FORTEC Elektronik Aktiengesellschaft / DE0005774103
03.07.2024 - 15:59:36FORTEC Group wins another contract worth millions in the defence market
| FORTEC Elektronik Aktiengesellschaft / Key word(s): Incoming Orders/Incoming Orders 03.07.2024 / 15:59 CET/CEST The issuer is solely responsible for the content of this announcement. FORTEC Group wins another contract worth millions in the defence market FORTEC Power GmbH (formerly Emtron GmbH), a subsidiary of the stock exchange-listed FORTEC Elektronik AG has received a large contract for DC/DC converters and EMC filters from a renowned manufacturer for defence solutions. The contract value is in the mid-single-digit million euro range. Product production has already started and the contract runs to the third quarter of 2025. With this order, the FORTEC Group has secured significant business in the defence sector. Furthermore, FORTEC foresees further orders and new projects in this sector with customers who have demanding requirements for power electronics. The special DC/DC converters and EMC filters from FORTEC Power GmbH are some of the most reliable products in the sector. The FORTEC Group has a comprehensive range in the power electronics sector with products that are developed and produced in-house, along with those produced by cooperation partners. Sandra Maile, CEO of FORTEC Elektronik AG, comments: “I would like to congratulate our competent team at FORTEC Power on another contract worth millions in the defence sector. This contract confirms that our strategic orientation with robust, efficient and cost-effective solutions in the range for our target markets of transportation, medical and defence with high requirements is right and is valued by our customers.” Sandra Maile Chair of the Management Board FORTEC Elektronik AG | Augsburger Str. 2b | 82110 Germering | Germany Phone: +49 89 894450 232 aktie@fortecag.de | www.fortecag.de FORTEC Elektronik AG (ISIN Share: DE0005774103, WKN: 577410), based in Germering, Germany, was founded in 1984 as an international distributor of standard solutions in the field of power supplies, embedded systems and displays. In addition, the FORTEC Group today offers customer-specific developments and complete system developments. Since April 2020, FORTEC Elektronik AG has been the holding company responsible for management of the affiliated companies, group strategy and essential parts of the administration. FORTEC Elektronik AG has subsidiaries in Germany, Switzerland, the UK and the USA. For better legibility, the generic masculine form is used in the text. Of course, all genders are referred to equally without any intent to discriminate. 03.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | FORTEC Elektronik Aktiengesellschaft |
| Augsburger Str. 2b | |
| 82110 Germering | |
| Germany | |
| Phone: | +49 (0)89 89 44 50 0 |
| Fax: | +49 (0)89 89 44 50 123 |
| E-mail: | aktie@fortecag.de |
| Internet: | www.fortecag.de |
| ISIN: | DE0005774103 |
| WKN: | 577410 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1939187 |
| End of News | EQS News Service |
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