Ideal Power (IPWR) Reports In-Line Q4 EPS

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Ideal Power Reports Fourth Quarter and Full Year 2016 Financial Results

February 27, 2017 4:05 PM EST

AUSTIN, TX -- (Marketwired) -- 02/27/17 -- Ideal Power Inc. (NASDAQ: IPWR), a developer of innovative power conversion technologies, reported results for its fourth quarter and full year ended December 31, 2016.

Key 2016 and Subsequent Highlights:

Subsequent to the closing of the fourth quarter of 2016, we completed a $15 million private placement with institutional and accredited investors. All members of senior management and the Board of Directors participated in the private placement. Introduced and received UL 1741 certification for SunDial" and Stabiliti"... More