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Sono-Tek Announces Largest Order in Company History
SOTKSono-Tek (SOTK) Prism Media Wire·2024-07-31 11:00

Core Insights - Sono-Tek Corporation has announced its largest order in company history, valued at $2.95 million, from a clean energy customer, marking a significant milestone in its business growth [6][7]. Order Details - The new order consists of four production-scale systems, which will be shipped in the first half of fiscal 2026, starting March 1, 2025 [4]. - This order builds on a previous delivery of four production-scale machines to the same customer, increasing the total number of production-scale machines for this customer to eight [4]. Customer Relationship - The customer initially engaged with Sono-Tek by purchasing an R&D system to develop their processes before moving to production-scale systems [4]. - The ongoing collaboration has led to additional orders for smaller R&D machines, indicating a strong partnership and trust in Sono-Tek's capabilities [7]. Market Trends - The demand for Sono-Tek's ultrasonic coating systems is being driven by large-scale government funding initiatives in the clean energy sector, impacting applications such as carbon capture, hydrogen generation, fuel cells, and advanced solar energy [7]. - The company anticipates that the higher average selling prices (ASPs) of these systems will positively influence its growth in the coming years [7].