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Ideal Power Announces Distribution Agreement with Sekorm Advanced Technology (Shenzhen) Co., Ltd.

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AUSTIN, Texas, Sept. 23, 2024 /PRNewswire/ — Ideal Power Inc. (Nasdaq: IPWR) (“Ideal Power,” the “Company,” “we,” “us” or “our”), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announces an agreement with Sekorm Advanced Technology (Shenzhen) Co., Ltd. for the distribution of Ideal Power’s products throughout China.

“This is a significant development in the commercialization of our B-TRAN™ technology as we add Sekorm as a third distributor for our products. Sekorm stands out for their expertise in demand creation throughout China, strong technical sales capability and securing sales for new technologies. This leading demand-creation distributor addresses B-TRAN™ target industrial and automotive markets in China, the world’s largest market for power semiconductors. We look forward to collaborating with Sekorm to secure orders that may potentially lead to design wins and/or custom development agreements,” said Dan Brdar, President and Chief Executive Officer of Ideal Power.

Ideal Power has agreements with three distributors with demand generation expertise and comprehensive customer networks that expand our global reach: Richardson Electronics, Ltd. for global distribution of Ideal Power’s products; RYOSHO U.S.A, INC. (“RYOSHO”), a subsidiary of RYODEN CORPORATION (TSE: 8084), for the global distribution of Ideal Power’s products with particular strength in Japan; and Sekorm Advanced Technology (Shenzhen) Co., Ltd. for distribution of Ideal Power’s products throughout China.

Ideal Power utilizes an asset-light business model leveraging the large investment already made in silicon processing, distribution, demand creation and support infrastructure. This business model allows the Company to continue focusing on disruptive B-TRAN™ technology improvements and commercialization while driving working capital efficiency.

About Ideal Power Inc.

Ideal Power (NASDAQ: IPWR) is pioneering the development and commercialization of its broadly patented bidirectional semiconductor power switch, 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 (B-TRAN™) semiconductor technology. B-TRAN™ is a unique double-sided bidirectional AC switch that delivers substantial performance improvements over today’s conventional power semiconductors. Ideal Power’s B-TRAN™ can reduce conduction and switching losses, complexity of thermal management and operating cost in AC power switching and control circuitry. For more information, visit the Company’s website at www.IdealPower.com, on LinkedIn, on Twitter, and on Facebook.

About Sekorm Advanced Technology (Shenzhen) Co., Ltd.

Founded in 1993 and headquartered in Shenzhen, Guangdong, China, Sekorm Advanced Technology (Shenzhen) Co., Ltd. is recognized as a professional demand creation distributor for integrated circuits, components, electronic material and electrical modules and instruments. Sekorm is a distributor serving over 10,000 customers and has received numerous awards from customers and suppliers which recognize its leading demand creation capabilities, extensive R&D services, network of field application engineers, and its online platform for technical support and order processing with over one million users. For more information, visit Sekorm’s website at www.sekorm.com.

Safe Harbor Statement

All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While Ideal Power’s 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. Such forward-looking statements include, but are not limited to, statements regarding our collaboration with Sekorm potentially leading to design wins and/or custom development agreements. 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, the success of our B-TRAN™ technology, including whether the patents for our technology provide adequate protection and whether we can be successful in maintaining, enforcing and defending our patents, our inability to predict with precision or certainty the pace and timing of development and commercialization of our B-TRAN™ technology, including the timing of the completion of our wafer fabrication runs with our semiconductor fabrications partners, the rate and degree of market acceptance for our B-TRAN™, the impact of global health pandemics on our business, supply chain disruptions, and the expected performance of future products incorporating our B-TRAN™, and uncertainties set forth in our quarterly, annual and other reports filed with the Securities and Exchange Commission. 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, except as required by applicable law.

Ideal Power Investor Relations Contact
Jeff Christensen
Darrow Associates Investor Relations
jchristensen@darrowir.com
703-297-6917

 

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SOURCE IDEAL POWER INC.

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Uniswap Drops $35M UNI AirDrop Live Ahead of Official X Announcement and V4 Rollout

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NEWYORK, Jan. 25, 2025 /CNW/ — Uniswap, the world’s leading decentralized exchange in the DeFi ecosystem, has quietly launched a groundbreaking $35M UNI AirDrop, allowing early participants to claim their tokens Before The Official Announcement debuts on X early Monday, January 27th. The announcement will be made via Uniswap’s official X page @Uniswap. While the news started to make waves across the crypto space, this pre-announcement air of exclusivity positions Uniswap as a pioneer in creating opportunities for its community. The UNI AirDrop is part of a broader push tied to the highly anticipated rollout of Uniswap V4, a significant upgrade that promises to enhance the platform’s efficiency and scalability.

