Axiscades Technologies Ltd. on Thursday announced that its subsidiary Mistral Solutions has bagged fresh pilot contracts in the electronics, semiconductor and artificial intelligence (ESAI) division. The company said the new orders, though modest in value, are strategically important as they involve two of the world’s largest hyperscalers. Together, the pilot contracts are estimated at around $1 million.
One engagement covers the development of production line testing equipment for global contract manufacturers, supporting one of the hyperscaler clients. The second contract focuses on creating development test apparatus for audio products linked to the other hyperscaler.
To execute these projects, Axiscades is ramping up its capabilities with new infrastructure in Bengaluru, including an Acoustic Lab and a 3D-printed PCB prototype facility. In addition, a front-end engineering team is being set up in the United States.
Earlier this week, the company also revealed two other pilot orders worth $1.2 million for aircraft cabin interiors design, development and retrofit solutions. These were awarded by a leading aerospace OEM and a prominent aircraft cabin interior company with operations across Europe and the U.S.
For feedback and suggestions, write to us at editorial@iiflcapital.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016, BSE Enlistment Number (RA): 5016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.