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Kongsberg Automotive secured a 5-year contract extension valued at EUR 56 million from a long-standing global Tier 1 automotive supplier to supply stainless steel braided hoses. The products will be manufactured at the Suffield and Grand River plants in the US and the Ramos Arizpe plant in Mexico.
Ideal Power received orders from a global Tier 1 automotive supplier for multiple B-TRAN devices, a SymCool power module, and other products for EV applications.