Arbe Announces an $11.6M Dollar Preliminary Order And $1M Order Of Professional Services From Weifu High Technology Group
Portfolio Pulse from Benzinga Newsdesk
Arbe, a leading provider of next-generation 4D Imaging Radar Solutions, has received a preliminary order of $11.6M for radar chipsets and a $1M order for professional services from Weifu High Technology Group, a leading Chinese Tier 1 supplier. The orders are intended to meet Weifu's sales projections for 2024.
July 28, 2023 | 12:04 pm
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Arbe has received significant orders from Weifu High Technology Group, which could boost its revenues and profitability in the short term.
The significant orders from Weifu High Technology Group could lead to increased revenues and profitability for Arbe. This could positively impact the company's stock price in the short term.
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