FOM Technologies receives a large-scale laboratory machine order from the United Arab Emirates Technology Innovation Institute (TII).
The contract has been realized through FOM’s Middle Eastern distributor, Integrated Scientific Solutions (ISS), and represents the second sale since our recently established partnership. The TII is part of the Abu Dhabi Government’s Advanced Technology Research Council (ATRC), which oversees technology research in the Emirate.
The flagship machine—the FOM alphaSC slot-die coater in a customized version—represents a pinnacle of precision engineering, enabling unparalleled coating capabilities essential for the development and production of cutting-edge technologies. This sale cements FOM Technologies’ position at the forefront of innovation, supporting ambitious pioneers within solar R/D, among others.
CEO of FOM Technologies Michael Stadi, states:
“At FOM, we see a large potential for our technology to be adapted first in R&D and later on a larger scale in the Middle East. It’s a fast-moving, innovative part of the World where Clean Energy adoption is high on the agenda, and recently, we have started to get traction. An exciting and positive development for FOM”.
This investor news will not change the 2024 financial guidance for revenue and EBITDA.