AUSTIN, TX — Ideal Power Inc. (NASDAQ: IPWR), a developer of a disruptive power conversion technology, and Rexel Holdings USA Corp., through its subsidiaries General Supply & Services, Inc. d/b/a Gexpro, and Rexel, Inc. (Rexel) a leader in the distribution of electrical supplies and services are pleased to announce that Rexel and Gexpro will begin carrying Ideal Power’s award-winning power converter family of products in its portfolio effectively immediately.
Rexel is one of the largest energy distributors in the world, with over 2,300 branches spread across 38 countries. “Rexel is the ideal distribution partner giving us broad reach in the electrical supply market. This agreement represents an important step toward expanding and diversifying our customer base,” said Dan Brdar, CEO of Ideal Power.
Under the terms of the agreement, Ideal Power will supply its 30kW and 125kW power converter products to Gexpro and Rexel for resale to their networks of electrical installers and distributors. “After an exhaustive search of power converter options that would support energy storage capabilities, we selected Ideal Power’s solutions based on its robust performance, industry-leading efficiency and its demonstrated reliability. At Rexel Holdings, we strive to deliver the latest most innovative solutions to the energy markets and Ideal Power’s converters were a natural fit to our product line,” said Mike Seavey, Gexpro National Solar Manager.tED