Dec. 11 at 3:27 PM
$WETH
WeTouch (NASDAQ:WETH) won two long-term supply qualifications with Siemens for its industrial high-end Human-Machine Interface (HMI) series and core Programmable Logic Controller (PLC) touchscreen products.
The agreements run for five years and are expected to contribute approximately USD 10 million in additional annual revenue during the contract period. The HMI project targets Siemens' high-end series in Germany/Europe; the PLC touchscreen project will be rolled out mainly in Southeast Asia.
This secures WeTouch's position in Siemens' supply chain, supports geographic expansion in Europe and Asia, and validates the company's touch technology and quality controls.