- Industrial technology manufacturing company Littelfuse Inc (NASDAQ:LFUS) Hirtenberger Automotive Safety formed a product development joint venture referred to as Pyro Technology for Intelligent Circuit Disconnection (PYTIC).
- The financial terms of the transaction remain undisclosed.
- Through this collaboration, PYTIC has jointly developed a highly innovative product, the Pyro Safety Module (PSM).
- The PYTIC PSM caters to the most advanced electric vehicles, including the 500V and 1,000V power classes.
- The PSM’s most crucial advantage over other products is its even faster detection of the overcurrent event and thus a significantly faster and safer disconnection of the battery from the rest of the vehicle.
- Price action: LFUS shares traded lower by 0.61% at $248.04 on the last check Thursday.
ESAB Q1 Adj. EPS $1.17 Up From $1.12 YoY, Sales $647.91M Up From $568.13M YoY
ESAB (NYSE:ESAB) reported quarterly earnings of $1.17 per share. This is a 4.46 percent increase over earnings of $1.12 per share from the same period last year. The company reported $647.91 million in sales this
