Manufacturing Integration Technology bags S$10.5m solar equipment order

MANUFACTURING Integration Technology (MIT), which provides automation solutions to the semiconductor industry, has secured a solar equipment order worth S$10.5 million.

The contract involves delivery of two lines of equipment for making building integrated photovoltaics (BIPVs) to an existing customer in China, which MIT did not name. BIPVs are glass window panes and claddings of buildings that serve as solar panels.

This is the single largest order for solar equipment that the company has secured since its entry into the renewable energy business in 2009.

The contract brings MIT's outstanding order book in 2015 to S$42 million, and MIT expects it to contribute positively to the company's FY2015 financial results.