Stif expands its range of flameless dischargers

(CercleFinance.com) - Stif, a supplier to Tesla, continued to gain ground on the stock market on Tuesday after expanding its range with the launch of a new discharge device.


The explosion protection specialist announced yesterday the launch of a new flameless discharge system, which will enhance its Vigile product family.

The group reports that the explosion tests required to validate the effectiveness of the device as part of its certification have been successfully carried out in Norway at Gexcon , an approved testing center.

The device, presented as more compact and lighter than the previous version, should enable simpler and faster installation in industrial environments.

As a reminder, sales of the Vigilex Industry range (risk of explosion of battery energy storage systems - BESS) soared by 140% between 2020 and 2023, representing average annual growth of 34% over the period.

The system, called 'Vigiflam Vi', will be manufactured at the group's three production sites in France, China and Texas, where it plans to open a plant in September 2024.

Listed on the Paris Bourse, the Stif share gained over 7% after these announcements, bringing its gains since the start of the year to 121%.

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