Long-term Relationship with Military Customer Secures PARPRO’s largest Award in Company History
SANTA ANA, CA, Thursday, November 9th, 2017 -- PARPRO (4916:TW), a full service Embedded Design Solutions and Manufacturing Services company announces it secured a contract win valued at $85M. This major award comes from an existing customer and military contractor for a brand new program, and is a five year contract with an estimated annualized value of $17M per year.
Under this new contract, PARPRO will provide high end rugged computing display systems for the US Military in support of a new generation of advanced operator cockpit solutions for situational awareness. These multi-faceted rugged computing systems included printed circuit board assembly (PCBA) and system integration services with deliveries to begin in Q1, 2018.
“This program represents our largest program award to date for PARPRO, and is solid evidence of the traction we are gaining in the aerospace/defense market through our long standing relationships.” Says Thomas Sparrvik, CEO PARPRO. “Our ongoing relationship with this particular customer is a perfect example of how we partner long term, adding more value over time, and adapting to the customers changing needs.”
Work under this contract will be carried out at PARPRO Technologies, an ITAR (International Traffic in Arms Regulations) registered facility located in Santa Ana, California. PARPRO Technologies, a business unit of PARPRO, is a leader in Electronics Manufacturing Services and serves OEM customers in the aerospace/defense, medical, industrial, and computing/communications markets.
PARPRO is a full service design & manufacturing company with an emphasis on ODM solutions. We offer a comprehensive engineering-rich hardware systems with low-to-high volume manufacturing and integration/test capabilities, and pride ourselves on delivering simple to complex solutions making our manufacturing offerings competitive at virtually any volume and with any sourcing strategy. We serve customers in the aerospace/defense, gaming, medical, telecommunications and industrial markets providing time savings and cost optimization by minimizing margin stacks throughout the value chain.
PARPRO is a public company traded on the Taiwan stock exchange – PARPRO (4916:TW). For more information on investor relations reporting and regulatory information – please click here. For more information, press only: Justine Uyemura (760) 621-0699.