TT Vision secures RM23.6mil contract for solar cell inspection equipment

KUALA LUMPUR: TT Vision Holdings Bhd's (TVH) wholly-owned subsidiary, TT Vision Technologies Sdn Bhd, has secured purchase orders for its solar cell inspection equipment for RM23.6 million from one of the largest solar cells manufacturers in the world.

The contract is expected to be fulfilled within six to nine months during the financial year ending December 31, 2023 (FY23).

TVH chief executive officer and executive director Goon Koon Yin said the company is delighted in securing orders from a major solar player in the global stage.

"This proves TVH's capabilities and expertise in the machine vision equipment industry.

"These orders for solar cell inspection equipment indicate increased in solar related capital expenditure among the solar industry players.

"Given this latest batch of purchase orders, we expect the revenue contribution from the solar cell inspection equipment segment to our total revenue in FY23 to be higher," he said in a statement today.

TVH is involved in the development and manufacturing of machine vision equipment and provision of related products and services.

"Moving forward, we will continue to focus on our core competency in the machine vision equipment industry through research and development as well as our marketing efforts," Goon said.