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PowerX, Inc. ( (JP:485A) ) has issued an announcement.
PowerX, Inc., an energy storage technology company, focuses on delivering large stationary battery systems like the PowerX Mega Power 2500, along with associated equipment and maintenance services for energy-sector clients. The company aims to serve operators needing advanced battery infrastructure to support power system stability and efficiency.
PowerX has secured a large-scale order worth approximately JPY 5.5 billion for its Mega Power 2500 system from an undisclosed energy-related business operator, with revenue recognition planned for the fiscal year ending December 2027. The contract, which forms part of the JPY 34.7 billion in probable orders slated for 2027, will not affect the company’s earnings forecast for the fiscal year ending December 2026, underscoring a growing medium-term order backlog without altering near-term guidance.
More about PowerX, Inc.
PowerX, Inc. operates in the energy technology sector, specializing in large-scale stationary battery energy storage systems and related equipment. Its primary offering includes the PowerX Mega Power 2500 platform, supported by ancillary services such as maintenance and servicing, targeting energy-related business operators seeking grid-scale storage solutions.
Average Trading Volume: 2,399,850
See more insights into 485A stock on TipRanks’ Stock Analysis page.