TMCNet: Siasun Robot&Automation Wins CNY293mn Purchase Contracts

[January 11, 2013]

Siasun Robot&Automation Wins CNY293mn Purchase Contracts

Jan 11, 2013 (SinoCast Daily Business Beat via COMTEX) -- Siasun Robot and Automation Co., Ltd. (SZSE: 300024) announced on January 10 that it signed an equipment procurement contract and a contract of purchase with a total value of CNY 293 million with an important department.


According to the announcement, the equipment procurement contract is concerned with the transportation system for transshipment (heavy-duty mobile robot-AGV system), with a transaction price of CNY 144 million. The contract of purchase is related to the automatic transshipment robot system, with a transaction value of CNY 149 million. The two contracts will be executed before the end of December 2013.

As shown in the announcement, the execution of the contracts is expected to exert a positive impact on the 2013 operating performance. The signing of the contract indicates a recognition of the company's position as a supplier in the national defense field, and lays a solid foundation for the company to enter into the national defense field in a comprehensive way, which will have a great and far-reaching influence on the future development.

AGV: Automatic Guided Vehicle Source: www.yicai.com (January 11, 2013)

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