Ideal Power Appoints Global Energy Executive, R. Daniel Brdar, CEO and Chairman of the Board

Ideal Power Appoints Global Energy Executive, R. Daniel Brdar, CEO and Chairman 
of the Board 
Paul Bundschuh Assumes Role of President and Chief Commercial Officer 
AUSTIN, TX -- (Marketwired) -- 01/08/14 --  Ideal Power Inc. (NASDAQ:
IPWR), a developer of a disruptive technology in the power conversion
industry, today announced that R. Daniel Brdar has been appointed as
the Company's Chief Executive Officer and Chairman of the Board of
Directors, effective January 8, 2014. Paul Bundschuh will assume the
role of President and Chief Commercial Officer.  
"We are delighted that Dan has accepted the position of Chairman and
CEO. He brings a deep understanding of the power generation and power
electronics markets and an impressive track record of building
world-class, cross-functional teams, developing innovative products,
expanding into global markets, and driving meaningful growth in
early-stage companies," commented Mr. Bundschuh. "We continue to make
progress in positioning and commercializing our disruptive Power
Packet Switching Architecture(TM) for the power converter markets.
Dan will be instrumental in leading us in our next stage of growth
and in helping us attain a competitive position in the fast-growing
renewable energy, grid storage and other green technology markets
both in the U.S. and internationally." 
Mr. Brdar has over 25 years of experience in the power systems and
energy industries and has held a variety of leadership positions
during his career. From 2006 through 2011, he was President and CEO
of FuelCell Energy Inc., a NASDAQ-listed company with a market cap of
over $250 million. During his tenure, the company's revenues
increased 235%, to $100 million, manufacturing production increased
by over 200% and over $100 million was raised from institutional and
strategic investors. Prior to joining Ideal Power Inc., Mr. Brdar
served as the Chief Operating Officer of Petra Solar, a privately
held, venture funded solar and smart grid company, where he held full
P&L responsibility and led a cross-functional management team across
several international markets. From 1997 to 2000, Mr. Brdar held
management positions, including Gas Turbine Product Manager, for GE's
Power Systems Division, a world leader in power generation systems
and products. Additionally, Mr. Brdar has extensive research and
development experience at the U.S. Department of Energy through
various roles at the National Energy Technology Laboratory in
Morgantown, WV and Pittsburgh, PA. Mr. Brdar has a BS in Engineering
from the University of Pittsburgh.  
"I am thrilled to have the opportunity to lead Ideal Power into its
next exciting phase," said Mr. Brdar. "I believe that Ideal Power's
power conversion architecture is one of the most innovative and
disruptive technologies in the market today and will be a competitive
presence in several important emerging markets such as power
converters for renewable energy applications, including commercial
grid storage. I look forward to working with Ideal Power's executive
team in driving growth for the company and the entire power
electronics ecosystem." 
Ideal Power's Board of Directors unanimously approved the appointment
of R. Daniel Brdar as CEO and Chairman.  
Inducement Award 
In accordance with Section 5635(c)(4) of the rules of the NASDAQ
Stock Market and in connection with his appointment, Ideal Power will
make a stock option grant to Mr. Brdar pursuant to a stand-alone
award agreement outside of the Company's 2013 Equity Incentive Plan
as an inducement material to Mr. Brdar entering into employment with
Ideal Power. The inducement grant was approved by the compensation
committee of Ideal Power's Board of Directors, which is comprised
solely of independent directors. Mr. Brdar's inducement grant
consists of a stock option to purchase up to 250,000 shares of Ideal
Power's common stock, with a per share exercise price equal to the
closing price of the Company's common stock on January 8, 2014, the
date that his employment will begin. Mr. Brdar's option vests and
becomes exercisable in four equal annual installments beginning on
the one-year anniversary of the date of grant, subject to his
continuous service through each vesting date. The option has a term
of 10 years from the date of grant. 
About Ideal Power Inc. 
Ideal Power Inc. (NASDAQ: IPWR) has developed a novel, patented power
conversion technology called Power Packet Switching Architecture(TM)
(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 program, and
market-leading customers are incorporating PPSA as a key component of
their systems. For more information on Ideal Power, visit
www.IdealPower.com. 
Safe Harbor Statement 
All statements in this release that are not based on historical fact
are "forward looking statements". While management has based any
forward looking statements included in this release on its current
expectations, the information on which such expectations were based
may change. These forward looking statements rely on a number of
assumptions concerning future events and are subject to a number of
risks, uncertainties and other factors, many of which are outside of
our control, that could cause actual results to materially differ
from such statements. Such risks, uncertainties, and other factors
include, but are not limited to, whether the patents for our
technology provide adequate protection and whether we can be
successful in maintaining, enforcing and defending our patents,
whether demand for our products, which we believe are disruptive,
will develop and whether we can compete successfully with other
manufacturers and suppliers of energy conversion products, both now
and in the future, as new products are developed and marketed.
Furthermore, we operate in a highly competitive and rapidly changing
environment where new and unanticipated risks may arise. Accordingly,
investors should not place any reliance on forward-looking statements
as a prediction of actual results. We disclaim any intention to, and
undertake no obligation to, update or revise forward-looking
statements. 
Ideal Power Media Contact: 
Mercom Communications
Wendy Prabhu 
1.512.215.4452
www.mercomcapital.com
idealpower@mercomcapital.com  
Investor Relations Contact:
MZ North America
Matt Hayden 
1.949.259.4986
www.mzgroup.us 
matt.hayden@mzgroup.us 
 
 
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