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Ideal Power Announces $30.0 Million Registered Direct Offering of Common Stock

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AUSTIN, Texas, May 14, 2026 /PRNewswire/ — Ideal Power Inc. (Nasdaq: IPWR) (“Ideal Power,” the “Company,” “we,” or “our”), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN® bidirectional semiconductor power switch, today announced that it has entered into a definitive agreements with certain institutional investors for the purchase and sale of an aggregate of 5,291,005 shares of common stock (or common stock equivalents) priced at the market under Nasdaq rules. The offering is expected to result in gross proceeds of approximately $30 million, before deducting offering expenses. The closing of the offering is expected to occur on or about May 18, 2026, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds from these financings to advance commercialization of B-TRAN®, including customer design-ins, custom development programs, initial production ramp with strategic partners, and general corporate and working capital purposes.

“This financing strengthens our balance sheet at a pivotal moment for Ideal Power,” said David Somo, President and Chief Executive Officer of Ideal Power. “With the accelerating demand for data centers and power, hyperscalers have focused on more efficient power architectures. This financing allows us to be well-positioned to ramp the commercialization of our B-TRAN® technology, advance customer engagements, and capitalize on the significant opportunities emerging across industrial markets.”

Titan Partners, a division of American Capital Partners, is acting as the sole placement agent for the financing.

The offering is being made pursuant to an effective shelf registration statement on Form S-3 (No. 333-292492) (including a base prospectus) previously filed with the U.S. Securities and Exchange Commission (the “SEC”) on December 30, 2025, and declared effective on January 9, 2026. The common stock (or common stock equivalents) is being offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective Registration Statement. A prospectus supplement and accompanying prospectus relating to, and describing the terms of, the offering will be filed with the SEC and will be available for free on the SEC’s website at www.sec.gov. Electronic copies of the prospectus supplement and accompanying prospectus may also be obtained, when available, by contacting Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 49th Floor, New York, NY 10007, by phone at (929) 833-1246 or by email at prospectus@titanpartnersgrp.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Ideal Power Inc.

Ideal Power (Nasdaq: IPWR) is the developer and provider of its innovative and widely patented B-TRAN® bidirectional semiconductor power switch. B-TRAN® offers compelling advantages over conventional technologies and addresses the demanding standards of today’s solid-state circuit protection and intelligent power delivery systems. It features very low conduction losses that deliver improved power efficiency, thereby reducing energy consumption and providing cost savings. The unique bidirectional capability of B-TRAN® simplifies the design, control and diagnostics of solid-state power solutions while enabling smaller, lower cost systems. B-TRAN® delivers compelling advantages for a broad spectrum of applications including solid-state circuit breakers, static transfer switches, battery disconnect units and EV contactors that are widely used in data centers, industrial power systems, energy grid and storage systems, and electric vehicles and charging infrastructure.

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 and completion of the registered direct offering, the satisfaction of customary closing conditions related to the registered direct offering, and the intended use of proceeds therefrom. 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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NEC Vietnam Appoints New General Director to Advance Digital Innovation

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May 19, 2026

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HANOI, Vietnam, May 18, 2026 /PRNewswire/ — NEC Vietnam announced the appointment of Yasushi Numakura as its new General Director, effective April 1, 2026. The appointment reflects NEC’s continued commitment to expanding trusted technology partnerships and supporting Vietnam’s growing digital ambitions.

Numakura-san joined NEC Group in 1990 and brings over three decades of experience across systems engineering, mobile technology development, and global business leadership. In 2014, he was appointed Head of NEC Vietnam’s Ho Chi Minh branch, where he drove business portfolio transformation and strengthened regional partnerships. He subsequently held leadership roles at NEC Solution Innovators and most recently led resource management reform initiatives as part of delivery model transformation efforts.

In his new role, he will lead NEC Vietnam’s business operations and strategic direction, with a focus on strengthening software development capabilities and accelerating digital transformation initiatives across key sectors, serving both the Japanese and APAC markets.

“I am excited to join NEC Vietnam and build on the strong momentum established by the local team over the years. Together with our customers and partners, we look forward to creating what’s ahead through trusted technologies and meaningful solutions that create lasting value for businesses, communities, and society. In line with NEC’s 2030 mid-term direction, we will also advance our capabilities as an AI-native organization with security at the core, ensuring that our innovations are both impactful and resilient,” shares Numakura-san.

Under his leadership, NEC Vietnam will continue providing technologies and solutions spanning software development, biometrics, and public safety.

***

About NEC Vietnam

NEC established its liaison office in Vietnam in the early 1990s under the global business framework of NEC Corporation. It was re-organized as NEC Vietnam Co., Ltd. in 2006, with a newfound commitment to grow the business and contribute towards the people and society of Vietnam.

In a rapidly changing business environment, NEC Vietnam has evolved into a comprehensive solutions provider, leveraging their core competence in delivering Solutions for Society, focused on building social infrastructure that benefits citizens and communities.

Visit https://vn.nec.com to learn more.

