HansaMatrix has signed manufacturing contract and has received first orders to supply high complexity electronic device to customer in transportation industrial sector in Nordic countries. Forecasted HansaMatrix total revenue from the new contract in the period until the end of 2022 is expected to reach 1.5 million EUR.

“Signing of a new manufacturing agreement and starting of cooperation with a new industrial customer from Nordic countries during COVID-19 restrictions period, has to be considered as high valuation of HansaMatrix as EMS supplier. We are happy that all preparation work has resulted in production orders and customer has entrusted us the manufacturing of his new product”, commented Jānis Sams, COO 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.