Pioneer Power gains on partnership with UAE-based Savvy Charging

Pioneer Power Solutions

02/12/2025 15:02

** Shares of heavy electrical equipment maker Pioneer Power Solutions PPSI.O rise ~2% at $3.78

** Company's e-Boost business unit signs a Memorandum of Understanding (MoU) with Savvy Charging Technologies, an EV charging operator in the United Arab Emirates

** The MoU leads PPSI's entry into the Middle East while generating recurring franchise revenue and other revenue-sharing opportunities beginning in 2026

** Partnership will deliver a mobile e-Boost G.O.A.T. pilot unit in Q1 2026

** Including session's moves, PPSI down 8.5% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))