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Catalist-listed Ntegrator secures S$11 million of contracts for current fiscal year
CATALIST-listed Ntegrator International Ltd, a Singapore based communications network specialist and systems integrator, on Monday announced that it has secured five contracts worth approximately S$11 million.
Two of the contracts were from the company's repeat customer Viettel, Vietnam's largest mobile network operator, for the supply of high-performance batteries. A company spokesman said that the orders were obtained under a frame contract signed in 2015, where Ntegrator was recognised as one of the main suppliers of the Narada brand of batteries to Viettel on an ongoing basis.
The new contracts marks the fourth and fifth series of orders awarded to Ntegrator to-date under the frame contract.
The third contract was awarded by a Singapore-based service provider and involves the supply, installation and commissioning of optical distribution frames and all fibre cabling accessories.
The two remaining contracts were awarded by a Singapore-based regional service provider, and involves the provision of pipeline installation and maintenance services as well as the supply of telecommunications equipment.
The company said that all five contracts are slated for delivery in fiscal 2016 and are expected to contribute positively to the company's performance for the financial year ending Dec 31, 2016, "subject to timely completion of the project and effective cost management".
Ntegrator managing director Jimmy Chang said: "The confidence placed in us by our repeat customers is testament to the group's commitment to delivering quality products and services.
"As the information communication technologies (ICT) and related infrastructure industry develops in our core markets of Singapore, Vietnam and Myanmar, we will continue to closely monitor industry developments to tap new opportunities as they arise."