(Alliance News) - Powersoft Spa on Tuesday announced a technological collaboration with Ferrari Spa, "bringing together Italian excellence in acoustic innovation and automotive engineering," reads the released note.

The collaboration aims to develop solutions that will help improve the Ferrari brand experience in audio, minimizing energy consumption and ensuring benefits in terms of efficiency, reliability and sound quality.

Powersoft's ceo - Luca Lastrucci - said, "The collaboration with Ferrari represents a significant moment in Powersoft's history and demonstrates Italian capability and creativity in the field of acoustics in the automotive market. We share the core values of excellence, innovation and passion for engineering and technological development. We are excited to contribute our know-how to enhance Ferrari's audio experience."

Powersoft Tuesday trades in the green by 2.5 percent at EUR12.40 per share

By Maurizio Carta, Alliance News reporter

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