- BorgWarner Inc BWA has signed an exclusive licensing agreement with PolyCharge America Inc, a startup company formed to deliver disruptive capacitor products. The financial terms of the arrangement were not disclosed.
- Through the agreement, BorgWarner will secure exclusive rights to bring the PolyCharge NanoLam capacitors in-house for use in the company's inverters.
- The capacitors enable high-power inverters to be smaller, lighter, and more tolerant to high temperatures.
- Price Action: BWA shares are trading lower by 1.70% at $43.84 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
