In This Article:
$2.95 Million Order from Specialty Clean Energy Customer
Third Part of Expected Multi-System Program
4 System Order Expected to be Shipped in First Half of Fiscal 2026
MILTON, N.Y., July 31, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, is pleased to announce that it has received a significant new order from an existing clean energy customer. The $2.95 million order is the third part of an anticipated multi-system program and is Sono-Tek’s largest order in its history.
This new order comprises four production-scale systems and builds upon the delivery of four previously announced production-scale machines. These machines were shipped to the customer in FY2024, which ended on February 29, 2024, and during the first half of FY2025, ending February 28, 2025. With this additional order, the total number of production-scale machines for this customer will increase to eight. The customer initially purchased an R&D system from Sono-Tek to develop their processes before advancing to production-scale systems. The new order is scheduled for shipment during the first half of fiscal 2026, starting March 1, 2025.
Steve Harshbarger, President and CEO of Sono-Tek, commented, “This new order from a clean energy customer marks the largest in our company's history and is a testament to the successful collaboration between our teams. This customer has been progressively building out their production line for a specialty clean energy product, starting with an R&D unit and refining their manufacturing process with the support of our application engineering team. In addition to these production-scale systems, this customer continues to place orders for smaller R&D machines for various projects, demonstrating their ongoing trust and partnership with Sono-Tek. We anticipate further orders from this customer following the successful integration of these production systems, which leverage Sono-Tek’s proprietary thin film application technology.”
Harshbarger added, “The recent distribution of funding from large-scale government initiatives for the clean energy sector is driving demand for our proprietary ultrasonic coating systems across various applications, including carbon capture, hydrogen generation, fuel cells, and advanced solar energy. The higher average selling prices (ASPs) that these systems command are expected to positively impact Sono-Tek's growth in the coming years.”
For more information about Sono-Tek Corporation and its innovative ultrasonic coating solutions, please visit www.sono-tek.com.