– USA, TX – Ideal Power Inc. (Nasdaq: IPWR), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN bidirectional power switches, today announced the appointments of Drue Freeman and Greg Knight, to its Board as new Independent Directors, increasing the board to five members, of whom four are independent.
These directors will bring deep expertise in semiconductors and significant experience and relationships in the Company’s initial target markets for B-TRAN, including electric vehicles, renewable energy, energy storage and power electronics.
About Drue Freeman
Mr. Freeman has over 30 years of semiconductor industry experience, 16 of which focused on sales and marketing of semiconductors to the automotive industry. He spent most of his career at NXP Semiconductors, a Dutch multinational manufacturer serving the automotive industry. In 1990, he joined VLSI Technology, an American company that designed and manufactured custom and semi-custom integrated circuits, which was bought by Philips Semiconductors, a division of Philips Electronics. Philips Semiconductors was subsequently spun-out from Philips to become NXP. Mr. Freeman served as Regional Market Segment Manager, Asia in Japan, and spent four years as VP of Automotive Quality at NXP in Germany. He ended his tenure at NXP as SVP Global Automotive Sales & Marketing based in Germany, China, and Silicon Valley. In this role, he launched and served on the Board of Directors for Datang-NXP Semiconductors, the first Chinese automotive semiconductor company. He built significant automotive semiconductor market share by developing long-term relationships with OEMs and locking in design wins at all Tier-1 automotive customers.
Mr. Freeman has a B.S. in Electrical Engineering from San Diego State University and an MBA in Business from Pepperdine Graziadio Business School.
About Greg Knight
Mr. Knight has 20 years of experience in the photovoltaic, silicon carbide, EV, and power electronic markets in both leadership positions and as a strategic consultant. He most recently served as President and CEO of GT Advanced Technologies, a producer of silicon carbide and sapphire crystal materials for expanding markets such as EVs and power electronics. His leadership positions include Co-Founder and Co-CEO of Exawatt, which provides strategic consulting for the solar PV, EV, power electronics, high-purity quartz, and lithium-ion battery markets; President of PV Tech Group, a provider of a range of operations and strategic planning services to the PV industry; and CTO for Equity Solar, a provider of silicon surface services intended to increase PV cell efficiency. Mr. Knight began his PV career as Manufacturing Director, Solar Cell Fabrication, at Schott Solar, a manufacturer of components for solar power systems. He currently serves on the Board of Directors of Hardinge Inc., a multi-national machine tool builder.
Mr. Knight served five years in the U.S. Navy as Chemistry / Radiological Controls Officer and holds a B.A. in Chemistry from Cornell University and formal nuclear engineering education from the Naval Nuclear Power School.
About Ideal Power Inc.
Ideal Power is pioneering the development of its broadly patented bidirectional power switches, creating highly efficient and ecofriendly energy control solutions for electric vehicle, electric vehicle charging, renewable energy, energy storage, UPS/data center, solid-state circuit breaker, and other industrial and military applications. The Company is focused on its patented Bidirectional, Bipolar Junction Transistor semiconductor technology. B-TRAN is a unique double-sided bidirectional AC switch able to deliver substantial performance improvements over today’s conventional power semiconductors. Ideal Power believes B-TRAN modules will reduce conduction and switching losses, complexity of thermal management, and operating cost in medium voltage AC power switching and control circuitry.
For more information: https://www.idealpower.com/
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