Ideal Power announces the passing of President David B.

AUSTIN, Oct. 21, 2021 (GLOBE NEWSWIRE) – Ideal Power Inc. (Nasdaq: IPWR), a pioneer in the development and commercialization of highly efficient and widely patented B-TRAN ™ two-way power switches, announced today with a great sadness the death of David B. Eisenhaure, Chairman of the Board of Directors. Mr. Eisenhaure was an engineering visionary, an accomplished inventor and entrepreneur, and a seasoned executive of public companies.

Dan Brdar, President and CEO, said, “Dave’s strategic advice, technical expertise and business acumen will be sorely missed and his contributions over the years have been immeasurable. On behalf of the Board of Directors and the entire Ideal Power team, I want to express my deepest condolences to Dave’s family.

Prior to Mr. Eisenhaure’s death, the Board of Directors began the process of identifying candidates to be added to the Board. This process will continue with the identification of a new President.

Mr. Eisenhaure has served on the Ideal Power Board of Directors since August 2013 and was appointed President in June 2020. From 1985 to 2008, he was President and CEO of SatCon Technology Corporation, a product developer for utility, hybrid, naval, industrial vehicles, automation, semiconductor processing and defense markets. He founded SatCon and was also a director from 1985 to 2009. SatCon is well known for his work in advanced electric drives; inverter technology for smart grids and photovoltaic applications; and the development of lightweight, high-power electronics, which has contributed to the development of practical hybrid and electric vehicles. Mr. Eisenhaure took SatCon public in 1992 and subsequently oversaw the acquisition of eight private companies and one public company, reorganizing SatCon from an R&D company into a diversified organization with four factories in the United States and in Canada. Prior to SatCon, he was technical director of the energy systems division of the Draper laboratory, where he oversaw the development of magnetic bearings, flywheels, energy storage, advanced solid-state power converters, motors and advanced generators and adaptive control systems for highly dynamic systems. and otherwise unstable systems. Prior to Draper, Mr. Eisenhaure worked in the Instrumentation Lab at MIT, as a graduate student research assistant and later a staff engineer, designing and developing electromagnetic and thermal control systems to support national space programs. and defense. From 1985 to 1997, he was a lecturer in the Department of Mechanical Engineering at MIT. He has obtained more than 20 patents covering inventions in magnetic suspensions, motor drives and controls, flywheel systems, automotive components, energy storage and solid-state power converters. He obtained a BS, MS and Engineering Degree in Mechanical Engineering from MIT.

About Ideal Power Inc.
Ideal Power (NASDAQ: IPWR) is pioneering the development of its widely patented two-way power switches, creating highly efficient and environmentally friendly energy control solutions for electric vehicles, electric vehicle charging, renewable energy, energy storage, inverters / data centers and other industrial equipment. and military applications. The Company is focused on its patented Bi-Directional Bipolar Junction Transistor (B-TRAN ™) semiconductor technology. B-TRAN ™ is a unique, two-sided, two-sided AC switch capable of dramatically improving performance over today’s conventional power semiconductors. Ideal Power believes that B-TRAN ™ modules will reduce conduction and switching losses, thermal management complexity, and operating costs in medium voltage AC switching and control circuits. For more information, visit www.IdealPower.com.

Ideal Power Investor Relations Contact:
LHA Investor Relations
Carolyn Capaccio, CFA
T: 212-838-3777
[email protected]

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