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Ideal Power Successfully Completes Deliverables Related to First Design Win for Solid-State Circuit Breakers

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AUSTIN, Texas, April 1, 2025 /PRNewswire/ — Ideal Power Inc. (Nasdaq: IPWR) (“Ideal Power,” the “Company,” “we,” “us” or “our”), developer and innovative provider of the highly efficient and broadly patented B-TRAN® bidirectional semiconductor power switch, today announced all deliverables related to our first design win for solid-state circuit breakers (SSCBs) were successfully completed three months ahead of schedule.

In connection with our design win announced in December 2024, the Company entered into a joint development agreement for a SSCB product incorporating multiple B-TRAN® devices with one of the largest circuit protection equipment manufacturers in Asia serving the data center, renewable energy, energy storage, industrial, and utility markets. In accordance with the agreement, we installed multiple B-TRAN® devices and related drive circuitry and controls into the customer’s SSCB prototypes. The replacement of SiC devices with B-TRAN® devices in their SSCB prototypes resulted in a greater than a 60% reduction in total losses and added bidirectionality. Based on our testing, we confirmed the B-TRAN®-based circuit breaker design meets or exceeds all of the customer-defined target specifications. The SSCB prototypes were then shipped to the customer for further testing and to enable them to begin marketing this new ultra-low loss breaker to their customers sooner than planned. The B-TRAN®-based solution easily fits into the customer’s existing design for a SSCB product, accelerating the time to market for their initial B-TRAN®-enabled circuit breaker product.

“Our first design win and related joint development agreement represented significant validation of B-TRAN® as an enabling technology for solid-state circuit breakers. We are now excited to deliver the circuit breaker prototypes to this customer a full quarter ahead of schedule. This customer will be the first to offer an innovative ultra-low loss and inherently bidirectional circuit breaker to a market that has long been waiting for such a solution. We expect the marketing and successful launch of this B-TRAN®-enabled SSCB product to lead to an expanded opportunity with this customer and accelerate engagements and potentially design wins with the large global companies currently evaluating our technology for circuit protection applications. Given the size of these companies, any one of them could represent millions of dollars or more of annual revenue to us over time. A few key design wins would be enough to get us to profitability,” stated Dan Brdar, President and Chief Executive Officer of Ideal Power.

Based on the customer’s projections, for Ideal Power, the opportunity from this customer’s first B-TRAN®-based product alone could translate to revenue of several hundred thousand dollars in its first year of sales, with the opportunity to exceed a million dollars in revenue in the second year of sales. This initial B-TRAN®-enabled SSCB will be marketed to renewable energy and energy storage equipment providers and utility electric distribution network companies. We expect this product to be their first of multiple products incorporating B-TRAN® into SSCBs as the customer is interested in offering a suite of B-TRAN®-enabled SSCBs with a wide range of ratings. As a result, the overall opportunity with this customer could eventually lead to sales of a million units per year based on the customer’s projections. Other potential applications for future products with this customer include data centers, lighting and air conditioning systems, and electric vehicles, including vehicle-to-grid power conversion and EV contactors.

About Ideal Power Inc.

Ideal Power (NASDAQ: IPWR) is the developer and innovative provider of its broadly patented bidirectional semiconductor power switch, creating highly efficient and ecofriendly energy control solutions for electric vehicle, electric vehicle charging, renewable energy, energy storage, UPS/data center, solid-state circuit breaker and other industrial and military applications. The Company is focused on its patented Bidirectional, Bipolar Junction Transistor (B-TRAN®) semiconductor technology. B-TRAN® is a unique double-sided bidirectional AC switch that delivers substantial performance improvements over today’s conventional power semiconductors. Ideal Power’s B-TRAN® can reduce conduction and switching losses, complexity of thermal management and operating cost in AC power switching and control circuitry. For more information, visit the Company’s website at www.IdealPower.com, on LinkedIn, on Twitter, and on Facebook.

Safe Harbor Statement

All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While Ideal Power’s management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Such forward-looking statements include, but are not limited to, statements regarding the timing of revenue and revenue potential for the customer’s B-TRAN®-based SSCB product, our expectation that this product will be the first of multiple products from the customer incorporating B-TRAN® into SSCBs, that the overall opportunity with this customer could eventually lead to sales of a million units per year based on the customer’s projections, and our expectation that the marketing and successful launch of this B-TRAN®-enabled SSCB product will lead to an expanded opportunity with this customer and accelerate engagements and potentially design wins with the large global companies currently evaluating our technology for circuit protection applications. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the success of our B-TRAN® technology, including whether the patents for our technology provide adequate protection and whether we can be successful in maintaining, enforcing and defending our patents, our inability to predict with precision or certainty the pace and timing of development and commercialization of our B-TRAN® technology, the rate and degree of market acceptance for our B-TRAN®, the impact of global health pandemics on our business, supply chain disruptions, and the expected performance of future products incorporating our B-TRAN®, and uncertainties set forth in our quarterly, annual and other reports filed with the Securities and Exchange Commission. Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements, except as required by applicable law.

