Ideal Power Announces Collaboration With LG Chem to Enable Integrated Battery Energy Storage Systems - Seite 2

Ideal Power's award-winning technology is revolutionizing the power conversion industry. Their offerings include both 30kW and 125kW PCS configurations based on their patented Power Packet Switching Architecture™ (PPSA). Their software-driven technology eliminates the need for many of the bulky components comprising conventional converters. This advancement has allowed Ideal Power to develop the lightest PCS with the smallest footprint in the industry, making it a modular and easy-to-install solution that lowers installed system costs.

About LG Chem
LG Chem Ltd. is one of the world's largest lithium-ion battery manufacturers with significant market share in consumer, automotive and stationary applications. The LG Chem Energy Solution division engineers and delivers full turnkey, utility-scale energy storage systems. LG Chem, Ltd. is a globally diversified chemical company which operates three main business units: Petrochemicals, IT & Electronic Materials, and Energy Solution. The company manufactures a wide range of products, from petrochemical goods to high-value added plastics, and extends its chemical expertise into high-tech areas such as electronic materials and rechargeable batteries. For more information, please visit www.lgchem.com.

About Ideal Power Inc.
Ideal Power Inc. (NASDAQ: IPWR) 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 photovoltaic generation, electrified vehicle charging, and commercial grid storage. Ideal Power also has a licensing-based, capital-efficient business model that can enable it to address these markets simultaneously. Ideal Power has won multiple grants for its PPSA technology, including a $2.5 million grant from the Department of Energy's Advanced Research Projects Agency - Energy (ARPA-E) program, and market-leading customers are incorporating PPSA as a key component of their systems. For more information, visit www.IdealPower.com.