Cirtek Electronics Corp., a wholly owned subsidiary of Cirtek Holdings Philippines Corp., won a contract from a US-based chip maker and technology company to manufacture modules and chip sets that will go into 5G wireless systems.
Cirtek said in a disclosure to the stock exchange the project was expected to generate $3 million in revenues annually for the company starting 2020.
The company did not identify the Silicon Valley-based US company that specializes in telecommunications e-band ceramic modules and chipsets.
“The 5G products, which will be used for data traffic control and for high bandwidth, high speed transmitters, are expected to generate revenues to Cirtek of up to US$3M per year starting 2020,” Cirtek said.
The unnamed US-based company will transfer its assembly, pre-cap test and RF (radio frequency) final test line from the US into CEC’s facility and consign assembly and RF test equipment to CEC.
CEC, in turn ,will invest and upgrade its surface mount technology, or electronic board assembly, capabilities and capacity.
Meanwhile, Cirtek Advanced Technology and Solutions Inc. (CATSI), also a wholly-owned unit of Cirtek, expects to expand the revenue of its RF board Module Assembly manufacturing business in 2019 to $4 million, up 33 percent from the previous year.
“A major customer is consolidating its business and aims to capitalize on CATSI’s vast experience in RF, microwave, and millimeter wave manufacturing. CATSI provides high quality, cost efficient and reliable solutions for communication systems and wireless infrastructure equipment,” Cirtek said
“These new business developments highlight the Cirtek Group’s continuing capability to deliver relevant, complex, full turnkey solutions, to the benefit of our customers,”it added.