Pioneer Power Solutions, Inc. rose 3.54% intraday, with the company's stock price increase aligning with the recent news of Nanoramic, Inc. securing a strategic equity investment from ITOCHU Corporation. This investment will accelerate the global commercialization of Nanoramic's Neocarbonix(R) battery technology, which is designed to deliver significant improvements in battery cost, energy density, power, and fast-charging performance. The investment follows a period of significant momentum for Nanoramic, including a $44 million funding round co-led by General Motors.
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