Forsee Power to Equip Tramways in the USA with Its PULSE PLUS Battery Systems

Forsee Power has been selected by Medcom to supply PULSE PLUS battery systems for up to 55 light rail vehicles in a large U.S. city, enabling off-catenary operation. The contract involves supplying 110 units of PULSE 26 PLUS RAIL batteries, with deliveries beginning in April 2026; this battery system, built on Toshiba LTO cells, offers a 20-year lifespan and high power output, enhancing tramway efficiency and reducing reliance on overhead lines.

Analysis

Forsee Power (Paris:FORSE) has secured a significant contract with Medcom, a specialist in rail vehicle power electronics, to supply its PULSE PLUS battery systems for up to 55 new hybrid battery high-floor light rail vehicles in a major U.S. city. This agreement encompasses the delivery of 110 PULSE 26 PLUS RAIL battery units, with initial shipments scheduled to commence in April 2026. The selection underscores the technological advantages of Forsee Power's PULSE PLUS system, which leverages Toshiba LTO cells to offer an exceptional 20-year lifespan and a peak power output of 400 kW. These features are critical for enabling off-catenary operation for the trams, thereby enhancing operational flexibility, reducing dependency on extensive overhead line infrastructure, and supporting the preservation of the urban landscape. The system's compliance with numerous stringent safety and industrial standards, including ISO 26262 ASIL-C, IP6K9K, and R100-3, further validates its suitability for demanding public transport applications. This contract win represents a key strategic advancement for Forsee Power in the North American rail market and affirms its expertise in providing high-durability, high-power battery solutions for heavy-duty electric vehicles, aligning with the broader global shift towards sustainable urban transportation. The provided general sentiment score of 0.75 (Positive) and a specific ticker sentiment of 0.9 for FORSE further reflect the favorable market perception of this development.

Key Decisions for Investors

• Investors should interpret this contract as a strong validation of Forsee Power's advanced battery technology and its expanding footprint in the strategically important North American rail market, which could serve as a catalyst for future growth opportunities.
• It is important to factor in the medium-term revenue realization horizon, as deliveries for this specific contract are slated to begin in April 2026, impacting future financial projections and order book visibility.
• Ongoing monitoring of Forsee Power's execution capabilities on this project, alongside its success in securing additional contracts in the rail and heavy commercial vehicle segments, will be crucial for assessing its sustained growth trajectory and market leadership potential.