Ideal Power (IPWR) Appoints New CEO Amid Rising Semiconductor Demand

Ideal Power Welcomes New Leadership Amid Growing Demand for Semiconductor Solutions

Ideal Power Inc. (Nasdaq: IPWR), known for its innovative B-TRAN® bidirectional semiconductor power switch, announces the appointment of David Somo as its new President and CEO, effective November 3, 2025. This leadership change follows the retirement of Dan Brdar, who has been instrumental in bringing the B-TRAN® technology to market. Under Brdar's guidance, Ideal Power has established significant commercial relationships and developed a production-ready double-sided wafer process, setting a strong foundation for future growth. Somo's extensive background in the semiconductor industry positions him uniquely to lead the company through its next phase of development.

With over 30 years of experience, Somo joins Ideal Power from Preciseley Microtechnology Corporation, where he served as President and CEO. His prior role as Senior Vice President at onsemi equips him with a wealth of knowledge in global sales, marketing, and business development. Michael C. Turmelle, Chairman of Ideal Power's Board, emphasizes that Somo’s expertise will be crucial for the company as it seeks to harness the growing demand for low-loss semiconductor solutions. This demand is driven by the ongoing global electrification trend, which presents substantial market opportunities for Ideal Power’s B-TRAN® technology across various sectors, including automotive and industrial applications.

Somo expresses enthusiasm for stepping into his new role at a critical juncture for Ideal Power. He highlights the multi-billion dollar market potential for efficient power solutions, reflecting the increasing need for advanced semiconductor technologies. This strategic leadership transition aims to further propel Ideal Power’s commitment to innovation and expand its footprint in the rapidly evolving semiconductor landscape. As the company moves forward, Somo’s leadership is expected to be pivotal in navigating the challenges and opportunities that lie ahead.

In addition to the leadership change, Ideal Power continues to focus on advancing its B-TRAN® technology, which is designed to deliver enhanced efficiency and reliability in power management applications. The company’s strategic initiatives align with broader industry trends aimed at optimizing energy usage and reducing costs in various sectors.

Ideal Power remains committed to leveraging its innovative capabilities to meet the rising demand for effective semiconductor solutions, positioning itself as a key player in the future of power electronics. With Somo at the helm, the company is poised to capitalize on emerging opportunities in a dynamic market.