Robotechnik subsidiary secures $9m equipment deal for automation lines

Robotechnik Intelligent Technology Co., Ltd. announced that its wholly-owned subsidiary, ficonTEC Service GmbH, through its subsidiary Flying Micro Assembly Trading (Shanghai) Co., Ltd., has signed a letter of intent with Wuhan Yilutong Technology Co., Ltd. This agreement, for the supply of automation equipment related to optical fiber prefabrication and assembly lines, is valued at approximately $9 million.

The contract amount represents over 5.74% of Robotechnik's audited operating revenue for 2024. While the letter of intent is binding, the final details will be subject to a formal contract. Robotechnik anticipates that the successful execution of this agreement will positively impact the company's operating performance in future fiscal years, enhancing its market competitiveness and technological leadership.

Yilutong, with a registered capital of 41.08 million yuan, specializes in the R&D, production, and sales of optoelectronic devices and optical fiber cables. Robotechnik confirmed that Yilutong has a good credit standing and no related-party relationship exists between the two companies.