Ideal Power Inc. (NASDAQ:IPWR) Q4 2022 Earnings Call Transcript

Dan Brdar: Yes, gallium nitride will take quite a while for a couple of reasons. One is gallium nitride is — does it really well in terms of very fast switching for lower voltage, lower power applications, things like power supplies for consumer electronics and low-power applications like microinverters, like what Enphase is doing. It’s going to be a while before that, that technology has advanced enough that it can really be used in high-power applications. And there’s also a challenge in making vertical structures in GaN, the ability to figure that out from a fabrication standpoint is something that people haven’t been successfully doing that yet. So I think for us, GaN, for us or for any high-power application is quite a ways off in the future and it has its own set of cost issues also as a wideband gap material.

Jeff Christensen: Thank you. We do not have any other questions. Dan, do you have any closing remarks?

Dan Brdar: I just want to thank everybody for joining us on the call today. We made great progress last year in our path to commercializing our technology. And our talented team is on track for a very successful 2023. We’ll continue to actively share our story with the investment community as we move forward in executing our milestones for this year. We’ll be participating in 4 investor conferences in March. Information about each of those conferences available in our press release today and we hope to speak further with those of you within the conferences. So at that point, I’d like to thank people for joining us and we will talk to you again next quarter.

Operator: Thank you. This concludes today’s conference. All parties may disconnect and have a great day.