Moso Power announced that it has signed a contract with South Africa's ALTECH MULTIMEDIA (PTY) LIMITED for a switching power supply purchase of approximately US$8 million (approximately RMB 50 million). The contract stipulated that the company will supply ALTECH with 2.4 million set-top box switching power supplies of 18W/48W.
It is reported that ALTECH has a registered capital of 4 billion US dollars and has maintained a good cooperative relationship with the company since 2009. According to the order of the order, it will be paid within 12 months from the effective date of the contract; the purchase contract amount accounts for 9.09% of Moso Power's 2012 operating income.
Moso Power's main business is LED intelligent drive power, solar photovoltaic inverter, DC/DC high efficiency, high density module power supply, medical / communication power supply, switching power supply, high frequency transformer research and development, production and sales; Sales of components, hardware and plastic parts, and energy storage system solutions for new and renewable energy.
According to the research report, due to its strong customization properties, the domestic power supply industry is characterized by a large number of enterprises and a small scale, which is difficult to grow up quickly. However, Moso Power has solved the problem of capacity bottleneck and quality improvement through IPO, and will obviously lead other domestic competitors. The company's performance is expected to achieve rapid growth after the mass production of fundraising projects.
It is reported that ALTECH has a registered capital of 4 billion US dollars and has maintained a good cooperative relationship with the company since 2009. According to the order of the order, it will be paid within 12 months from the effective date of the contract; the purchase contract amount accounts for 9.09% of Moso Power's 2012 operating income.
Moso Power's main business is LED intelligent drive power, solar photovoltaic inverter, DC/DC high efficiency, high density module power supply, medical / communication power supply, switching power supply, high frequency transformer research and development, production and sales; Sales of components, hardware and plastic parts, and energy storage system solutions for new and renewable energy.
According to the research report, due to its strong customization properties, the domestic power supply industry is characterized by a large number of enterprises and a small scale, which is difficult to grow up quickly. However, Moso Power has solved the problem of capacity bottleneck and quality improvement through IPO, and will obviously lead other domestic competitors. The company's performance is expected to achieve rapid growth after the mass production of fundraising projects.
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