Inactive Instrument

Saietta Group plc

SED

GB00BNDM6X87

Saietta Group sees "astronomical" potential demand growth

April 06, 2023 at 06:27 am EDT

(via NewsDirect)

Saietta Group PLC (AIM:SED) executive chairman Tony Gott speaks to Proactive after announcing a new $6.5mln contract with US designer and manufacturer of urban delivery vehicles AYRO to supply 3,000 of Saietta's eDrive units.

Gott explains what the deal means for Saietta, highlighting that it "underpins" Saietta's manufacturing facility in Sunderland, UK.

He goes on to describe where he sees the future of demand growth for Saietta's products, describing potential Indian demand growth as "astronomical."

Contact Details

Proactive UK Ltd

+44 20 7989 0813

uk@proactiveinvestors.com

Latest news about Saietta Group plc

Saietta Group Delists from London's AIM	Apr. 05	MT
Saietta shares cancelled from AIM trading as puts itself up for sale	Apr. 05	AN
EARNINGS AND TRADING: Impairment charge pushes Quartix into the red	Mar. 04	AN
Saietta seeks buyer or fresh investment to stave off administration	Feb. 23	AN
FTSE 100 ends day higher but suffers weekly loss	Feb. 23	AN
Saietta Group Kicks Off Formal Sale Process	Feb. 23	MT
Saietta Decides to Conduct Formal Review of Strategic Options Available	Feb. 22	CI
Stocks in red amid sticky US inflation data	Feb. 13	AN
Saietta Group to Sell Production Line in UK Site, Secures Orders for eDrive Vehicles Technology	Feb. 13	MT
AIM WINNERS & LOSERS: Kefi jumps as Tulu Kapi funding closer	Feb. 13	AN
Saietta down after failing to secure steering pump contract	Feb. 13	AN
AIM WINNERS & LOSERS: Harland & Wolff rises as loan talks progress	Dec. 29	AN
Saietta narrows first-half loss as it moves towards production	Dec. 29	AN
FTSE 100 to edge higher, rounding off lacklustre year	Dec. 29	AN
Earnings Flash (SED.L) SAIETTA GROUP Reports Fiscal H1 Revenue GBP977,229	Dec. 29	MT
Earnings Flash (SED.L) SAIETTA GROUP Posts Fiscal H1 Loss GBX-7.78	Dec. 29	MT
Saietta Group plc Reports Earnings Results for the Half Year Ended September 30, 2023	Dec. 29	CI
First Class says Zigzag enthusiasm "vindicated"	Nov. 28	AN
Saietta Group Targets GBP6 Million in Fundraising	Nov. 28	MT
Molten Ventures completes raise; Saietta proposes one	Nov. 27	AN
Saietta shares surge on new order from lead Indian client	Nov. 13	AN
AIM WINNERS & LOSERS: Brave Bison wins GBP4 million in contracts	Nov. 13	AN
Saietta Group's Stock Rises With New Order for Indian JV	Nov. 13	MT
Saietta Group plc's Joint Venture Saietta VNA Secures Second Major eDrive Order from Mainstream Indian Client	Nov. 13	CI
Stocks fall as risk sentiment remains downbeat	23-10-19	AN

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Company Profile

Saietta Group Plc is a United Kingdom-based company, which is engaged in the multi-national business that designs, engineers and manufactures complete electric drivetrain (eDrive) systems for electric vehicles. The Company's technologies include Axial Flux Technology (AFT) and Radial Flux Technology (RFT) motors, power electronics, powertrain controls, mechanical axles, transmissions and vehicle control units. The Company's solutions can be tailored to a specific application. Its products have applications in Light Duty eDrives (two wheels), Light Duty eDrives (three and four wheel), Heavy Duty eDrives and Marine. Its products include eMotor, Integrated Motor and Inverter, eDrive Radial Flux, eDrive Axial Flux, eAxle, and Vehicle Control Unit (VCU). It is developing a RFT motor to complement its Axial Flux products and offer a wider power, torque and product range to customers. Its Light Duty eDrives (two wheels) products include RFT85-65 48V, AFT140i 48V and AFT140i 96V.

Sector

Heavy Electrical Equipment

More about the company

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