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Keysight (KEYS) Solutions to Enable Scania Transition to EV

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Keysight Technologies, Inc. KEYS recently announced that its Scienlab test systems will be deployed by Scania as part of its concerted efforts to shift to e-mobility for commercial vehicles. The comprehensive test solutions will likely help accelerate the development and improvement of battery cells for electric vehicles for customized battery life optimization and key actionable insights.

Sweden-based Scania, an integral part of Volkswagen AG VWAGY, primarily manufactures buses and trucks. It is developing a new state-of-the-art battery laboratory at its research and development facilities in Södertälje, Sweden, spanning 1,000 square meters, including three 250-square-meter test halls for battery cells, modules and packs. Leveraging Keysight’s Scienlab battery test system, it aims to test battery performance and lifespan in various climatic conditions ranging from -40°C to 70°C.

The customized turnkey battery laboratory solution from Keysight will enable the Volkswagen division’s effective battery testing and tailored deployment. In addition to Keysight’s Energy Storage Discover Software for test and control, Scania has also deployed its PathWave Lab Operations for Battery Test, which is an integrated, web-based lab management platform to optimize workflow, test throughput and data management. This will enable the vehicle manufacturer to better manage its resources such as lab personnel, test systems and devices under test to optimize the planning and coordination of its battery laboratory.

The laboratory will help Scania test the performance of battery packs on operational electric trucks and buses without removing batteries by parking them in close proximity and connecting them to the testing equipment. It will further help it determine the best operational conditions for the battery for tailored utilization and optimization.

Electronic devices form the very fulcrum of Internet of Things (IoT) services, wireless devices, data centers and 5G technologies. The rapid adoption of these devices is increasing the demand for electronics testing equipment. Further, technical advancements in mobile communications, semiconductors and automotive markets are likely to drive growth. Moreover, the rising demand for power management applications is a key catalyst for Keysight. Sturdy efforts toward the modification of the Internet infrastructure and evolution of smart cars & autonomous-driving vehicles bode well for its future growth potential.

It has lost 8.1% over the past year compared with the industry’s decline of 10.8%. It carries a Zacks Rank #2 (Buy).

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Here are some other stocks in the industry that investors can consider:

Clearfield, Inc. CLFD, sporting a Zacks Rank #1 (Strong Buy), is a solid pick for investors in the broader industry. You can see the complete list of today’s Zacks #1 Rank stocks here.

Clearfield delivered an earnings surprise of 37.5%, on average, in the trailing four quarters. Earnings estimates for the current year for the stock have moved up 114.7% since June 2021. Over the past year, Clearfield has gained a solid 60.7%.

Sierra Wireless, Inc. SWIR carries a Zacks Rank #2. It has a long-term earnings growth expectation of 15% and delivered an earnings surprise of 223.7%, on average, in the trailing four quarters.

Over the past year, Sierra Wireless has gained 48.3%. Earnings estimates for the current year for the stock have moved up 616.7% since June 2021. The company continues to launch innovative products for business-critical operations that require high security and optimum 5G performance.

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