Highway Holdings Receives Initial Customer Order for New Brushless Electric Motor [Yahoo! Finance]
Highway Holdings Limited (HIHO)
US:NASDAQ Investor Relations:
highwayholdings.com
Company Research
Source: Yahoo! Finance
received an initial order of 100,000 units for a new model of brushless electric motor from one of its largest strategic customers. The new motor was designed and manufactured by the Company specifically for such customer, with the Company serving as the Original Design Manufacturer ("ODM"), rather than as an Original Equipment Manufacturer ("OEM"). Roland Kohl , chairman, president and chief executive officer of Highway Holdings, commented, "We are very pleased to finally get this order. The development began nearly five years ago under an ODM project instead of an OEM one. However, the original schedule faced significant delays, extending over three years, due to the impact of COVID-19 and its aftermath." "We currently manufacture synchron and stepping motors for another major customer, and our new model brushless electric motor is a significant addition to our existing production lines. As soon as our new production line gears up and is fully operational, we anticipate becoming
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HIHO
News
- Highway Holdings Declares $0.05 Cash Dividend per Share; Company Sets Dividend Record and Distribution DatesPR Newswire
- HIGHWAY HOLDINGS REPORTS SECOND QUARTER FISCAL YEAR 2025 RESULTSPR Newswire
- Highway Holdings Declares $0.02 Cash Dividend per Share; Company Sets Dividend Record and Distribution DatesPR Newswire
- Highway Holdings Receives Initial Customer Order for New Brushless Electric MotorPR Newswire
HIHO
Sec Filings
- 10/11/24 - Form 6-K
- 10/1/24 - Form 6-K
- 8/30/24 - Form 6-K
- HIHO's page on the SEC website