- 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.
Reported On October 20; On October 17, 2023, Agrify Received Nasdaq Staff Determination Of Non-Compliance With Listing Rule 5250(c)(1); Agrify Intends To Timely Request A Hearing Before A Nasdaq Hearings Panel
Agrify Corporation (NASDAQ:AGFY) ("Agrify"), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced that on October 17, 2023 it received a letter from the
