HansaMatrix high-tech company gets EUR 5.3 million order from Nordic client

• Published date: 06 May 2022
• Publication title: LETA

RIGA, May 6 (LETA) - Latvian high-tech company HansaMatrix has received a manufacturing order worth EUR 5.3 million from an industrial client in Nordic countries, the company said in a statement to Nasdaq Riga.

The Latvian company has received an order to supply electricity overhead distribution line fault indication systems in 2022 and 2023, starting in the fourth quarter of this year.

The name of the customer has not been disclosed citing a confidentiality clause in the contract.

s reported, electronic system development and manufacturing company HansaMatrix Group posted EUR 21.962 million in turnover last year, which is 2.8 percent less than in 2020, as the group's losses increased 2.3 times to EUR 1.952 million. HansaMatrix parent company...