The newly patented product is designed for use in traction and locomotive systems and other high-voltage electrical networks, where safe maintenance and compact installation are essential.
It offers a significantly reduced size compared to conventional models, with an innovative contact design and easy-to-install wiring arrangements that improve both safety and ease of use, the company said.
“Our goal was to design a high-voltage (1,000 volt) disconnect and ground device that delivers superior safety performance while providing tangible benefits in terms of compactness, ease of installation and operational efficiency,” said Dr. Rajesh Kumar, Joint Managing Director of the company.
Shares of Salzer Electronics gained 16.3% to an intraday high of 889 each on Wednesday. The stock also gained on very strong volumes. As many as 40 lakh shares of the company changed hands, compared to a 20-day average of just over 21,000 shares.
Despite today’s rise, shares of Salzer Electronics have underperformed this year, having fallen 36% so far on a year-over-year basis. March and October are the only months this year where the stock posted gains. However, the stock has generated positive annual returns every year since 2019, including a 240% gain in 2024.
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