JLM Energy Places 4 MW Purchase Order for Ideal Power's 30kW and 125kW Power Conversion Systems

AUSTIN, TX and ROCKLIN, CA--(Marketwired - Oct 24, 2016) - Ideal Power Inc., (NASDAQ: IPWR), a developer of innovative power conversion technologies, announced today that it has signed a Master Purchase Agreement with JLM Energy, a leading provider of commercial and industrial (C&I) energy storage systems, to supply its 30kW and 125kW power conversion systems for JLM Energy's portfolio of commercial battery energy storage systems and microgrid projects. The agreement includes an initial purchase order for 4 MW of products to be delivered over the course of the next year.

"We researched all options for power conversion systems from manufacturers both domestic and abroad," said Bob Montano, Vice President of Operations for JLM Energy. "Ideal Power offers a full range of products that fulfill the requirements of our product line while also providing industry-leading performance, cost, and customer focus."

Ideal Power's power conversion systems are based on its patented, industry-leading Power Packet Switching Architecture™ (PPSA) which offers customers a proven, compact, high-efficiency solution that has gained broad acceptance in the industry.

"JLM is a leading energy storage technology company with an impressive pipeline of commercial and residential projects. Their ability to drive stand-alone energy storage or microgrid projects through every development phase from design to manufacturing, installation, and system monitoring makes them a highly valued partner. We are pleased to supply our award-winning power conversion systems to their customers," commented Ryan O'Keefe, Senior Vice President of Business Development of Ideal Power.

About JLM Energy

JLM Energy is an innovative technology company that offers a broad set of renewable energy and energy storage products. JLM manages every aspect of the value chain delivered to customers from product design to installation and service.

JLM Energy's full portfolio of advanced energy solutions provides consumers with choice and control over their electricity expenditure. Founded in 2011 by Farid Dibachi and Kraig Clark, JLM Energy is an employee-owned company. www.jlmei.com

About Ideal Power Inc.

Ideal Power Inc. (NASDAQ: IPWR) is a technology company dedicated to advancing the efficiency of electric power conversion. The company has developed a novel, patented power conversion technology called Power Packet Switching Architecture™ ("PPSA"). PPSA improves the size, cost, efficiency, flexibility and reliability of electronic power converters. PPSA can scale across several large and growing markets, including solar PV, variable frequency drives, battery energy storage, mobile power and microgrids, and electric vehicle charging. The Company is also developing and has patented a bi-directional, bi-polar junction transistor ("B-TRAN™") which has the potential to dramatically increase bi-directional power switching efficiency and power density. Ideal Power employs a capital-efficient business model which enables the company to address several product development projects and markets simultaneously. For more information, visit www.IdealPower.com.