{"id":933273,"date":"2026-02-02T09:15:23","date_gmt":"2026-02-02T14:15:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\/"},"modified":"2026-02-02T09:15:23","modified_gmt":"2026-02-02T14:15:23","slug":"ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\/","title":{"rendered":"iPower Eliminates Major Cost Center and Receives $2.3 Million in Consideration as Part of Strategic Restructuring While Retaining Core Supply Chain Platform"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">RANCHO CUCAMONGA, Calif., Feb.  02, 2026  (GLOBE NEWSWIRE) &#8212; iPower Inc. (Nasdaq: IPW) (\u201ciPower\u201d or the \u201cCompany\u201d) today announced that it has eliminated a major operating cost center while receiving total consideration of approximately $2.3 million as part of a strategic restructuring designed to streamline operations and strengthen the Company\u2019s core supply chain and fulfillment platform.<\/p>\n<p align=\"justify\">Through this transaction, iPower has removed major costs associated with online sales operations by selling its subsidiary, Global Product Marketing Inc., while retaining iPower\u2019s core supply chain, procurement, fulfillment and software infrastructure. The Company will continue to maintain its e-commerce capabilities through its internal operating experience and strategic partnerships, and also maintain ongoing commercial arrangements that provide continued access to future purchase orders and supply chain revenue opportunities, without bearing the previously associated operating expenses.<\/p>\n<p align=\"justify\">The transaction is expected to:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt;text-align:justify\">Significantly reduce operating expenses\u00a0by eliminating a major cost center;<\/li>\n<li style=\"margin-bottom:8pt;text-align:justify\">Increase iPower\u2019s asset base by approximately $2.3 million; and<\/li>\n<li style=\"margin-bottom:8pt;text-align:justify\">Preserve future supply chain revenue opportunities with positive contribution margins, which may reach up to approximately 15% under applicable commercial arrangements.\n<\/li>\n<\/ul>\n<p align=\"justify\">\u201cThis restructuring reflects a disciplined focus on efficiency and long-term value creation,\u201d said Lawrence Tan, Chief Executive Officer of iPower. \u201cBy removing a high-cost operating component while retaining our supply chain platform and commercial relationships, we have improved our cost structure, strengthened our balance sheet, and positioned iPower to pursue sustainable, margin-positive revenue opportunities going forward.\u201d<\/p>\n<p align=\"justify\">As a result of the improved cost structure and enhanced balance sheet following this restructuring, iPower noted that the Company is better positioned to prudently evaluate and support its previously announced digital asset initiatives, including its Digital Asset Treasury strategy. The Company emphasized that such initiatives remain subject to disciplined capital allocation, governance and risk management, and are intended to complement\u2014rather than replace\u2014its core operating focus.<\/p>\n<p align=\"justify\">Following completion of the transaction, iPower expects to operate with lower operating costs, improved operating efficiency and greater strategic flexibility\u00a0as it continues to evaluate opportunities aligned with its core competencies.<\/p>\n<p align=\"justify\">The Company noted that this transaction represents one step in a broader effort\u00a0to sharpen iPower\u2019s operating focus, reduce structural costs, and maintain flexibility to pursue future growth opportunities.<\/p>\n<p>\n        <strong>About iPower Inc.<\/strong>\u00a0<\/p>\n<p align=\"justify\">iPower Inc. (Nasdaq: IPW) is a technology- and data-driven online retailer and a provider of value-added e-commerce services for third-party products and brands. iPower operates a nationwide fulfillment network and is expanding infrastructure across software, logistics, and manufacturing, with an aim to also pursue initiatives in digital assets and blockchain integration. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Fzb7EUokq8Sl0ejBlhvjv8c4eImUxVSdcSBr41_3B_hCskIXlbv8gd7tEMkG4c9MVkYQriOhjJX7AmWz1c7F_HPZ3WM_NTN86C1fDQ6g0V4=\" rel=\"nofollow\" target=\"_blank\">www.meetipower.com<\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\u00a0<\/p>\n<p align=\"justify\">All statements other than statements of historical fact in this press release are forward-looking statements, including statements regarding the implementation of iPower\u2019s digital asset strategy, the anticipated benefits of holding digital assets, and iPower\u2019s future business plans in this sector. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that iPower believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201caim,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201cis\/are likely to\u201d or other similar expressions. iPower undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although iPower believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure investors that such expectations will turn out to be correct, and iPower cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results and performance in iPower\u2019s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other SEC filings.<\/p>\n<p>\n        <strong>Media &amp; Investor Contact<\/strong>\n      <\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xkO4hFL_ZYNuT6F3j4m9lSCMXtuHATbiRVpNYfWWXFUH8vd_coHtCIazMPp-mmpQSXR5aKlGkuEsPdp136IUATp9e0u_MdT70tw755FVBo8=\" rel=\"nofollow\" target=\"_blank\">IPW.IR@meetipower.com<\/a>\n      <\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY0Njg0NiM3NDAzNTc2IzIyMDg3MjI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MjgwY2QwOGItOTFiMy00N2FkLTkxYjQtYzI5MTIwNGJhMjk1LTEyMjAyNzUtMjAyNi0wMi0wMi1lbg==\/tiny\/IPOWER.