BorgWarner Inks Licensing Agreement With PolyCharge America

BorgWarner Inc BWA has signed an exclusive licensing agreement with PolyCharge America Inc, a startup company formed to deliver disruptive capacitor products. The financial terms of the arrangement were not disclosed.
Through the agreement, BorgWarner will secure exclusive rights to bring the PolyCharge NanoLam capacitors in-house for use in the company's inverters.
The capacitors enable high-power inverters to be smaller, lighter, and more tolerant to high temperatures.
Price Action: BWA shares are trading lower by 1.70% at $43.84 on the last check Wednesday.

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