Cirtek Advanced Technologies and Solutions Inc., a pioneer in radio frequency/wireless broadband manufacturing, said it expects revenues to triple this year rto $36 million with the start of commercial operations of its production facility for US-based Quintel.
Cirtek ATS signed a multi-year manufacturing contract with Quintel, a leading innovator of spectrum and space-efficient base station antennas in November 2015.
“Cirtek ATS continues to ramp up to support the growing demands of Quintel. Cirtek ATS expects revenue to triple this year reaching $36 million,” the company said in a statement.
The production facility and capital equipment, costing $6 million, was set up at Cirtek ATS’ new 6,000-square-meter manufacturing facility at Laguna Technopark, Biñan, Laguna.
Cirtek ATS added over 200 personnel, including workers, engineers and managers for the project. Cirtek ATS said the Quintel contract was worth $10 million to $20 million for the first 12 months, with the potential to double within the next two to three years.