Ideal Power (IPWR) Tops Q2 EPS by 5c

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Ideal Power Reports Second Quarter 2016 Financial Results

August 11, 2016 4:01 PM EDT

AUSTIN, TX -- (Marketwired) -- 08/11/16 -- Ideal Power Inc. (NASDAQ: IPWR), a developer of innovative power conversion technologies, reported results for the three and six months ended June 30, 2016.

Key Second Quarter 2016 and Subsequent Highlights:

Introduced new SunDial" solar photovoltaic (PV) string inverter -- Recognized as a Top 20 Energy Storage Disruptor by PV-Tech. Signed first licensing agreement for SunDial" with a Fortune Global 500 Company. Alliance partner Sonnen launched a commercial system offering utilizing Ideal Power's 30kW products. 30kW Grid-Resilient Multi-Port Power Conversion System (PCS) approved by Hawaiian Electric Company... More