Littelfuse, Hirtenberger Automotive Safety Forge Product Development Joint Venture

Industrial technology manufacturing company Littelfuse Inc (NASDAQ:LFUS) Hirtenberger Automotive Safety formed a product development joint venture referred to as Pyro Technology for Intelligent Circuit Disconnection (PYTIC).
The financial terms of the transaction remain undisclosed.
Through this collaboration, PYTIC has jointly developed a highly innovative product, the Pyro Safety Module (PSM).
The PYTIC PSM caters to the most advanced electric vehicles, including the 500V and 1,000V power classes.
The PSM's most crucial advantage over other products is its even faster detection of the overcurrent event and thus a significantly faster and safer disconnection of the battery from the rest of the vehicle.
Price action: LFUS shares traded lower by 0.61% at $248.04 on the last check Thursday.