Thermon Group (THR) said Monday its quote log for its liquid load banks for data centers has surpassed $100 million as of April, up nearly 70% in two months.
The company said it has secured orders for about 80 units since launching the product roughly eight months ago, while its multi-year opportunity pipeline has grown to about $400 million.
Thermon Chief Executive Bruce Thames said the company's new product platforms, led by liquid load banks, could contribute roughly 5% to 7% to organic growth on top of gains already seen across the business.
Shares of Thermon were down more than 4% in premarket activity Monday.
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