Sono-Tek Announces Additional $2.95 Million Order from Specialty Clean Energy Customer
Sono-Tek (SOTK) has received an additional $2.95 million order from an existing clean energy customer, matching a recent record-breaking order. The new order includes four production-scale systems to be shipped in fiscal 2026, bringing the total to twelve systems for this customer. This repeat investment demonstrates the customer's confidence in Sono-Tek's ultrasonic coating technology.
CEO Steve Harshbarger highlighted the strong demand from the clean energy sector, driven by substantial private and public funding. Sono-Tek's systems are important for applications like carbon capture, hydrogen production, fuel cells, and advanced solar technologies. The higher average selling prices of these systems are expected to significantly boost Sono-Tek's growth prospects in the coming years.
Sono-Tek (SOTK) ha ricevuto un ulteriore ordine di 2,95 milioni di dollari da un cliente esistente nel settore delle energie rinnovabili, confermando un recente ordine record. Il nuovo ordine include quattro sistemi su scala produttiva che saranno spediti nel 2026, portando il totale a dodici sistemi per questo cliente. Questo investimento ripetuto dimostra la fiducia del cliente nella tecnologia di rivestimento ad ultrasuoni di Sono-Tek.
Il CEO Steve Harshbarger ha evidenziato la forte domanda nel settore delle energie pulite, alimentata da significativi finanziamenti privati e pubblici. I sistemi di Sono-Tek sono fondamentali per applicazioni come cattura di carbonio, produzione di idrogeno, celle a combustibile e tecnologie solari avanzate. Si prevede che i prezzi di vendita medi più elevati di questi sistemi possano incrementare significativamente le prospettive di crescita di Sono-Tek nei prossimi anni.
Sono-Tek (SOTK) ha recibido un pedido adicional de 2,95 millones de dólares de un cliente existente en el sector de energía limpia, igualando un reciente pedido récord. El nuevo pedido incluye cuatro sistemas a escala de producción que se enviarán en el año fiscal 2026, llevando el total a doce sistemas para este cliente. Esta inversión repetida demuestra la confianza del cliente en la tecnología de recubrimiento ultrasónico de Sono-Tek.
El CEO Steve Harshbarger destacó la fuerte demanda del sector de energía limpia, impulsada por financiamiento público y privado sustancial. Los sistemas de Sono-Tek son importantes para aplicaciones como captura de carbono, producción de hidrógeno, celdas de combustible y tecnologías solares avanzadas. Se espera que los precios de venta promedio más altos de estos sistemas impulsen significativamente las perspectivas de crecimiento de Sono-Tek en los próximos años.
소노텍 (SOTK)는 기존 청정 에너지 고객으로부터 295만 달러의 추가 주문을 받았으며, 이는 최근 기록적인 주문과 일치합니다. 새로운 주문에는 4개의 생산 규모 시스템이 포함되어 있으며, 2026 회계 연도에 발송될 예정이며, 이 고객을 위한 총 주문 수는 12개 시스템에 이릅니다. 이 반복적인 투자는 소노텍의 초음파 코팅 기술에 대한 고객의 신뢰를 보여줍니다.
CEO인 스티브 하시바거는 청정 에너지 부문에서의 높은 수요를 강조하였으며, 이는 상당한 민간 및 공공 자금 지원에 의해 촉진되었습니다. 소노텍의 시스템은 탄소 포집, 수소 생산, 연료전지 및 고급 태양광 기술과 같은 응용 분야에 중요합니다. 이러한 시스템의 평균 판매 가격이 상승하면 향후 몇 년간 소노텍의 성장 전망을 상당히 개선할 것으로 예상됩니다.
Sono-Tek (SOTK) a reçu une commande supplémentaire de 2,95 millions de dollars d'un client existant dans le secteur de l'énergie propre, égalant une récente commande record. La nouvelle commande comprend quatre systèmes à l'échelle de la production qui seront expédiés au cours de l'exercice 2026, portant le total à douze systèmes pour ce client. Cet investissement répétitif démontre la confiance du client dans la technologie de revêtement ultrasonique de Sono-Tek.
