Ann: Elsight signed additional contract of US$5.08M, page-7

  1. 6,936 Posts.
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    I am finally able to read the whole announcement. And very pleasingly once again found that like previous orders, this order also commands an upfront payment:

    Under the terms of the agreement, deliveries are scheduled throughout 2025. Similar to previous orders, the new contract includes a significant up-front payment to support working capital and procurement needs, with the balance payable upon delivery. Elsight’s existing production capacity remains sufficient to fulfill the expanded demand without delay

    Again, they need ELS to deliver successfully! Proves how important Halo is to their infrastructure
 
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