Sono-Tek Announces $2.19M Order from Specialty Clean Energy Customer, Second Part Of Expected Multi-System Program
Portfolio Pulse from Happy Mohamed
Sono-Tek Corporation (NASDAQ:SOTK) has received a $2.19 million order from an existing clean energy customer, marking the largest order in the company's history. The order is for three production scale systems and is expected to be shipped in the first half of fiscal 2025. This follows an earlier order for one production scale system due to ship in the current fiscal year. The company expects additional orders from this customer and sees potential benefits from higher average selling prices for these systems.
August 04, 2023 | 1:03 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Sono-Tek Corporation has received a significant order from a clean energy customer, which is expected to positively impact its revenues in the coming years. The order is the largest in the company's history, indicating strong demand for its products.
The news of a record order from a clean energy customer is a strong positive for Sono-Tek Corporation. This indicates robust demand for its products and is expected to boost its revenues in the coming years. The company's anticipation of additional orders from the same customer further strengthens the positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100