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SARASOTA, Fla. - Helios Technologies, Inc. (NYSE:HLIO), a profitable $1.12 billion market cap company, announced Monday the launch of its High Current Power Distribution Module (HCPDM), developed by its subsidiary Enovation Controls. According to InvestingPro data, the company maintains strong liquidity with current assets exceeding short-term obligations.
The new module is designed to manage high current loads in extreme environments, with a total output capacity of up to 200 amps. The product targets applications in construction equipment, recreational marine, specialty vehicles, and military platforms. This product launch comes as Helios generates annual revenues of $789.4 million, though InvestingPro analysis shows the company is currently trading at a relatively high P/E ratio of 28.4x.
According to the company’s press release, the HCPDM features six configurable inputs, eight high-current outputs of 40 amps each, and two low-current outputs for relay control. The module is housed in a sealed aluminum enclosure with an IP69K rating for protection against vibration, shock, moisture, and temperature extremes.
The device supports CAN 2.0B and SAE J1939 protocol compatibility for integration with machine networks, and includes advanced features such as per-channel current feedback with adjustable overcurrent protection.
"The HCPDM is a powerful evolution of the popular IX3212 power distribution module and delivers advanced switching capabilities with high diagnostic fidelity," the company stated.
Sean Bagan, President, Chief Executive Officer and Chief Financial Officer of Helios, described the module as a combination of "power and intelligence" that allows customers to "push their systems further for challenging environments."
Helios Technologies specializes in motion control and electronic controls technology for various markets including construction, material handling, agriculture, energy, and marine applications. The company has maintained dividend payments for 29 consecutive years, demonstrating consistent shareholder returns. For deeper insights into Helios’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro, which offers exclusive metrics and expert research reports.
In other recent news, Helios Technologies reported its first-quarter 2025 earnings, surpassing Wall Street expectations with an earnings per share (EPS) of $0.44, exceeding the forecasted $0.36. The company achieved revenue of $195.5 million, which was higher than the anticipated $187.73 million. KeyBanc upgraded Helios Technologies from Sector Weight to Overweight, setting a price target of $40.00, citing potential in the company’s new leadership and strategy. Helios Technologies also appointed Ian Walsh to its Board of Directors, expanding the board back to seven members. Furthermore, shareholders approved the re-election of Doug Britt and Diana Sacchi, along with the election of Sean Bagan, during the company’s annual meeting. Helios Technologies announced the continuation of its quarterly cash dividend of $0.09 per common share, marking over 28 years of consecutive quarterly dividends. The company has also launched new products across its flagship brands and reduced its net debt and inventory levels significantly.
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