Light Science Technologies Holdings PLC (AIM:LST) told investors it has landed another order in its Contract Electronics Manufacturing (CEM) division, from a customer in the sports entertainment sector.
The order, valued at £537,000, is the fourth from the same customer since winning them as a client in February and will bring the total number of ordered units to 20,000. Delivery is expected across October and November.
“We are delighted with the continued momentum and traction within sports entertainment in the CEM division,” chief executive Simon Deacon said in a statement.
“We are especially pleased with the speed and quantum of follow-on orders from this client – having only announced them as a new customer in February of this year.
“The combination of our existing client base with the potential to add new customers, underpins management’s confidence in the division.”
LSTH said it expects the CEM unit to generate between £9 million and £9.5 million of revenue this year, which is in line with previous projections.
Light Science Technologies lands another sports entertainment order (proactiveinvestors.co.uk)
