24th Aug 2015 08:11
LONDON (Alliance News) - ProPhotonix Ltd on Monday said it has won a three-year supply deal with an unnamed optimal imaging equipment manufacturer.
The company will provide customer LED illumination devices and diode laser modules to the customer.
The three-year deal has the potential to deliver up to USD1.0 million in annual revenue at the expected quantities, ProPhotonix said. Production will start in the fourth quarter, it said.
"The agreement is the culmination of nearly two years of work with our customer, ultimately delivering an innovative solution and capability that will provide them with a superior market solution," said Tim Losik, ProPhotonix's chief executive and president.
Shares in ProPhotonix were untraded early Monday, having last traded in July at 1.50 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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