Apr 26, 2023 / 05:00PM GMT
Moderator
Thank you all for coming. Now presenting Tim Burns with Ideal Power.
Tim Burns - Ideal Power Inc. - CFO, Treasurer, & Secretary
All right. So our technology at Ideal Power is what we call the B-TRAN. It is a disruptive power semiconductor technology that has pretty significant advantage over conventional power systems like IGBTs in many markets. B-TRAN has the potential to displace conventional power semiconductor technologies in a pretty significant, large, and growing market with some macro trends behind them, things like electric vehicles, renewable energy, energy storage, and solid-state circuit breakers as well as [motors].
We introduced our first commercial product here earlier this year in January, and we expect our first commercial sales of that product here later this year.
Our business model is asset-light fab-less business model. We leverage the existing silicon infrastructure that's already out there. So we just have a core technical team, a testing lab, and a small outward-facing business development team as part of the
Ideal Power Inc at Precious Metals Summit Planet Microcap Showcase Transcript
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