Nov. 14 at 4:00 AM
$IPWR Tim Burns' breakdown of Q3 on the call included:
1. P.O. from
$STLA in August. Multiple EV applications. Way, way beyond the original traction inverter program.
2.
$STLA expected to launch a 2nd major program with
$IPWR per CONTACTORS and to be across ALL Stellantis EV platforms. That would be an order-of-magnitude beyond massive for Ideal Power.
3. Engagement with a 6th global automaker. So, 1, 2, 3, 4, 5 and now 6! Not to mention the cadre of Tier 1 automotive suppliers.
4. Asian SSCB leader's program is full-speed ahead for production and product launch.
5. 50% increase in B-TRAN power rating juicing up interest from OEMs.
6. Hired a salesperson in Asia that hit the ground running.
7. Auto qualification progressing. 1,000 devices sampled. Zero failures.
8. Said he looks forward to working with David Somo.
