DE&T Signs USD 5.01 Million Contract to Provide Automation Facilities for Automotive Electronics Components
August 29, 2016 at 07:57 pm EDT
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DE&T announced that it has signed a USD 5.01 million contract to provide automation facilities for automotive electronics components. This amounts to 11.77% of its last year's revenue on a consolidated basis. The details of the contract will remain undisclosed until Oct. 30 when the contract expires due to a nondisclosure agreement clause for trade secrets.
DE&T Co., Ltd. is a Korea-based company mainly engaged in the manufacture and distribution of flat panel display (FPD) equipment and components. The Company produces inspection equipment for liquid crystal displays (LCDs), plasma display panels (PDPs) and active matrix organic light emitting diodes (AMOLEDs). The Companyâs products mainly consist of macro and micro inspections used to test defects in the thin film transistor glasses and color filter glasses by illuminations and microscopes; gross testers used to test defects in FPD cells; PDP bulb testers and label distribution protocol (LDP) devices used to test panels and conduct laser direct patterning, and others, such as components and probe units. The Company distributes its products within domestic market and to overseas markets.