Largest Order From Clean Energy Sector to Date & Among Largest in Corporate History
MILTON, NY, Aug. 16, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that it has received an order valued at $1.1 million from a customer in the clean energy sector.
This is the largest order that Sono-Tek has received from the clean energy sector to date, one of the Company’s target sectors for growth. The order is also among the largest in Sono-Tek’s corporate history, a growing occurrence with Sono-Tek’s increased focus on providing full system solutions. The order is expected to be shipped in the spring of 2023.
Sono-Tek’s equipment applies critical thin layers used in a manufacturing step that will contribute to the process of emissions reduction. Sono-Tek’s application engineers worked closely with the customer’s development team to optimize the coating process. The customer is scaling from R&D to in-line production to meet the rapidly growing demands for their products.
Steve Harshbarger, President and COO of Sono-Tek, commented, “We’re excited to receive this substantial order that validates the investments we’ve made to serve the clean energy sector. Significant investments from governments around the world are driving demand for clean energy products. Sono-Tek’s application engineering expertise has been a vital part of our success in this sector. We have a large number of customers who are working with our highly experienced engineers and using our ultrasonic coating systems for R&D in carbon capture, hydrogen generation and fuel cell applications. Several of these companies have begun to make the transition to production volumes which can result in additional orders for Sono-Tek equipment, as is the case with this $1.1 million order, the largest we’ve received from the sector so far.”
