Kontrolmatik jumps after its unit signs production deal with US-based ONE
ReutersMay 20, 2025 8:30 AM
Shares in Kontrolmatik KONTR.IS rise around 7% after its subsidiary Pomega signed a production agreement with U.S. battery producer Our Next Energy (ONE)
The Turkey-based engineering company says Pomega will manufacture lithium iron phosphate (LFP) battery cells developed by ONE
Brokerage Deniz Yatirim says this development is "positive in terms of the realisation of (Kontrolmatik's) future targets and supporting the revenue growth"
Kontrolmatik has set Pomega revenue targets of $105 million for 2025, $315 million for 2026 and $450 million for 2027, the brokerage notes
Kontrolmatik's stock is among top performers on Turkey's main BIST-100 index .XU100
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