Globe Capacitors signs term sheet with PolyCharge America

Globe Capacitors on Monday said it has signed a term sheet with PolyCharge America to incorporate the Arizona-headquartered company’s technology into its finished capacitor products. As part of this collaboration, Faridabad-based Globe Capacitors said it will utilise the PolyCharge’s NanoLam trademark in its marketing and sales efforts. The parties added that they were working towards finalising a definitive agreement soon.“Partnering with PolyCharge allows us to bring groundbreaking technology to our customers, enabling us to elevate the performance and innovation in our product offerings,” said Sanjay Agarwal, Managing Director of Globe Capacitors said in a statement. “This partnership strengthens our product portfolio and reinforces our commitment to delivering high-quality, advanced solutions in the power electronics industry.”

PolyCharge’s NanoLam technology offers high energy density, enhanced reliability, and compact form factors, well suited for applications including electric vehicles, renewable energy systems, and industrial power supplies.

“Our collaboration with Globe Capacitors is an exciting opportunity to expand the reach of NanoLam products into new markets,” Steven Yializis, Chief Operating Officer of PolyCharge said. “With Globe Capacitors’ exceptional manufacturing capabilities and trusted presence within the Indian market, this partnership will enable us to deliver advanced capacitor solutions that cater to diverse and evolving customer needs worldwide.”