 AUSTIN, Texas, July 27, 2021 GLOBE NEWSWIRE -- Ideal Power Inc. Nasdaq: IPWR, pioneering the development and commercialization of highly efficient and broadly patented B-TRANTM bi-directional power switches, today announced that an electric vehicle EV charger provider will be sampling B-TRANTM devices for its innovative portable and modular EV charging system currently under development. This represents Ideal Powers second sampling agreement in the EV space and its first in the 2.1 million unit global EV charging station market. This market is projected to grow at a compound annual growth rate CAGR of approximately 47 to 30.8 million units by the end of 2027 as governments phase out fossil fuel vehicles from the market and make infrastructure investments to meet the growing demand for EV charging stations to support the adoption of EVs. 