HansaMatrix has signed new manufacturing contract to supply human machine interface electronic devices to industrial sector customer in Germany.

Company total revenue from the new contract in the period of 9 months from Q4 2021 until the end of Q2 2022 is expected to reach 3.3 million EUR.

"We are pleased to sign new, significant contract with the customer in Germany, indicating the increase in industrial sector demand in EU countries as Covid-19 related restrictions are reduced and as the nearshoring trend of the production relocation closer to domestic countries is accelerating to reduce the current instability and uncertainty of the global supply chains", commented Janis Sams, CEO of the Company.

Customer name according to the concluded contract shall not be disclosed.

Investor and media contact:

Māris Macijevskis, CFA
Management Board Member, Finance director
Phone: (+371) 6780 0002
E-mail: invest@hansamatrix.com

http://www.hansamatrix.com

About JSC “HansaMatrix”

HansaMatrix is a fast-growing, high-technology company offering product design, industrialization and complete manufacturing services in data networking, Internet of Things, industrial and other high added value business segments.