- Pioneer Power Solutions Inc (NASDAQ:PPSI) has secured an $8 million purchase order from an automaker for its flagship E-Bloc electrical solution.
- The automaker’s recently launched division devoted to batteries and EV manufacturing awarded the purchase order.
- The specified equipment is related to the initial powering of the automaker’s new EV campus.
- E-Bloc’s design enables seamless, safe, and reliable control and protection and delivery of multiple sources of power, including green energy.
- Delivery is expected to happen in the third quarter of 2023. With the order, Pioneer’s project backlog has surpassed $35 million.
- “This is an important win for Pioneer, as our solutions were selected in a competitive bidding process across a field that included much larger players,” said Chairman and CEO Nathan Mazurek.
- Price Action: PPSI shares are trading higher by 4.78% at $2.63 on the last check Wednesday.
Nurix Announces Initial NX-1607 Phase 1 Data Presented At The 37th Annual Meeting Of The Society For Immunotherapy Of Cancer Demonstrating Targeted CBL-B Inhibition In Patients With Advanced Malignancies
Biomarker results are a positive demonstration of target engagement for this first-in-class CBL-B inhibitor
Biomarker levels achieved with NX-1607 treatment correspond to levels associated with potent anti-tumor