Ideal Power Investor Relations Contact

Jeff Christensen
Darrow Associates Investor Relations
jchristensen@darrowir.com
703-297-6917

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SOURCE IDEAL POWER INC.

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Teleste Brings Live OTT Streams to Broadcast TV with New Luminato 4X4 Receiver

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Operators can bring live OTT streams to sites that cannot use them directly-expanding service options for existing customers and opening new locations to TV delivery.

TURKU, Finland, Sept. 28, 2026 /PRNewswire/ — Teleste today announced a new receiver for Luminato 4X4 that enables operators to deliver over-the-top (OTT) television streams to sites using conventional cable or IPTV distribution. Available in Q4 2026, the receiver converts incoming OTT streams into the formats those local systems require. By adding the Luminato receiver, operators can extend their television offering without changing their delivery network or the site’s television distribution.

The new capability gives operators another way to use their OTT delivery infrastructure: the same live streams used to serve streaming customers can also supply a conventional television channel lineup at the destination. Delivery over broadband connections allows operators to serve locations beyond their own network. Hotels, hospitals, care facilities and multi-dwelling properties are natural applications, alongside other sites requiring local cable or IP television distribution.

“Moving the incoming television feed to streaming does not mean every screen has to become a streaming device,” said Julius Tikkanen, Vice President, Video Service Platforms at Teleste. “Luminato handles that transition at the receiving site. Operators can develop their delivery network while continuing to offer television in the format that works for each customer.”

Streaming reception with broadcast processing

The adaptive bitrate (ABR) receiver supports live MPEG-DASH streams and decryption of content protected by Widevine DRM. MPEG-DASH is a standard for delivering OTT television streams over broadband. The receiver converts these services into MPEG transport streams for local IP multicast or QAM distribution. IP and QAM outputs can operate simultaneously, allowing the same installation to serve different distribution requirements.

For cable distribution, the dense QAM module supports up to 32 QAM carriers per module, with support for DVB-C and ITU-T J.83 Annex B. Reception and output modules can be selected to match the installation’s requirements. The Luminato 4X4 chassis accommodates up to six hot-swappable modules and dual power supplies, providing capacity for expansion, modular servicing and power redundancy.

The receiver will be available for both new Luminato 4X4 systems and compatible existing installations. New deployments can be configured for ABR reception from the outset. Existing users can add the receiver while retaining applicable processing and output modules. Both approaches draw on the same modular broadcast platform and its established range of IP and RF delivery options.

About Teleste

Teleste (HEL: TLT1V) offers an integrated portfolio of products and services that helps build and run a better-networked society. Our solutions deliver broadband and television services, enhance safety in public places, and support the use of public transport. With solid industry expertise and a strong drive for innovation, we are a leading international company in broadband, security and information technologies and related services. We connect with our customers through a global network of offices and partners. Teleste is listed on Nasdaq Helsinki. For more information, please visit www.teleste.com.

Media inquiries
Teleste – Linda Kallas, SVP, Communications, linda.kallas@teleste.com

This information was brought to you by Cision http://news.cision.com

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Deakin University awards Vice Chancellor’s Meritorious 50% Scholarships to 8 students across 4 HUBs in India

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NEW DELHI, Sept. 28, 2026 /PRNewswire/ — Deakin University, Australia, is proud to announce the Vice Chancellor’s Meritorious 50% Scholarships 2026, recognising eight high-achieving students from across its four India HUB partners — Manipal Academy of Higher Education (MAHE), Symbiosis International University (SIU), O.P. Jindal Global University and Chitkara University.

Two outstanding students from each HUB will receive a 50% contribution towards their Deakin tuition fees, recognising their academic excellence, leadership potential, achievements and ambition to make a meaningful difference. Six students have already been recognised, with two scholarships still to be awarded this year.

The scholarships reflect Deakin’s commitment to its ‘in India, with India, for India’ approach to engagement, working with its India HUB ecosystem to create meaningful international pathways that connect strong academic foundations in India with globally connected education, networks and career opportunities.

For the recipients, the scholarship represents more than financial support. It is recognition of their journey, confidence in their potential and an opportunity to develop the global capabilities, connections and experiences needed to thrive in an increasingly interconnected world.

Sharing her thoughts on the occasion, Ravneet Pawha, Vice President (Global Engagement) and CEO (South Asia), Deakin University, said, “Our India HUB partnerships are about opening doors to a world of opportunity by giving students the ability to build on their education in India while accessing Deakin’s global learning, industry and professional networks.”

“These scholarships are an important part of that journey, recognising ambitious students and giving them the support and confidence to pursue their aspirations, embrace global opportunities and create impact in the world.”

