Synertec Corporation Limited ( (AU:SOP) ) has issued an update.
Synertec Corporation Limited has announced a strategic partnership and investment in PHNXX Pty Ltd, a company specializing in low-cost, agricultural applications for containerized Battery Energy Solar Systems. This collaboration allows Synertec to expand its market reach by adapting its Powerhouse technology for PHNXX’s systems, targeting smaller, less critical applications. The partnership is expected to generate recurring revenue through software services and cross-company sales cooperation. Synertec’s investment in PHNXX, alongside Engie and the Victorian Government, will also enable the company to leverage PHNXX’s supply chain and manufacturing expertise, enhancing its industry positioning and offering new opportunities for stakeholders.
More about Synertec Corporation Limited
Synertec Corporation Limited is a technology design and development company focused on providing renewable, standalone, grid-forming micro-grid electrification power systems for industrial-scale applications in remote areas. Their primary product, Powerhouse, is designed to improve client operations, operator safety, and production output in target markets.
YTD Price Performance: -25.00%
Average Trading Volume: 353,529
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$23.37M
For detailed information about SOP stock, go to TipRanks’ Stock Analysis page.