ProPhotonix Limited Bags A Five-Year Supply Agreement From A Fortune 50 Conglomerate

  • ProPhotonix Limited (PPIX) has bagged a five-year supply agreement, from a Fortune 50 conglomerate for the supply of custom LED illumination devices and maintenance products.
  • The company is expecting revenue to equate to around $1 million per annum.
  • The supply agreement is for five years unless otherwise terminated pursuant to various provisions of the Agreement.
  • On 10th October 2019, at the time of writing, GMT 11:44 AM, PPIX shares were trading at GBX 2.05, up by 0.30 points or 17.14 per cent against the previous day closing price.