Brief: Ideal Power Reduces Power Conversion Systems Division Workforce
08/01/2019 13:52
Jan 8 (Reuters) - Ideal Power Inc IPWR.O :
* IDEAL POWER ANNOUNCES STRATEGIC FOCUS ON B-TRAN™ SOLID
STATE
SWITCH COMMERCIALIZATION
* IDEAL POWER INC - IDEAL POWER REDUCED ITS POWER CONVERSION
SYSTEMS (PCS) DIVISION WORKFORCE
* IDEAL POWER INC - SUSPENDED FURTHER POWER CONVERTER SYSTEM
DEVELOPMENT AND SALES
* IDEAL POWER INC - ESTIMATES ACTIONS WILL REDUCE ANNUALIZED
CASH
EXPENDITURES BY APPROXIMATELY $2.5 MILLION TO $3 MILLION
Source text for Eikon: ID:nGNXbJ6KGl
Further company coverage: IPWR.O
((Reuters.Briefs@thomsonreuters.com;))
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