diff --git a/CHANGELOG.md b/CHANGELOG.md
index db518b1..4f5a768 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -11,6 +11,14 @@ For more details or to discuss releases, please visit the
 
 ## [Unreleased]
 
+## [0.9.4] - 2026-07-16
+
+- Parts whose variation codes a value rather than a plain number, such as
+  `ICS-0047-02V5` for 2.5 V or `RES-0008-8R3m` for 8.3 mOhm, are now accepted
+  everywhere an IPN is read. Releases of these parts previously failed, the
+  KiCad HTTP API served them without a category, and the TUI could suggest a
+  next available IPN that collided with one of them.
+
 ## [0.9.3] - 2026-07-15
 
 - KiCad HTTP API: parts are now named by their IPN, so a placed symbol's library
diff --git a/CLAUDE.md b/CLAUDE.md
index 332a8e3..5c2fb7e 100644
--- a/CLAUDE.md
+++ b/CLAUDE.md
@@ -123,7 +123,11 @@ and ASY have recursive BOMs.
 
 Purchased: `RES`, `CAP`, `DIO`, `LED`, etc.
 
-Format: `CCC-NNN-VVVV` where N is 3-4 digits, V is always 4 digits.
+Format: `CCC-NNN-VVVV` where N is 3-4 digits, and V is 4 alphanumeric
+characters. V often codes a value rather than a plain number, such as `02V5` for
+2.5 V or `047n` for 47 nH, so its case is significant. `reIpn` in `ipn.go` is
+the single definition of this format -- parse IPNs through the `ipn` type rather
+than matching the format again elsewhere.
 
 ### Data Flow for Release Processing
 
diff --git a/csv_data_test.go b/csv_data_test.go
new file mode 100644
index 0000000..257065f
--- /dev/null
+++ b/csv_data_test.go
@@ -0,0 +1,60 @@
+package main
+
+import "testing"
+
+// The highest N in a category may belong to a part whose variation codes a
+// value, such as the 02V5 (2.5 V) below. Those parts still have to count
+// towards the max N, otherwise the next IPN collides with an existing part.
+func TestNextAvailableIPN(t *testing.T) {
+	tests := []struct {
+		name string
+		rows [][]string
+		want string
+	}{
+		{
+			name: "digit variations",
+			rows: [][]string{
+				{"ICS-0045-0001"},
+				{"ICS-0046-0000"},
+			},
+			want: "ICS-0047-0001",
+		},
+		{
+			name: "max N has a value coded variation",
+			rows: [][]string{
+				{"ICS-0045-0001"},
+				{"ICS-0046-0000"},
+				{"ICS-0047-02V5"},
+			},
+			want: "ICS-0048-0001",
+		},
+		{
+			name: "3 digit N is preserved",
+			rows: [][]string{
+				{"PCB-001-0500"},
+			},
+			want: "PCB-002-0001",
+		},
+		{
+			name: "rows that are not IPNs are ignored",
+			rows: [][]string{
+				{"ICS-0045-0001"},
+				{"not an ipn"},
+				{""},
+			},
+			want: "ICS-0046-0001",
+		},
+	}
+
+	for _, test := range tests {
+		t.Run(test.name, func(t *testing.T) {
+			got, err := nextAvailableIPN(test.rows, 0)
+			if err != nil {
+				t.Fatalf("nextAvailableIPN() error: %v", err)
+			}
+			if got != test.want {
+				t.Errorf("nextAvailableIPN() = %q, want %q", got, test.want)
+			}
+		})
+	}
+}
diff --git a/ipn.go b/ipn.go
index c02e02f..f5f6bba 100644
--- a/ipn.go
+++ b/ipn.go
@@ -11,60 +11,38 @@ import (
 
 type ipn string
 
-var reIpn = regexp.MustCompile(`^([A-Z][A-Z][A-Z])-(\d{3,4})-(\d\d\d\d)$`)
-var reC = regexp.MustCompile(`^[A-Z][A-Z][A-Z]$`)
+// reIpn is the single definition of the IPN format: CCC-NNNN-VVVV, and
+// CCC-NNN-VVVV for legacy 3-digit N.
+//
+// VVVV codes a variation and is alphanumeric rather than digits only, because
+// it often encodes a value: 02V5 denotes 2.5 V, and 047n denotes 47 nH. Case is
+// significant, since SI prefixes such as the m in 8R3m (8.3 mOhm) rely on it.
+var reIpn = regexp.MustCompile(`^([A-Z][A-Z][A-Z])-(\d{3,4})-([0-9A-Za-z]{4})$`)
 
 func newIpn(s string) (ipn, error) {
 	_, _, _, err := ipn(s).parse()
 	return ipn(s), err
 }
 
