Ideal Power Inc. is dedicated to the development and market introduction of its proprietary B-TRAN technology, an advanced bi-directional bipolar junction transistor solid-state switch. The company, founded in 2007 and based in Austin, Texas, was formerly known as Ideal Power Converters Inc. until it adopted its current name in July 2013.
Ideal Power Reports Second Quarter 2026 Financial Results
Coherent Corp's Chief Marketing Officer Dr. Sanjai Parthasarathi has joined the advisory board of Ideal Power Inc., a developer of semiconductor power switches.
This announcement appeared in Ideal Power's second quarter 2026 financial results, where the company reported advancing its B-TRAN technology with partners like Stellantis and a U.S. hyperscaler supporting NVIDIA architectures.
Ideal Power also reported $41.3 million in cash and a net loss of $3.4 million for the quarter, though these financial metrics are specific to Ideal Power and not Coherent Corp.