David Somo was appointed President and Chief Executive Officer of Ideal Power Inc. effective November 3, 2025, succeeding Dan Brdar who retired as CEO and from the board on November 2, 2025.
Somo brings more than three decades of experience in the semiconductor sector, having most recently served as CEO and president of Preciseley Microtechnology. His background spans industrial, automotive, data‑center, and consumer markets, positioning him to drive Ideal Power’s growth strategy.
The appointment is intended to accelerate the commercialization of Ideal Power’s B‑TRAN bidirectional semiconductor technology, a platform that offers reduced conduction and switching losses for electric‑vehicle contactors and solid‑state circuit protection. Somo will lead sales, marketing, and product development to capture larger market share in these high‑growth segments.
Somo also joined Ideal Power’s board of directors on November 3, 2025. He received inducement awards totaling 494,876 potential shares, consisting of 247,438 restricted stock units vesting over three years and 247,438 performance‑share units tied to company performance goals.
Ideal Power reported $11.1 million in cash and no long‑term debt as of June 30, 2025, providing sufficient liquidity to fund operations through mid‑2026. The company is pursuing a revenue ramp in the second half of 2025 driven by product launches and development activities, and has secured orders and design wins in automotive and industrial markets.
Despite historical net losses and negative margins, the company’s liquidity and strategic focus on B‑TRAN technology provide a foundation for future growth.
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