The German company, which specializes in equipment production for the solar and energy storage segments, will be delivering these orders on top of the major orders totaling $47.5 million that already came in at the beginning of the year.
A large chunk of the new orders come from the consumer electronics industry where service life and the size of batteries are becoming increasingly important. According to Manz, their advanced production systems allow longer battery life and a lighter and smaller battery.
"I am very pleased that the order situation is again moving forward, especially since we had already expected some of the orders that have now been received for the first half year. With these orders and those we are still expecting, I feel optimistic about the further development of the company," commented CEO Dieter Manz.