8,537,387 with 2,027,636 options/warrants.

Technology and Product Differentiation

• B-TRAN is a proprietary, disruptive bidirectional semiconductor switch offering lower conduction losses and fewer components than conventional solutions.

• Enables smaller, lower-cost systems and significant energy savings, especially in data centers.

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

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