A Unique Opportunity for Early Claimants

Uniswap’s decision to pre-announce the AirDrop offers participants a strategic edge. As crypto enthusiasts eagerly await the official unveiling on X, those in the know are already seizing the chance to secure their share of the $35M UNI token distribution. By rewarding early adopters, Uniswap reaffirms its commitment to empowering its community and fostering participation in the DeFi revolution.

The AirDrop aligns with a remarkable period of growth for Uniswap, as its Year-over-Year (YoY) volume surged by 102% in 2024, solidifying its position as a leader in decentralized finance. The simultaneous rollout of V4 marks another milestone, introducing a host of cutting-edge features designed to streamline trading and improve liquidity efficiency, further reinforcing Uniswap’s standing at the forefront of innovation.

Riding the Momentum of Crypto Buzz

This strategic AirDrop comes during a transformative time for the crypto world. Former U.S. President Donald Trump’s bold vision to establish the United States as the global capital of blockchain and cryptocurrency has ignited a renewed sense of optimism in the market. Bitcoin has continued to rally, and altcoins like Uniswap’s UNI are enjoying heightened attention. By aligning the AirDrop with this wave of momentum, Uniswap positions itself as a pivotal player in the next chapter of decentralized finance.

Building on the AirDrop Trend

Uniswap’s $35M UNI AirDrop follows hot on the heels of Jupiter’s recent $630M JUP token distribution, which made headlines across the crypto world. The two events highlight the growing prominence of AirDrops as a means to reward loyal users and drive adoption. While Jupiter’s campaign showcased its commitment to scaling within the Solana ecosystem, Uniswap’s AirDrop focuses on expanding its dominance across Ethereum and beyond, leveraging its reputation as the largest on-chain marketplace.

The synergy between these events underscores the competitive and fast-evolving nature of the DeFi space, where platforms continually innovate to attract and engage their communities.

Eligibility and Participation

To participate in the AirDrop, eligible users can visit the official Uniswap website, where details about eligibility requirements are clearly outlined. With the AirDrop already live, early claimants are encouraged to act swiftly to secure their share. The window of opportunity will remain open until further announcements are made via Uniswap’s official channels.

The eligibility criteria have been carefully crafted to ensure fair distribution, rewarding both new and long-time Uniswap users. The full requirements are available on the official site, offering transparency and guidance for anyone looking to take part.

Uniswap V4: Transforming DeFi Efficiency

Uniswap V4 is set to introduce groundbreaking advancements in decentralized trading, including enhanced fee structures, improved liquidity pools, and more robust support for cross-chain integrations. These upgrades aim to solidify Uniswap’s dominance in the DeFi landscape while setting new standards for user experience and scalability.

The V4 rollout, which begins today, comes as the latest step in Uniswap’s ambitious roadmap for 2025. The platform’s vision for decentralization, combined with its commitment to innovation, ensures it will remain a leader in shaping the future of finance.

A Community-Centric Approach

Uniswap has consistently prioritized its user base, and this AirDrop is no exception. By offering early claimants an exclusive opportunity, the platform demonstrates its dedication to fostering a strong and engaged community. The decision to time the AirDrop ahead of the official announcement underscores Uniswap’s commitment to transparency and user empowerment.

This proactive approach not only incentivizes participation but also enhances Uniswap’s reputation as a platform that listens to and rewards its users.

What’s Next for Uniswap?

As the crypto world watches, Uniswap’s bold moves signal a defining moment for the DeFi ecosystem. The $35M UNI AirDrop, coupled with the imminent rollout of V4, sets the stage for Uniswap’s continued growth and influence. With the official announcement on X just around the corner, the platform is poised to capture the attention of both seasoned traders and newcomers alike.

Uniswap’s efforts to stay ahead of the curve reflect its enduring commitment to innovation and excellence in decentralized finance. As the platform continues to evolve, its impact on the global financial landscape remains unparalleled.

Contact: Matthew Elder, mediapress@uniswap.org

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SOURCE Uniswap

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Farizon SV Launched in Austria: A Strong Start to the New Year in Europe

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VIENNA, Jan. 25, 2025 /PRNewswire/ — On January 23, 2025, Farizon successfully held the Farizon brand launch conference and SV launch event in Vienna, the capital of Austria. The launch highlighted Farizon’s accelerating expansion into Europe in 2025 and further opening of the Western European market following the brand’s launch in Serbia last year.

At the event, Farizon showcased its star product, the Farizon SV. The model attracted great attention from the guests with its innovative design and spacious cargo room. The Farizon SV, which has received the Platinum-level Euro NCAP certification, not only meets the high standard requirements for electric VANS in the European market but also aims to provide safer and more environmentally friendly solutions for urban logistics and transportation in Europe.

