Laban E.  Lesster net worth and biography

Laban Lesster Biography and Net Worth

Director of Ideal Power
Mr. Lesster comes to Ideal Power with a career-long background of both technical and management experience in power electronics and power conversion systems. Prior to 1985 Mr. Lesster worked first in the power conversion group at the Westinghouse R&D Center, and subsequently at the Westinghouse ESSD Oceanic Division. As an Advisory Engineer he was instrumental in developing power electronics for power conversion, active sonar and propulsion systems for deep submergence vehicle and surface ship applications. In 1985 he became manager of Electrical Engineering and in 1992 as part of an ESSD thrust into commercial activity he was appointed to assemble and lead the technical team that worked in conjunction with Chrysler to develop and take to initial production advanced power trains for the Chrysler EPIC minivan. Following the Northrop Grumman acquisition of ESSD he returned to the Oceanic Division as Engineering Director of the 300 strong engineering department and then as Chief Scientist. In 1999 he joined SatCon Applied Technology as Engineering Director and later as General Manager. He resigned from his management position in 2002 to lead the design and development of a novel 2MW flywheel/doubly fed induction machine and diesel based uninterruptible AC power source. With the transfer of that and similar power electronics-based technology to RTC Systems in 2003 Mr. Lesster joined RTC in an advisory role and was active in hardware development of vehicle and shipboard pulse power, and power management applications as well as both wave energy and tide power energy conversion projects until his retirement in 2014. Mr. Lesster has BA and MA degrees in Engineering from Oxford University. In 1971 he received the Westinghouse B.G. Lamme Award for a year's study scholarship. He used this to study at Imperial College of Science and Technology in London where his thesis for the D.I.C was on control techniques for reluctance machines. Mr. Lesster holds 6 patents and several pending in the field of power conversion.

How do I contact Laban E. Lesster?

The corporate mailing address for Mr. Lesster and other Ideal Power executives is 4120 FREIDRICH LANE SUITE 100, AUSTIN TX, 78744. Ideal Power can also be reached via phone at (512) 264-1542 and via email at [email protected]. Learn More on Laban E. Lesster's contact information.

Has Laban E. Lesster been buying or selling shares of Ideal Power?

Laban E. Lesster has not been actively trading shares of Ideal Power within the last three months. Most recently, Laban E. Lesster sold 400 shares of the business's stock in a transaction on Thursday, November 18th. The shares were sold at an average price of $18.02, for a transaction totalling $7,208.00. Learn More on Laban E. Lesster's trading history.

Are insiders buying or selling shares of Ideal Power?

During the last year, Ideal Power insiders bought shares 2 times. They purchased a total of 3,702 shares worth more than $34,038.20. The most recent insider tranaction occured on May, 15th when CFO Timothy Burns bought 2,500 shares worth more than $23,100.00. Insiders at Ideal Power own 5.1% of the company. Learn More about insider trades at Ideal Power.

Information on this page was last updated on 5/15/2023.

Laban E. Lesster Insider Trading History at Ideal Power

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
11/18/2021Sell400$18.02$7,208.00View SEC Filing Icon  
10/13/2021Sell879$14.11$12,402.69View SEC Filing Icon  
10/11/2021Sell3,430$14.21$48,740.30View SEC Filing Icon  
10/8/2021Sell3,291$14.24$46,863.84View SEC Filing Icon  
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Laban E. Lesster Buying and Selling Activity at Ideal Power

This chart shows Laban E Lesster's buying and selling at Ideal Power by year and by quarter.

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Ideal Power Company Overview

Ideal Power logo
Ideal Power Inc. focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. The company offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. It serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets. The company was formerly known as Ideal Power Converters Inc. and changed its name to Ideal Power Inc. in July 2013. Ideal Power Inc. was incorporated in 2007 and is headquartered in Austin, Texas.
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Today's Range

Now: $8.90
Low: $8.73
High: $9.30

50 Day Range

MA: $9.23
Low: $6.80
High: $13.27

2 Week Range

Now: $8.90
Low: $6.61
High: $13.98

Volume

31,337 shs

Average Volume

56,836 shs

Market Capitalization

$52.96 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.03