XCEL receives Development and Production orders for $2M60K from Prime Multi-National Company
DATE RELEASE: DATE 25th January 2015
XCEL Power Systems Ltd are pleased to announce that they have been awarded an initial production contract for a defence related product, from a prime Multi-National company.
This contract is for a product that has previously been in the design phase and has now been qualified for production. It is in a rapidly growing market sector, and XCEL are very pleased to be involved with both the product and with our customer.
Commenting on the new order, Richard Weller, Managing Director of XCEL Power Systems stated ‘This production contract confirms our investment in time and money with the prime Multi National Company concerned, and whilst this company has been a major customer to XCEL for some considerable while, it is pleasing to see substantial orders for what is fundamentally a new product.
Whilst this initial contract is extremely important to XCEL, further orders for the same product are expected in 2016. This, and the other contracts we are working on with the same customer, continues to further our relationship with this major customer’