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Benzinga
Benzinga
Business
Shivani Kumaresan

BorgWarner Inks Licensing Agreement With PolyCharge America

  • BorgWarner Inc (NYSE:BWA) has signed an exclusive licensing agreement with PolyCharge America Inc, a startup company formed to deliver disruptive capacitor products. The financial terms of the arrangement were not disclosed.
  • Through the agreement, BorgWarner will secure exclusive rights to bring the PolyCharge NanoLam capacitors in-house for use in the company's inverters.
  • The capacitors enable high-power inverters to be smaller, lighter, and more tolerant to high temperatures.
  • Price Action: BWA shares are trading lower by 1.70% at $43.84 on the last check Wednesday.
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