on STIF (EPA:ALSTI)
Upward adjustment of the 2024 turnover outlook for the BESS activity
Saint-Georges-sur-Loire, May 23, 2024 – STIF, a global specialist in explosion protection, is adjusting upwards its revenue forecasts for the 2024 financial year for its BESS (fire storage systems) activity. energy by battery).
STIF records a 30% increase in business volume with Tesla, bringing the total amount to 13 million euros. A first order was also placed by the Chinese giant SUNGROW for 5 million euros. These major contracts will strengthen the growth of STIF's BESS activity in 2024.
In February, STIF announced an agreement for 10 million euros with Tesla for explosion-proof panels in the United States. The new order of 3 million euros confirms STIF's expertise in this area.
Established in China since 2011, STIF successfully launched a commercial relationship with SUNGROW. The explosion protection panels will be manufactured in Suzhou, for delivery in the second quarter of 2024.
José Burgos, CEO of STIF, is delighted with these new collaborations which promise very promising business prospects for the group.
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