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The latest update is out from Spectra ( (TSE:SSA) ).
Spectra Products Inc. has entered into a non-exclusive distribution agreement with CarGenerator Inc. to distribute CarGenerator, a lightweight and maintenance-free portable generator. This innovative product allows vehicles to become backup power sources, addressing the increasing frequency and duration of power outages due to factors like extreme weather and aging infrastructure. The agreement positions Spectra to offer a cleaner and quieter alternative to traditional gas generators, potentially expanding their market reach and providing a valuable solution for emergency power needs.
More about Spectra
Spectra Products Inc. is a Toronto-based company that designs, manufactures, and distributes wheel end safety products for the transportation industry. Their product line includes Brake Safe®, Zafety Lug Lock®, Hub Alert, and the Termin-8R® line of anti-corrosion and extreme pressure lubricants, which also protect electric vehicle equipment.
Average Trading Volume: 18,059
Technical Sentiment Signal: Sell
Current Market Cap: C$2.45M
See more data about SSA stock on TipRanks’ Stock Analysis page.