Sensata (ST) Boosts Portfolio With New SGX Series Contactors

Company Overview - Motorola provides services and solutions to government segments, public safety programs, large enterprises, and wireless infrastructure service providers, focusing on analog and digital two-way radio, voice and data communications products, and end-to-end enterprise mobility solutions [1] - Sensata Technologies (ST) is a global industrial technology company that develops, manufactures, and sells sensors and sensor-rich solutions, as well as electrical protection components and systems [5] Recent Financial Performance - In the last reported quarter, ST's revenues increased by 0.9% year over year to $1,006.7 million, surpassing the consensus mark by 1.9% [2] Product Launches and Innovations - Sensata recently launched its SGX Series of contactors, designed for low-power applications such as residential energy storage systems and DC fast charging stations [3] - The SGX Series includes models SGX150, SGX250, and SGX400, featuring gas-backfilled designs for low and stable contact resistance, optimized for specific applications [9][10] - ST enhanced its PreView Radar product portfolio with the launch of PreView STA79, aimed at improving operator awareness and fleet safety for medium and heavy-duty vehicles [6] Technological Advancements - The SGX Series contactors utilize ceramic-to-metal weld technology for a hermetically sealed design, allowing usage up to 175°C and effective management of over-current situations [4] - The SGX Series adheres to industry standards such as IEC 60664-1 and RoHS, and is UL certified, ensuring compliance with safety and performance requirements [11] Business Growth and Market Position - Sensata has secured over $2.3 billion in new business over the past three years, with $1.3 billion coming from the electrification business, indicating strong growth in this sector [7] - Frequent product launches are contributing to top-line expansion for Sensata, positioning the company for robust organic growth [14] Stock Performance - ST currently holds a Zacks Rank 3 (Hold), with shares having lost 15.9% over the past year compared to the sub-industry's growth of 18.6% [12]