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SOURCE NEC Vietnam

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South Asia’s First-ever Vehicle-to-Grid (V2G) Demonstration, Led by ISGF in Collaboration with its Technology and Utility Partners

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May 19, 2026

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NEW DELHI, May 19, 2026 /PRNewswire/ — South Asia’s first ever groundbreaking Vehicle-to-Grid (V2G) Technology Demonstration in India implemented by India Smart Grid Forum (ISGF) marks a major advancement in smart Electric Vehicle (EV) charging and grid stability, paving the way for a future of bidirectional energy flows between EVs and the power grid. ISGF, with its utility partners and technical support from the University of Delaware (UDEL), USA, executed this first-of-its-kind Alternating Current (AC) V2G pilot demonstration in South Asia. The demonstration project was implemented at BSES Rajdhani Power Limited, BSES Yamuna Power Limited, TATA Power Delhi Distribution Limited, as well as at the Agency for New and Renewable Energy Research and Technology (ANERT), Kerala. This pilot demonstration has tested a variety of V2G use cases and found it highly relevant for distributed renewable energy integration and grid stability.

As part of the project, four Tata Nexon EVs were retrofitted with on-board bidirectional power modules and connected to the grid through bidirectional AC chargers. The equipment cost of AC V2G is significantly lower than DC V2G. ISGF is working with local technology companies and EV OEMs to build a V2G ecosystem in the country.

For more information, please write to contactus@indiasmartgrid.org

About India Smart Grid Forum (ISGF)

ISGF is a public private partnership initiative of the Govt. of India, with the mandate of accelerating smart grid deployments across the country. With 170+ members comprising of ministries, utilities, technology providers, academia and research, ISGF has evolved as a Think-Tank of global repute on Smart Energy and Smart Cities. The mandate of ISGF is to accelerate energy transition through clean energy, electric grid modernization and electric mobility; work with national and international agencies in standards development and help utilities, regulators and the Industry in technology selection, training and capacity building.

Website: https://indiasmartgrid.org/ 

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Tencent Cloud and Stream Partner to Accelerate the Development of Real-Time Multimodal AI Agents

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May 19, 2026

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HONG KONG, May 19, 2026 /PRNewswire/ — Tencent Cloud, the cloud business of leading global technology company, Tencent, today announced a strategic collaboration with Stream, the company behind the open-source AI agent framework Vision Agents, to accelerate the development of real-time, multimodal AI agents.

Through this collaboration, Tencent Real-Time Communication (Tencent RTC) becomes an officially supported edge transport plugin for Vision Agents, giving developers worldwide a low-latency path to build and deploy interactive AI applications across global markets, including regions where network complexity and real-time performance are critical.

Unlocking Lower-Latency Transport for Enhanced Experiences Across China and Asia

Vision Agents is an open-source, edge-agnostic Python framework from Stream that helps developers quickly build low-latency vision AI applications. Rather than retrofitting video onto a voice-centric stack, Vision Agents was designed as a video-first solution — running models such as YOLO, Roboflow, OpenAI Realtime, and Google Gemini on every frame, with sub-500ms end-to-end latency and over 25 out-of-the-box integrations across LLM, STT, TTS, vision, RAG, telephony, and avatar providers.

Through this partnership, Tencent RTC becomes an officially supported edge transport plugin for Vision Agents. Developers can use Tencent RTC to replace the default communication layer in Vision Agents and instantly leverage Tencent Cloud’s enterprise-grade backbone — more than 3,200 global nodes, sub-300ms worldwide latency, AI-driven noise suppression, and weak-network resilience — while keeping every existing LLM, STT, TTS, vision, and avatar plugin unchanged.

The integration supports both audio and video, making it suitable for voice agents, video agents, and multimodal scenarios — powering use cases such as gaming assistants, virtual avatars, sports coaching, and robotics. AI agents can join TRTC rooms and interact with participants in real-time through high-quality audio and video streams.

Tencent RTC operates a globally distributed real-time network with particularly strong performance across some markets in Asia where many global real-time stacks face connectivity and latency challenges. By integrating Tencent RTC, Vision Agents gives developers worldwide a reliable transport option for delivering low-latency, multimodal AI experiences to users in Asia. Developers can improve real-time communication performance by simply swapping the interface.

Wison Xie, Head of Product at Tencent RTC, said: “Vision Agents represents exactly where conversational AI is heading, beyond voice-only, into agents that can truly see, hear, and act in real time. By bringing Tencent RTC’s global real-time backbone to the Vision Agents framework, we are giving developers worldwide a turnkey path to ship multimodal agents that perform reliably from Silicon Valley to Shenzhen. This collaboration reinforces our commitment to powering the next generation of real-time AI experiences for enterprises and developers across global market.”

Neevash Ramdial, Director of Marketing and Vision Agents Lead, said, “Our goal with Vision Agents is to make real-time AI development faster, more flexible, and open, giving developers the freedom to choose the models, infrastructure, and plugins that work best for their applications. Developers building global conversational AI applications also need reliable real-time performance in every market, and Tencent RTC brings high-quality, low-latency connectivity across Asia to the Vision Agents ecosystem. We’re excited to work with Tencent RTC to help developers scale multimodal AI experiences worldwide while having the freedom to use whichever plugin or model best fits their app.”

About Tencent Cloud:
Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.

About Tencent RTC: 
Tencent RTC provides real-time communication solutions, including audio/video calling, live streaming, and in-game voice. With enterprise-grade security, AI-powered enhancements, and a global network of over 3,200 nodes, Tencent RTC powers mission-critical communication for customers worldwide.

About Vision Agents: 
Vision Agents is Stream’s open-source framework that helps developers quickly build real-time video AI applications. It works out of the box with most major LLM, speech-to-text, text-to-speech, avatar, and infrastructure providers, so teams can go from idea to production in just a few lines of code, building everything from real-time sports coaches to rich, context-aware avatars.

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SOURCE Tencent Cloud

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