Le PDG Steve Harshbarger a souligné la forte demande du secteur des énergies propres, alimentée par un financement public et privé substantiel. Les systèmes de Sono-Tek sont importants pour des applications telles que la capture du carbone, la production d'hydrogène, les piles à hydrogène et les technologies solaires avancées. Les prix de vente moyens plus élevés de ces systèmes devraient stimulant considérablement les perspectives de croissance de Sono-Tek dans les années à venir.
Sono-Tek (SOTK) hat von einem bestehenden Kunden im Bereich der sauberen Energien einen zusätzlichen Auftrag in Höhe von 2,95 Millionen Dollar erhalten, der mit einem kürzlich rekordverdächtigen Auftrag übereinstimmt. Der neue Auftrag umfasst vier Produktionssysteme, die im Geschäftsjahr 2026 versendet werden, womit sich die Gesamtzahl auf zwölf Systeme für diesen Kunden erhöht. Diese wiederholte Investition zeigt das Vertrauen des Kunden in die Ultraschall-Beschichtungstechnologie von Sono-Tek.
CEO Steve Harshbarger hob die starke Nachfrage im Bereich der sauberen Energien hervor, die durch erhebliche private und öffentliche Finanzierung gefördert wird. Die Systeme von Sono-Tek sind entscheidend für Anwendungen wie Kohlenstoffabscheidung, Wasserstoffproduktion, Brennstoffzellen und fortschrittliche Solartechnologien. Von den höheren durchschnittlichen Verkaufspreisen dieser Systeme wird erwartet, dass sie die Wachstumsaussichten von Sono-Tek in den kommenden Jahren erheblich steigern.
- Received an additional $2.95 million order from an existing clean energy customer
- Total of twelve production-scale systems ordered by the same customer
- Strong demand from the clean energy sector
- Higher average selling prices expected to boost growth prospects
- None.
Insights
This $2.95 million order represents a significant win for Sono-Tek, effectively doubling their recent record-breaking order from the same customer. The total commitment now stands at 12 production systems, signaling strong customer confidence and potential for long-term revenue growth. With shipments expected in fiscal 2026, this order enhances Sono-Tek's future revenue visibility.
The clean energy sector's robust demand, fueled by substantial private and public funding, positions Sono-Tek favorably for accelerated growth. The higher average selling prices of these systems could significantly improve profit margins. Investors should note that while this order bolsters the company's long-term outlook, its impact on near-term financials will be due to the extended delivery timeline.
Sono-Tek's repeated success with this clean energy customer underscores the critical role of ultrasonic coating technology in advancing clean energy solutions. The customer's progression from R&D to large-scale production systems demonstrates the scalability and effectiveness of Sono-Tek's technology in real-world applications.
The diverse applications mentioned - carbon capture, hydrogen production, fuel cells and advanced solar technologies - highlight the versatility of Sono-Tek's systems. This positions the company well to capitalize on various segments within the rapidly growing clean energy sector. The increased demand signals a potential acceleration in clean energy technology adoption, which could lead to further opportunities for Sono-Tek in this burgeoning market.
This repeat order signifies a strong product-market fit for Sono-Tek in the clean energy sector. The customer's rapid scaling from R&D to multiple production systems suggests a successful commercialization of their clean energy technology, which could attract attention from other players in the industry.
The mention of substantial private and public funding in clean energy initiatives indicates a favorable macro environment for Sono-Tek's growth. This trend could lead to increased demand from both existing and new customers in the sector. However, investors should be aware of the potential risks associated with long lead times and the cyclical nature of government funding in emerging technologies. Sono-Tek's ability to diversify its customer base within the clean energy sector will be important for sustainable long-term growth.
4 System Order Expected to be Shipped in Fiscal 2026
Company Experiencing Strong Demand from Clean Energy Sector
MILTON, N.Y., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (Nasdaq: SOTK), a leading developer and manufacturer of ultrasonic coating systems, is pleased to announce the receipt of an additional
The latest order includes four production-scale systems, which are expected to be shipped during fiscal 2026, starting March 1, 2025. This new order builds on the previously announced eight production-scale systems, bringing the total number of production systems for this customer to twelve. Initially starting with an R&D system to develop their processes, the customer has now advanced to a significant production-scale commitment, demonstrating the effectiveness and reliability of Sono-Tek’s technology.