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>RANCHO CUCAMONGA, Calif., Feb. 02, 2026 (GLOBE NEWSWIRE) &#8212; iPower Inc. (Nasdaq: IPW) (\u201ciPower\u201d or the \u201cCompany\u201d) today announced that it has eliminated a major operating cost center while receiving total consideration of approximately $2.3 million as part of a strategic restructuring designed to streamline operations and strengthen the Company\u2019s core supply chain and fulfillment platform. Through this transaction, iPower has removed major costs associated with online sales operations by selling its subsidiary, Global Product Marketing Inc., while retaining iPower\u2019s core supply chain, procurement, fulfillment and software infrastructure. The Company will continue to maintain its e-commerce capabilities through its internal operating experience and strategic partnerships, and also maintain ongoing commercial arrangements that provide continued access to future purchase orders and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;iPower Eliminates Major Cost Center and Receives $2.3 Million in Consideration as Part of Strategic Restructuring While Retaining Core Supply Chain Platform&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-933273","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>iPower Eliminates Major Cost Center and Receives $2.3 Million in Consideration as Part of Strategic Restructuring While Retaining Core Supply Chain Platform - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"iPower Eliminates Major Cost Center and Receives $2.3 Million in Consideration as Part of Strategic Restructuring While Retaining Core Supply Chain Platform - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RANCHO CUCAMONGA, Calif., Feb. 02, 2026 (GLOBE NEWSWIRE) &#8212; iPower Inc. (Nasdaq: IPW) (\u201ciPower\u201d or the \u201cCompany\u201d) today announced that it has eliminated a major operating cost center while receiving total consideration of approximately $2.3 million as part of a strategic restructuring designed to streamline operations and strengthen the Company\u2019s core supply chain and fulfillment platform. Through this transaction, iPower has removed major costs associated with online sales operations by selling its subsidiary, Global Product Marketing Inc., while retaining iPower\u2019s core supply chain, procurement, fulfillment and software infrastructure. The Company will continue to maintain its e-commerce capabilities through its internal operating experience and strategic partnerships, and also maintain ongoing commercial arrangements that provide continued access to future purchase orders and &hellip; Continue reading &quot;iPower Eliminates Major Cost Center and Receives $2.3 Million in Consideration as Part of Strategic Restructuring While Retaining Core Supply Chain Platform&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-02T14:15:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY0Njg0NiM3NDAzNTc2IzIyMDg3MjI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"iPower Eliminates Major Cost Center and Receives $2.3 Million in Consideration as Part of Strategic Restructuring While Retaining Core Supply Chain Platform\",\"datePublished\":\"2026-02-02T14:15:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\\\/\"},\"wordCount\":669,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTY0Njg0NiM3NDAzNTc2IzIyMDg3MjI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\\\/\",\"name\":\"iPower Eliminates Major Cost Center and Receives $2.3 Million in Consideration as Part of Strategic Restructuring While Retaining Core Supply Chain Platform - 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(Nasdaq: IPW) (\u201ciPower\u201d or the \u201cCompany\u201d) today announced that it has eliminated a major operating cost center while receiving total consideration of approximately $2.3 million as part of a strategic restructuring designed to streamline operations and strengthen the Company\u2019s core supply chain and fulfillment platform. Through this transaction, iPower has removed major costs associated with online sales operations by selling its subsidiary, Global Product Marketing Inc., while retaining iPower\u2019s core supply chain, procurement, fulfillment and software infrastructure. The Company will continue to maintain its e-commerce capabilities through its internal operating experience and strategic partnerships, and also maintain ongoing commercial arrangements that provide continued access to future purchase orders and &hellip; Continue reading \"iPower Eliminates Major Cost Center and Receives $2.3 Million in Consideration as Part of Strategic Restructuring While Retaining Core Supply Chain Platform\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\/","og_site_name":"Market Newsdesk","article_published_time":"2026-02-02T14:15:23+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY0Njg0NiM3NDAzNTc2IzIyMDg3MjI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"iPower Eliminates Major Cost Center and Receives $2.3 Million in Consideration as Part of Strategic Restructuring While Retaining Core Supply Chain Platform","datePublished":"2026-02-02T14:15:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\/"},"wordCount":669,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY0Njg0NiM3NDAzNTc2IzIyMDg3MjI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ipower-eliminates-major-cost-center-and-receives-2-3-million-in-consideration-as-part-of-strategic-restructuring-while-retaining-core-supply-chain-platform\/","name":"iPower Eliminates Major Cost Center and Receives $2.3 Million in Consideration as Part of Strategic Restructuring While Retaining Core Supply Chain Platform - 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