PRF Technologies Ltd (NASDAQ:PRFX) saw its stock rise 31.5% in premarket trading Wednesday after the company announced a software-as-a-service (SaaS) contract to deploy its DeepSolar AI analytics platform at the Satu Mare photovoltaic site in Romania.
The agreement with Shikun & Binui Energy will put DeepSolar into operation at the 71 megawatt facility and deliver continuous analytics and performance monitoring across the plant's operating life. Company officials noted this deployment differs from prior pilot programs because it is a commercial rollout designed to support day-to-day plant operations.
DeepSolar combines advanced analytics and machine-learning techniques to uncover performance trends, flag operational anomalies, and furnish data to support operational decision-making for utility-scale solar assets. The platform is described as helping operators improve asset performance and maximize long-term value.
"This agreement represents another step forward in the commercial rollout of DeepSolar with established infrastructure and renewable-energy operators," said Dr. Ehud Geller, Chairman and CEO of PRF Technologies.
PRF said the Satu Mare implementation builds on its recent commercial activity in Europe. The company has been broadening DeepSolar's feature set to encompass performance monitoring, predictive analytics, and technical due-diligence tools aimed at solar asset owners.
In addition to the core DeepSolar offering, PRF has introduced Smart TDD, a technical due diligence solution for solar asset transactions, and is continuing development of DeepSolar Predict, a forecasting product intended to enhance visibility into energy production. The company also filed a patent application related to plant-level micro-climate modeling as part of efforts to strengthen its intellectual property position.
Shikun & Binui Energy is the renewable-energy subsidiary of Shikun & Binui Ltd. (TASE:SKBN), an Israeli infrastructure and construction group that operates across multiple international markets.
While the announcement produced an immediate market reaction for PRF's shares, the contract underscores the company's pivot from pilot engagements to commercial operations and highlights its continued product development in monitoring, forecasting, and transaction-support applications for solar assets.