Benzinga | Oct 13, 2021 03:27PM EDT

Stanley Black & Decker Unveils New Compact Battery

* Stanley Black & Decker, Inc. (NYSE:SWK) revealed the global launch of the DEWALT POWERSTACK 20V MAX Compact Battery.

* The battery includes several features to optimize functionality and will roll out to North American DEWALT distributors, retailers, and e-commerce channels beginning December 2021.

* The company expects the global roll-out to continue through spring 2022.

* With the DEWALT POWERSTACK battery, power tool brand DEWALT will use pouch cell batteries designed for the construction industry.

* The battery is ideal for cutting, drilling, and fastening applications, precision and finishing tasks, and when working in tight spaces.

* "Our groundbreaking dependable lithium-ion battery pack represents a new threshold of cordless power tool performance, helping to further realize the full potential of the cordless jobsite of the future," said Jaime Ramirez, EVP & President of Global Tools & Storage for Stanley Black & Decker.

* Price Action: SWK shares are trading lower by 0.35% at $173.12 on the last check Wednesday.