Ideal Power (IPWR) Tops Q1 EPS by 1c
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May 4, 2015 4:00 PM EDT
AUSTIN, TX -- (Marketwired) -- 05/04/15 --
Ideal Power Inc. (NASDAQ: IPWR), a developer of innovative power conversion technologies, today announced results for the three months ended March 31, 2015.
Key Q1 2015 and Subsequent Highlights:
Reported $1.2 million in Q1 product revenue, equaling product revenue for full year 2014.
Reported gross margins for Q1 2015 of 15%.
Signed a multi-year alliance with LG Chem, one of the world's largest manufacturers of lithium-ion batteries, to offer paired and optimized Ideal Power power conversion systems (PCS) and LG Chem batteries to system integrators. This...
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May 4, 2015 7:00 AM EDT
AUSTIN, TX -- (Marketwired) -- 05/04/15 --
Ideal Power Inc., (NASDAQ: IPWR), a developer of an innovative power conversion technology, is pleased to announce that it has been selected by Gexpro, along with LG Chem, and Geli (Growing Energy Labs, Inc.), to supply equipment to Gexpro's new Battery Energy Storage Solution (BESS) as announced by Gexpro on May 1st. This agreement expands Ideal Power's reach into the market to Gexpro's broad customer base in the electrical contractor and installer space.
Gexpro, a subsidiary of Rexel Holdings USA Corp., a leader in the distribution of... More