Ishan Attri, from Chitkara University, who will pursue the Master of Data Science (Professional), sees the scholarship as a significant step towards advancing his career in the data science industry, with Deakin’s internationally recognised qualification opening pathways to senior roles and global opportunities.

For Parth Bhandari of Chitkara University, the scholarship brings him closer to his ambition of becoming a leader in cybersecurity with opportunities to build the skills, knowledge and global exposure at Deakin.

Aditi Raj, from O.P. Jindal Global University, sees the scholarship as recognition of her journey, giving her confidence to begin her education in a new country and experience a global learning environment.

For Alekhya Chaganti, of SIU, the scholarship is more than an award. It offers access to a global community and a launchpad for her ambitions.

Snigdha, from MAHE, sees the opportunity as a catalyst for personal and academic growth, empowering her to broaden her horizons and connect with an inspiring global community.

Deakin’s India HUB strategy is built on developing deep, long-term partnerships with leading Indian institutions, creating integrated ecosystems that bring together education, research, industry engagement and student mobility. Through these partnerships, Deakin works with its HUB institutions to create diverse pathways including dual degrees, curriculum licensing, articulation pathways, integrated Masters, cotutelle programs, academic mobility and joint research opportunities.

At the heart of this strategy is an aim to create meaningful global pathways for India’s brightest students. By building on the strong academic foundations students develop in India, the HUB model connects them to Deakin’s international learning environment, global networks and industry opportunities.

To know more about Deakin HUBs in India, please visit Partnerships 

About Deakin University:

Established in 1974, Deakin University successfully combines excellence in teaching, research and effective partnerships with industry and government to deliver high-quality courses and undertake research that makes a difference to the domestic and international communities it serves.

Deakin’s South Asia operations commenced in 1994 at New Delhi, India, making it one of the first overseas education providers to set up operations in this region. Here, Deakin engages with the government, industry, and academia to share its vibrant culture of education and research.

To know more about Deakin University and its various initiatives as part of its ‘in India, with India, for India’ approach towards engagement, please visit Deakin South Asia partnerships and pathways | Deakin

 

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Crypto, Sports, Esports: Bybit Gamifies Freedom of Choice Through ByPick

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DUBAI, UAE, Sept. 28, 2026 /CNW/ — Bybit, the New Financial Platform trusted by more than 80 million users worldwide, has introduced ByPick, a free-to-play prediction game built on winning points other than prize money. Launched with a “Make Your Pick” campaign, ByPick enables users to forecast outcomes across crypto, sports, and esports and major market-moving financial events, with participants racing to build winning streaks and climbing seasonal leaderboards for a share of a 100,000 USDT leaderboard prize pool.

Prediction markets have become a defining trend across financial platforms, drawing millions of participants to platforms built on real-money wagers. That model has also brought controversy and introduced a slew of risk factors for players. ByPick takes a different format: a points-based game in the Bybit app, where the outcome of a pick affects a user’s streak and leaderboard standing instead of a direct shift in a wallet balance.

Make Your Pick: Turning Opinions into Fun Gameplay and Rewards

To participate, eligible Bybit users may register for the event to receive 200 Campaign Points  as a one-time starter bonus, with no deposit or trading tasks required. From there, a Points Top-up Station keeps active users supplied: eligible users who complete a trade that day can refill their balance back up to a 200 cp floor once every 24 hours, with the offer resetting at 00:00 UTC.

Participants can also embark on their personal quest for additional points by completing tasks, including daily check-ins for consistency and receiving milestone bonuses for consecutive streaks. A variety of tasks are tailored to players of various styles:

Correct picks pay out Campaign Points proportionally based on the odds at the time of the prediction.Battle Pass milestones unlock further Campaign Points.Designated Trading Tasks offer a repeatable, uncapped way to earn Campaign Points through qualifying trades.Referrals yield Campaign Points for each friend who joins.New players who register partway through the season are automatically enrolled in a time-limited Sprint Task with enhanced Campaign Points rewards, giving later joiners a way to close the gap on the leaderboard.

All users are ranked on a single leaderboard based on total Campaign Points earned during the season, with two prize pools for user groups divided by a threshold of 10,000 USDT in cumulative trading volume, including the Standard Prize Pool and the Grand Prize Pool.

The community-first, experience-based new feature underscores Bybit’s commitment to serving its global user base and meeting every Bybit customer’s diverse needs, unlocking one financial freedom at a time.

ByPick is available now to eligible Bybit users through the Bybit app under the Make Your Pick campaign. Terms and conditions apply. For details, users may visit: ByPick Season 1: Free Picks to Earn Points

Campaign Points (cp) have no monetary value and cannot be withdrawn or transferred. Bybit reserves the right of final interpretation.

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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SOURCE Bybit

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