Ideal Power Inc. (NASDAQ:IPWR) Q1 2022 Earnings Conference Call May 16, 2022 4:30 PM ET

Company Participants

Carolyn Capaccio – Investor Relations-LHA

Dan Brdar – President and Chief Executive Officer

Tim Burns – Chief Financial Officer

Conference Call Participants

David Williams – Benchmark

Orin Hirschman – AIGH Investment Partners

Don Slowinski – Winslow Asset Group

Operator

Good day and welcome to the Ideal Power, First Quarter 2022 Results Conference Call. Today’s conference is being recorded.

At this time, I’d now like to turn the conference over to Carolyn Capaccio of LHA. Please go ahead ma’am.

Carolyn Capaccio

Thank you, operator. And good afternoon everyone. Thank you for joining Ideal Power's first quarter 2022 conference call.

With me on the call are Dan Brdar, President and Chief Executive Officer; and Tim Burns, Chief Financial Officer. Ideal Power’s first 2022 financial results press release is available on the company’s website at idealpower.com.

Before we begin, I’d like to remind everyone that statements made on the call and webcast, including those regarding future financial results and industry prospects are forward-looking, and maybe subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the call. Please refer to the company’s SEC filings for a list of associated risks. And we would also refer you to the company’s website for more supporting industry information.

Now, I will turn the call over to Ideal Power’s President and CEO, Dan Brdar. Dan?

Dan Brdar

Thank you, Carolyn. Good afternoon everyone and welcome to our first quarter 2022 financial results conference call. I'll begin by giving you an update on our progress and achievements on our strategy to commercialize our B-TRAN semiconductor technology. Then I'll review our plans and key priorities for 2022 for B-TRAN commercialization. Then Tim Burns, our CFO, will take you through the numbers after which we’ll take your questions.

Let's get started. Well, it's only been two months since our last call. The first quarter was successful and productive as we made significant advancements along our 2022 roadmap, the commercialized B-TRAN as a disruptive, highly efficient, bidirectional energy control semiconductor technology. It solves immediate needs in our target electric vehicle, EV charging, renewable energy, energy storage, UPS for data centers and solid-state circuit breaker end markets. This is a very busy and exciting time at Ideal Power and we're happy to update you on our progress as we remain on track to achieve our goals for 2022.