Ideal Power develops and commercializes the B-TRAN®, a bidirectional solid-state power switch designed to replace conventional transistors and diodes in a wide range of power applications. The company sells two products—a discrete B-TRAN® and the SymCool® Power Module—primarily through design wins with original equipment manufacturers in markets including data centers, circuit protection, electric vehicles and charging, renewable energy, industrial drives, and power distribution. Revenue comes from design win agreements with customers who incorporate the technology into their products, with development partnerships and foundry manufacturing enabling a capital-light business model focused on design and commercialization.