Brain Scientific (OTCMKTS:BRSF) is down 23% in a week after its company Piezo Motion and STXi Motion announced a distribution partnership. STXi Motion is a multinational tech firm specializing in servomotors and motor solutions production.
On Thursday, BRSF stock ended flat at $0.27 with 150 shares, compared to its average volume of 19.4K shares. The stock has moved within a range of $0.2700 – 0.2700 after opening trading at $0.27.
Piezo Motion, STXi Motion join forces to disrupt the precision motor market in Israel
Piezo Motion will support STXi through the agreement by providing motion control and piezoelectric motors capabilities in Israel. STXi’s clients benefit from Piezo Motion’s unique precision products, which provide cost-effective automation solutions centered on motion control mechanisms. In addition, precision motors from Piezo Motion are developed with few components, allowing for low-cost products for large and small applications with a steady and reliable outcome, which aligns with STXi’s emphasis on industrial automation.
STXi Motion general manager Yosi Balbul said that Piezo Motion solutions provide customization flexibility which is highly attractive and unique for the company’s market. Yosi added that the combination of STXi’s capabilities with the motion control solutions from Piezoi Motion would be of massive value for the company’s customers. So, investors should watch BRSF.
“Piezo Motion products offer flexibility for customization, which is very unique and highly attractive for our market,” explains Yosi Balbul, the general manager of STXi Motion, who also oversees global sales. “Combining our engineering capabilities with Piezo Motion’s motion control solutions will be a huge value for our customers.”
BRSF stock is trading below the 20-Day and 50-Day Moving averages of $0.3004 and $0.2784 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.5087.