Steve Harshbarger, President and CEO of Sono-Tek, stated, “We are thrilled to announce this additional
Harshbarger further noted, “The substantial private and public funding directed toward clean energy initiatives is driving strong demand for our ultrasonic coating systems, which are vital for applications such as carbon capture, hydrogen production, fuel cells, and advanced solar technologies. The higher average selling prices of these systems are expected to significantly boost Sono-Tek’s growth prospects in the years ahead.”
About Sono-Tek
Sono-Tek Corporation is a global leader in the design and manufacture of ultrasonic coating systems that are shaping industries and driving innovation worldwide. Our ultrasonic coating systems are used to apply thin films onto parts used in diverse industries including microelectronics, alternative energy, medical devices, advanced industrial manufacturing, and research and development sectors worldwide. Sono-Tek's inroads into the clean energy sector are showing transformative results in next-gen solar cells, fuel cells, green hydrogen generation, and carbon capture applications as we shape a sustainable future.
Our product line is rapidly evolving, transitioning from R&D to high-volume production machines with significantly higher average selling prices, showcasing our market leadership and adaptability. Our comprehensive suite of thin film coating solutions and application consulting services are expected to generate unparalleled results for our clients and help some of the world's most promising companies achieve technological breakthroughs and bring them to the market. The Company strategically delivers its products to customers through a network of direct sales personnel, carefully chosen independent distributors, and experienced sales representatives, ensuring efficient market reach across diverse sectors around the globe.
The Company’s solutions are environmentally friendly, efficient and highly reliable, and enable dramatic reductions in overspray, savings in raw material, water and energy usage and provide improved process repeatability, transfer efficiency, high uniformity and reduced emissions.
Sono-Tek’s growth strategy is focused on leveraging its innovative technologies, proprietary know-how, unique talent and experience, and global reach to further develop thin film coating technologies that enable better outcomes for its customers’ products and processes. For further information, visit www.sono-tek.com.
Safe Harbor Statement
This news release contains forward looking statements regarding future events and the future performance of Sono-Tek Corporation that involve risks and uncertainties that could cause actual results to differ materially. These “forward-looking statements’ are based on currently available competitive, financial and economic data and our operating plans. They are inherently uncertain, and investors must recognize that events could turn out to be significantly different from our expectations and could cause actual results to differ materially. These factors include, among other considerations, general economic and business conditions, including political, regulatory, tax, competitive and technological developments affecting our operations or the demand for our products; inflationary and supply chain pressures; continued private and public funding for the clean energy sector and continued strong demand for Sono-Tek’s suite of thin film coating solutions and application consulting services in the clean energy and other markets; maintenance of order backlog; the imposition of tariffs; timely development and market acceptance of new products and continued customer validation of our coating technologies; adequacy of financing; capacity additions, the ability to enforce patents; maintenance of operating leverage; consummation of order proposals; completion of large orders on schedule and on budget; successful transition from primarily selling ultrasonic nozzles and components to a more complex business providing complete machine solutions and higher value subsystems; and realization of quarterly and annual revenues within the forecasted range of sales guidance. We undertake no obligation to update any forward-looking statement.
For more information:
Sono-Tek Corp.
Stephen J. Bagley
Chief Financial Officer
Ph: (845) 795-2020
info@sono-tek.com
Investor Relations:
Kirin Smith
PCG Advisory, Inc.
ksmith@pcgadvisory.com
FAQ
What is the value of Sono-Tek's (SOTK) latest order from the clean energy customer?
How many production-scale systems are included in Sono-Tek's (SOTK) new order?
When is Sono-Tek (SOTK) expected to ship the systems from the new $2.95 million order?
What clean energy applications use Sono-Tek's (SOTK) ultrasonic coating systems?
