IDEAL POWER INC. (NASDAQ:IPWR) Files An 8-K Regulation FD Disclosure
Item 7.01. REGULATION FD DISCLOSURE.
Ideal Power Inc. (the “Company”) is filing an investor presentation dated November 2019 attached as Exhibit 99.1 to this Current Report on Form 8-K.
Also, as disclosed in the investor presentation, as of September 30, 2019, the Company had cash and cash equivalents of $0.8 million. This amount is unaudited and preliminary, and does not present all information necessary for an understanding of the Company’s financial condition as of September 30, 2019. The Company’s estimate is based solely on information available to it as of September 30, 2019. Actual results for the quarter ended September 30, 2019 remain subject to the completion of management’s and the Company’s audit committee’s final reviews and the Company’s other financial closing procedures and the completion of the preparation of the Company’s unaudited consolidated financial statements.
The information in this Item 7.01, including the investor presentation attached as Exhibit 99.1 to this Current Report on Form 8-K, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
| 99.1 | Investor Presentation. |
Ideal Power Inc. Exhibit
EX-99.1 2 tm1922285d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Investor Presentation November 2019 Safe Harbor 2 All statements in this presentation that are not based on historical fact are “forward looking statements.” While management has based any forward looking statements included in this presentation on its current expectations,…
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About IDEAL POWER INC. (NASDAQ:IPWR)
Ideal Power Inc. (Ideal Power) designs, markets and sells electrical power conversion products using its Power Packet Switching Architecture (PPSA) technology. The Company’s PPSA is a power conversion technology that utilizes standardized hardware with application specific embedded software. It sells products to systems integrators for integration into their system, which enable end users to manage their electricity consumption by reducing demand charges or fossil fuel consumption, integrating renewable energy sources and form their own microgrid. It focuses on licensing PPSA-based product designs to original equipment manufacturers (OEMs) within its target markets. Its products use multiple insulated gate bipolar transistors (IGBTs), which switch power in a direction, including direct current (DC) to alternating current (AC), or AC to DC. The PPSA uses indirect power flow in which power flows through input switches, and is temporarily stored in its AC link inductor.