RoodMicrotec secures ? 9 million order
(Thomson Reuters ONE) -
PRESS RELEASE
Zwolle, 01 September 2015
RoodMicrotec has signed a contract with an OEM (Original Equipment Manufacturer)
to engineer a new product (chip), for which RoodMicrotec will subsequently
perform volume production test throughout the life cycle of the product. The
turnover volume over this life cycle will be approx. ? 9 million. The
engineering work for the performance of the order will be done in the second
half of 2015 and the first half of 2016. The subsequent volume production,
mainly testing, will start in the middle of 2016 and will increase over a number
of years to approx. ? 1.2 million a year.
This customer, a new addition to RoodMicrotec's customer base, is a medium-sized
fast growing stock exchange listed OEM. The internationally operating company
very successfully markets new industrial and consumer products, and is realising
15% to 20% annual sales growth per year.
The market for high-grade chips is increasingly dominated by 12" wafers. They
have higher capacity and tend to have the highest grade technology. In the
context of this order, RoodMicrotec will make a limited (approx. ? 350,000)
investment in additional hardware for this 12" wafer technology, which it will
also be able to use for other high-grade orders. With this additional
investment, RoodMicrotec will establish a unique position in its segment as a
service provider to fabless companies (design houses).
Of the approx. ? 9 million value of this order, approx. 90% of the work will be
done in-house by RoodMicrotec. Apart from the limited investment, we have all
the infrastructure in place. We were able to do all the pre-engineering,
research and development engineering that were necessary to offer the customer a
good solution with our own engineers.
After securing this order, our quote portfolio remains at least at the level
stated in our press release of 8 January 2015, which put our quote portfolio at
over EUR 10 million. It therefore remains high and contains significant
potential for further key orders.
'RoodMicrotec is very pleased to add, with considerable effort, a new promising
and fast growing customer to our customer base. The customer was so impressed by
our experience and facilities that it entrusted us with this order', said
RoodMicrotec CEO Philip Nijenhuis.
About RoodMicrotec
With more than 40 years' experience as an independent value-added service
provider in the area of micro and optoelectronics, RoodMicrotec offers Fabless
Companies, OEMs and other companies a one-stop shop proposition. With its
powerful solutions RoodMicrotec has built up a strong position in Europe.
Our services comply with the industrial and quality requirements of the high
reliability/space, automotive, telecommunications, medical, IT and electronics
sectors.
Certified by RoodMicrotec concerns inter alia certification of products to the
stringent ISO/TS 16949 standard that applies to suppliers to the automotive
industry. The company also has an accredited laboratory for test activities and
calibration to the ISO/IEC 17025 standard.
Its value-added services include failure & technology analysis, qualification &
burn-in, test & product engineering, production test (including device
programming and end-of-line service), ESD/ESDFOS assessment & training, quality
& reliability consulting, supply chain management and total manufacturing
solutions with partners.
RoodMicrotec has branches in Germany (Dresden, Nördlingen, Stuttgart), United
Kingdom (Bath) and the Netherlands (Zwolle).
Further information:
Philip Nijenhuis, CEO Telephone: +31 38 4215216
Postal address:
RoodMicrotec N.V., PO Box 1042, 8001 BA Zwolle
Email: investor-relations(at)roodmicrotec.com
RoodMicrotec_EUR 9 million order_E:
http://hugin.info/130789/R/1948913/708098.pdf
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originality of the information contained therein.
Source: RoodMicrotec N.V. via GlobeNewswire
[HUG#1948913]
Unternehmensinformation / Kurzprofil:
Datum: 01.09.2015 - 08:01 Uhr
Sprache: Deutsch
News-ID 417115
Anzahl Zeichen: 4810
contact information:
Town:
Zwolle
Kategorie:
Business News
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