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Ideal Power Appoints David Somo as President and CEO

On November 3, 2025, Ideal Power Inc. (Nasdaq: IPWR) made headlines with the appointment of David Somo as its new President and Chief Executive Officer. This shift in leadership comes as the company intensifies its efforts to commercialize the groundbreaking B-TRAN® bidirectional semiconductor power switch, a technology that has been widely praised for its efficiency and innovation. David Somo's appointment marks a significant transition following the retirement of Dan Brdar, who served as President and CEO until November 2, 2025.

Michael C. Turmelle, Chairman of Ideal Power’s Board of Directors, expressed enthusiasm over Somo’s joining the executive team, emphasizing the timing of this appointment. The company is on the cusp of deploying its innovative low-loss semiconductor solutions, which cater to a diverse range of applications, from industrial uses to electric vehicle infrastructure. Somo’s extensive experience in the semiconductor sector is expected to be instrumental as Ideal Power navigates this pivotal phase of growth.

David Somo brings over 30 years of leadership experience in the semiconductor industry, with a track record that encompasses various fields such as industrial, automotive, and communications. Prior to joining Ideal Power, he had notable roles including Senior Vice President at onsemi, where he guided corporate strategy and marketing, and President of Preciseley Microtechnology Corporation. His proven expertise in driving revenue growth and formulating strategic direction will be vital as he steps into this new role.

In his own words, Somo expressed his excitement about the opportunity at Ideal Power. He mentioned the multi-billion dollar opportunity that lies ahead due to the growing demand for B-TRAN® technology. Somo looks forward to leveraging his background to invigorate growth, particularly in the industrial, data center, and automotive application markets. Acknowledging Dan Brdar’s impactful contributions to the company, Somo conveyed gratitude for the strong foundation that has been laid, and he aims to build upon it for continued success.

The Board of Directors also granted inducement awards to Mr. Somo in accordance with Nasdaq Listing Rules, which include restricted stock units. These awards are designed to align his interests with the company’s long-term performance goals.

As Ideal Power gears up for growth, it outlines its commitment to innovate and provide eco-friendly energy control solutions powered by its B-TRAN® technology. This switch not only promises improved performance over traditional semiconductor solutions, but also contributes to sustainable energy management, particularly in electric vehicle and renewable energy sectors.

The company will hold a quarterly conference call on November 13, 2025, where it will delve into the financial details for the third quarter and discuss future strategies. Analysts and investors are invited to engage with management during this session, highlighting Ideal Power's transparency and readiness for dialogue.

About Ideal Power Inc.

Ideal Power, through its bidirectional B-TRAN® semiconductor technology, aims to transform the power semiconductor landscape. By reducing losses and simplifying thermal management, Ideal Power is positioned to lead innovations that align with global shifts towards electrification and renewable energy usage. For more information, one can visit Ideal Power’s website or follow their updates on LinkedIn, Twitter, and Facebook.

In conclusion, David Somo's leadership heralds a new chapter for Ideal Power as it strives to unlock the full potential of its technology and expand its market presence. As the demand for efficient energy solutions continues to grow, Ideal Power is uniquely positioned to capitalize on these market dynamics with Somo at the helm.