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Sono-Tek Announces Additional $2.95 Million Order from Specialty Clean Energy Customer
4 System Order Expected to be Shipped in Fiscal 2026
Company Experiencing Strong Demand from Clean Energy Sector
MILTON, N.Y., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), a leading developer and manufacturer of ultrasonic coating systems, is pleased to announce the receipt of an additional $2.95 million order from an existing clean energy customer. This new order, identical in value and scope to a recent record-breaking order from the same customer, reinforces Sono-Tek's position as a key player in the clean energy sector.
The latest order includes four production-scale systems, which are expected to be shipped during fiscal 2026, starting March 1, 2025. This new order builds on the previously announced eight production-scale systems, bringing the total number of production systems for this customer to twelve. Initially starting with an R&D system to develop their processes, the customer has now advanced to a significant production-scale commitment, demonstrating the effectiveness and reliability of Sono-Tek's technology.
Steve Harshbarger, President and CEO of Sono-Tek, stated, "We are thrilled to announce this additional $2.95 million order, which matches our recent largest order in company history. This repeat investment from our clean energy customer highlights their continued confidence in our innovative ultrasonic coating solutions and proprietary thin film application technology. As they expand their production capabilities, they remain committed to leveraging our systems for both their primary clean energy projects and additional R&D initiatives."
Harshbarger further noted, "The substantial private and public funding directed toward clean energy ...