-func newIpnParts(c string, n, v int) (ipn, error) {
-	if n < 0 || n > 9999 {
-		return "", errors.New("N out of range")
-	}
-
-	if v < 0 || v > 9999 {
-		return "", errors.New("V out of range")
-	}
-
-	if len(c) != 3 {
-		return "", errors.New("C must be 3 chars")
-	}
-
-	if reC.FindString(c) == "" {
-		return "", errors.New("C must be in format CCC")
-	}
-
-	nFmt := "%03v"
-	if n > 999 {
-		nFmt = "%04v"
-	}
-	return ipn(fmt.Sprintf("%v-"+nFmt+"-%04v", c, n, v)), nil
-}
-
 func (i ipn) String() string {
 	return string(i)
 }
 
-// parse() returns C (category), N (number), V (variation)
-func (i ipn) parse() (string, int, int, error) {
+// parse() returns C (category), N (number), V (variation). V is returned as a
+// string because it is not always a number.
+func (i ipn) parse() (string, int, string, error) {
 	groups := reIpn.FindStringSubmatch(string(i))
 	if len(groups) < 4 {
-		return "", 0, 0, errors.New("Error parsing ipn")
+		return "", 0, "", errors.New("Error parsing ipn")
 	}
 
 	c := groups[1]
 	n, err := strconv.Atoi(groups[2])
 	if err != nil {
-		return "", 0, 0, fmt.Errorf("Error parsing N: %v", err)
-	}
-	v, err := strconv.Atoi(groups[3])
-	if err != nil {
-		return "", 0, 0, fmt.Errorf("Error parsing V: %v", err)
+		return "", 0, "", fmt.Errorf("Error parsing N: %v", err)
 	}
 
-	return c, n, v, nil
+	return c, n, groups[3], nil
 }
 
 // nWidth returns the number of digits in the N segment of the IPN
@@ -95,11 +73,6 @@ func (i ipn) n() (int, error) {
 	return n, err
 }
 
-func (i ipn) v() (int, error) {
-	_, _, v, err := i.parse()
-	return v, err
-}
-
 var ourIPNs = []string{"PCA", "PCB", "ASY", "DOC", "DFW", "DSW", "DCL", "FIX"}
 
 func (i ipn) isOurIPN() (bool, error) {
diff --git a/ipn_test.go b/ipn_test.go
index 3307bed..a42b6de 100644
--- a/ipn_test.go
+++ b/ipn_test.go
@@ -6,19 +6,26 @@ type ipnTest struct {
 	ipn   string
 	c     string
 	n     int
-	v     int
+	v     string
 	valid bool
 }
 
 func TestIpn(t *testing.T) {
 	tests := []ipnTest{
-		{"PCB-001-0500", "PCB", 1, 500, true},
-		{"ASY-200-1000", "ASY", 200, 1000, true},
-		{"SY-200-1000", "", 0, 0, false},
-		{"ASY-0001-0001", "ASY", 1, 1, true},     // 4-digit N
-		{"PCB-0123-0500", "PCB", 123, 500, true}, // 4-digit N
-		{"ASY-20-1000", "", 0, 0, false},
-		{"ASY-200-100", "", 0, 0, false},
+		{"PCB-001-0500", "PCB", 1, "0500", true},
+		{"ASY-200-1000", "ASY", 200, "1000", true},
+		{"SY-200-1000", "", 0, "", false},
+		{"ASY-0001-0001", "ASY", 1, "0001", true},   // 4-digit N
+		{"PCB-0123-0500", "PCB", 123, "0500", true}, // 4-digit N
+		{"ICS-0047-02V5", "ICS", 47, "02V5", true},  // V codes 2.5 V
+		{"CAP-0006-04R7", "CAP", 6, "04R7", true},   // R as a decimal point
+		{"IND-0005-047n", "IND", 5, "047n", true},   // n codes nH
+		{"RES-0008-8R3m", "RES", 8, "8R3m", true},   // 8.3 mOhm
+		{"ASY-20-1000", "", 0, "", false},           // N too short
+		{"ASY-200-100", "", 0, "", false},           // V too short
+		{"ASY-200-10000", "", 0, "", false},         // V too long
+		{"ics-0047-0000", "", 0, "", false},         // C must be upper case
+		{"ICS-0047-02_5", "", 0, "", false},         // V is alphanumeric only
 	}
 
