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Fae Technology S.P.A ( (IT:FAE) ) has provided an update.
FAE Technology has partnered with Socaf S.p.A. to digitalize the Aquarial line of industrial evaporative coolers. This collaboration aims to enhance energy efficiency, reduce environmental impact, and improve comfort in production environments through an integrated technological platform. The project, which has already delivered 350 cooler units and 60 control panels, is expected to double in volume by 2026, with an economic value of 400 thousand euros for the current year and a forecasted annual run rate of 1 million euros starting from 2026. The new solution offers advanced control and analysis capabilities, preventive maintenance, and reduced downtime, showcasing FAE Technology’s expertise in integrating design, hardware production, software development, and cloud-based solutions.
The most recent analyst rating on (IT:FAE) stock is a Buy with a EUR4.80 price target. To see the full list of analyst forecasts on Fae Technology S.P.A stock, see the IT:FAE Stock Forecast page.
More about Fae Technology S.P.A
FAE Technology S.p.A. is an Italian industrial group listed on the Euronext Growth Milan market of Borsa Italiana, operating in the electronics sector. The company focuses on developing and supplying hardware and software solutions, including cloud services for remote management, with a strong emphasis on digitalization and sustainability in industrial environments.
Average Trading Volume: 10,285
Technical Sentiment Signal: Sell
Current Market Cap: €51.07M
Find detailed analytics on FAE stock on TipRanks’ Stock Analysis page.