Farizon Regional CEE brand manager of Autowallis, Damir Domitran expressed strong optimism about the partnership and excited to expand the Farizon brand in Austria. The Farizon SV launch marks a key milestone, with plans to introduce more cutting-edge electric mobility solutions in Europe. This launch event demonstrates the brand’s determination to deepen its presence in Europe. As an important center for global green transportation, the European market is crucial for the development of Farizon’s global business. Currently, Farizon has been officially launched in countries such as Serbia and Greece, and plans to continue to expand into other European markets, working hand in hand with local partners to jointly promote the development of green transportation.

About Farizon

Farizon New Energy Commercial Vehicle Group is the commercial vehicle sector of Geely Holding Group. With the support of Geely Holding Group’s Central Research Institute, Farizon New Energy Commercial Vehicle Group has founded China’s largest new energy commercial vehicle research institute. It is responsible for the R&D of a new generation of green and intelligent commercial vehicle products based on passenger vehicle technology, with two core technology routes of “Methanol-Hydrogen + Electric”. Farizon has become China’s first CV brand to offer a full range of new energy product, committing to becoming a comprehensive intelligent and green transportation technology service provider.

In 2024, Farizon has defended its championship in the Chinese market and reached the milestone of 300,000 unit sales, becoming the first new energy commercial vehicle brand who ever achieved this goals.

For more information regarding Zhejiang Geely Farizon New Energy Commercial Vehicle Group please refer to the official website at https://global.geelycv.com/.

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GROUP BLACK REDEFINES ENTERTAINMENT WITH REVOLUTIONARY PARTNERSHIP WITH GENTV

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First Release: “SkillHouse” A GenTV production produced by Ryan Kavanaugh, Shane Valdez and 50 Cent; Starring Bryce Hall, Hannah Stocking, 50 Cent and Neal McDonough, Written and Directed by Josh Stolberg the Writer of the Last Three Saw Films

NEW YORK, Jan. 24, 2025 /PRNewswire/ — The first feature, SkillHouse, A GenTV production produced by Ryan Kavanaugh, Shane Valdez and 50 Cent, is part of a multi-picture deal. This groundbreaking project marks the beginning of a new era in entertainment, introducing New Majority, influencer-led genre films that redefine traditional release models. Each film combines full-length features with ten seven-minute episodes, offering audiences a dynamic, multi-platform viewing experience.

Group Black, known for its groundbreaking ventures and partnership with leading streaming platforms, is again breaking the mold by using short-form episodes featuring one “mega influencer” to drive the younger audience to convert from short-form PPV to paying SVOD or AVOD users. By doing so, Group Black is paving the way for a much-needed paradigm shift in the entertainment industry.

Group Black brings their exclusive technology stack, which integrates brands into the episodes and film post-production, without the need for any editing. It is done purely with technology and can interchange placement in almost real-time. Group Black is using its proprietary tech to brand partners which provides seamless integration opportunities that span multicultural audiences, multi-platform experiences, multigenerational appeal, and multichannel strategies—all within the hot influencer-driven space, maximizing brand integration opportunities in a way never before done.

The deal with GenTV is a minimum of five pictures, with each film expected to have a theatrical release followed quickly by the PPV window and the SVOD/AVOD window. Group Black and GenTV expect to announce the SVOD-AVOD partnership in short order, which it believes will help add to a paradigm shift in the “streaming wars” as that partner will also be hosting the shorter episodes on a PPV basis, helping drive younger Gen-Z and Gen-A audiences from single PPV to paying monthly subscribers on the to be announced streaming partners platform.

Skillhouse, starring mega influencers Bryce Hall and Hannah Stocking as well as top talent such as 50’cent and McCarrie McCausland, was written and directed by Josh Stolberg. Stolberg also wrote the last three Saw movies, the most successful in the franchise’s history, each breaking $100 million at the box office.

The film is premiering in Park City, UT, with a theatrical release date currently slated for April 2025, with PPV three to four weeks after that and a first-ever simultaneous PPV release of the next three episodes in the series.

The first episode was released on GenTV.com, shattering records with millions of unique views and over 100 million page views, showing the breadth and depth achievable with this model.

This partnership represents a new era in content creation, catering to an audience that demands authenticity, innovation, and connection. By blending the influencer-driven appeal of social media stars with traditional cinematic storytelling, Group Black and GenTV are setting a new standard for engaging younger audiences.

Experience the thrills today and dive into the gripping world of SkillHouse now by streaming the first episode at skillhouse.gentv.com.

About Group Black 
Group Black is a media company dedicated to driving growth for brands targeting the New Majority—the fastest-growing demographic of diverse audiences shaping culture and driving economic impact. Committed to fostering an inclusive media ecosystem, Group Black amplifies underrepresented voices and builds culturally relevant strategies that deeply resonate with today’s multicultural generation. Group Black is where culture calls home.

About GenTV & SkillHouse  
SkillHouse premiered on GenTV.com, a revolutionary influencer-driven streaming platform designed to give creators greater control and profit than traditional studio models. This launch solidifies GenTV’s commitment to high-value content that challenges industry norms.

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SOURCE Group Black

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