HansaMatrix has received new manufacturing order in the amount of USD 4.4 million from existing customer located outside the European Union. The order consists of several products, all of which are high complexity electronic systems. Deliveries are planned from fourth quarter of 2023 until First quarter of 2025 and will, among other things, also depend on the availability of components. The execution of order is planned at the Ventspils manufacturing facility.

This large order was received from a customer in aerospace industry, which is currently classified as an industrial customer in the Company's reports. Customer's name is not disclosed under the terms of the contract.