TYO:485A

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PowerX Lands 1.7 Billion Yen Battery Order for Vietnam, Marking First Overseas Export

PowerX (TYO:485A) has secured its first international order, a 1.7 billion yen large-scale battery storage system for Vietnam, placed by Toyota Tsusho Group (TYO:8015) member Elematec (TYO:2715).The PowerX Mega Power 2700 units will contribute to regional grid stability and energy security, with revenue expected in the latter half of the year, according to a Tokyo bourse filing on Friday.While the order was not included in the previously disclosed 2.2 billion yen pipeline, the company maintains its existing earnings forecast for now.

TYO:2715TYO:485ATYO:8015

Asia18d ago

PowerX Initiates Preparations to Shift Tokyo Stock Exchange Listing to Prime Market

Battery storage manufacturer PowerX (TYO:485A) has decided during an executive committee meeting to begin preparing an application to transfer its listing from the Tokyo Stock Exchange's Growth Market to the Prime Market.The move aims to support the company's mid- to long-term expansion and enhance shareholder value, according to a Tokyo bourse filing on Wednesday.No timeline has been set for submitting the application or securing approval, and the company acknowledged that preparations could be halted due to current uncertainties.PowerX also warned that failing to meet all listing requirements may result in the stock exchange rejecting the change, though it pledged to disclose any significant developments promptly.

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