TT Vision secures RM14 mil contract

KUALA LUMPUR (May 9): TT Vision Holdings Bhd said its wholly owned unit TT Vision Technologies Sdn Bhd has secured purchase orders worth US$3.15 million (RM14.02 million) for its solar cell inspection and sorting equipment.

The contract, to be fulfilled within eight to nine months, was awarded by a "global leader in solar innovation," the company said, without naming the customer.

This is the third contract the Penang-based vision equipment maker has received this year. In March, it received orders worth a total of RM23.6 million, followed by RM6.05 million in April.

According to TT Vision’s filing, the latest contract is expected to contribute positively to its earnings and net assets for the financial year ending Dec 31, 2023.

TT Vision fell five sen or 4.67% to RM1.02, translating into a market capitalisation of RM477.36 million. The stock has fallen 20.31% since the beginning of the year.