 	for _, test := range tests {
diff --git a/kicad_api.go b/kicad_api.go
index 9067d66..9926332 100644
--- a/kicad_api.go
+++ b/kicad_api.go
@@ -6,7 +6,6 @@ import (
 	"log"
 	"net/http"
 	"path/filepath"
-	"regexp"
 	"sort"
 	"strings"
 	"sync"
@@ -238,15 +237,14 @@ func (s *KiCadServer) findColumnIndex(file *CSVFile, columnName string) int {
 	return -1
 }
 
-// extractCategory extracts the CCC component from an IPN
+// extractCategory extracts the CCC component from an IPN, or returns an empty
+// string if the IPN is not in the format described on the ipn type.
 func (s *KiCadServer) extractCategory(ipnStr string) string {
-	// IPN format: CCC-NNNN-VVVV (also supports CCC-NNN-VVVV for legacy)
-	re := regexp.MustCompile(`^([A-Z][A-Z][A-Z])-(\d{3,4})-(\d{4})$`)
-	matches := re.FindStringSubmatch(ipnStr)
-	if len(matches) >= 2 {
-		return matches[1]
+	c, err := ipn(ipnStr).c()
+	if err != nil {
+		return ""
 	}
-	return ""
+	return c
 }
 
 // getCategoryDisplayName returns a human-readable name for a category
diff --git a/kicad_api_test.go b/kicad_api_test.go
new file mode 100644
index 0000000..4b81ba7
--- /dev/null
+++ b/kicad_api_test.go
@@ -0,0 +1,42 @@
+package main
+
+import "testing"
+
+type extractCategoryTest struct {
+	ipn      string
+	category string
+}
+
+func TestExtractCategory(t *testing.T) {
+	tests := []extractCategoryTest{
+		{"ICS-0046-0000", "ICS"},
+		{"PCB-001-0500", "PCB"},
+		{"ASY-0001-0001", "ASY"},
+		// VVVV may encode a value such as voltage, so it is alphanumeric
+		{"ICS-0047-02V5", "ICS"},
+		{"REG-0006-03V3", "REG"},
+		{"CAP-0006-04R7", "CAP"},
+		{"CAP-0003-220M", "CAP"},
+		// SI prefixes in the variation are lower case
+		{"IND-0005-047n", "IND"},
+		{"RES-0008-8R3m", "RES"},
+		// Malformed IPNs have no category
+		{"SY-200-1000", ""},
+		{"ASY-20-1000", ""},
+		{"ASY-200-100", ""},
+		{"ASY-200-10000", ""},
+		{"ics-0047-0000", ""},
+		{"ICS-0047-02V", ""},
+		{"ICS-0047-02_5", ""},
+		{"", ""},
+	}
+
+	s := &KiCadServer{}
+
+	for _, test := range tests {
+		got := s.extractCategory(test.ipn)
+		if got != test.category {
+			t.Errorf("extractCategory(%q) = %q, want %q", test.ipn, got, test.category)
+		}
+	}
+}
diff --git a/release.go b/release.go
index 0dc99f7..de69d71 100644
--- a/release.go
+++ b/release.go
@@ -21,7 +21,7 @@ func processRelease(relPn string, relLog *strings.Builder, pmDir string) (string
 	}
 
 	relPnBase := relIpn.base()
-	relPnBaseWithVar := fmt.Sprintf("%v-%02v", relPnBase, v/100) // First two digits of variation
+	relPnBaseWithVar := fmt.Sprintf("%v-%v", relPnBase, v[:2]) // First two characters of variation
 
 	bomFile := relPnBase + ".csv"
 	bomFileWithVar := relPnBaseWithVar + ".csv"