Trio-Tech International Receives Mass Production Order for Components of Next-Generation Point-of-Sale System Designed for the Hospitality Industry

Rhea-AI Summary

Trio-Tech International (NYSE MKT: TRT) has secured a significant mass production order for components of a next-generation point-of-sale (POS) system designed for the hospitality industry. The company will manufacture key components including advanced LCD touchscreen displays for their long-standing customer's third-generation POS system.

The components are specifically engineered to enhance operational efficiency, speed up transaction processing, and provide a user-friendly experience for businesses in the hospitality sector, including hotel chains, restaurants, and supermarkets. This marks Trio-Tech's continued involvement in all three generations of the customer's POS systems, demonstrating their ongoing role as a trusted supplier of customized electronic components.

Positive

• Secured mass production order for next-generation POS components
• Design win for third-generation system demonstrates customer retention
• Expansion in hospitality industry technology solutions

Negative

• None.

VAN NUYS, Calif.--(BUSINESS WIRE)-- Trio-Tech International (NYSE MKT: TRT), a comprehensive provider of semiconductor back-end solutions (SBS) and industrial electronics (IE), today announced the receipt of a mass production order for key components used in a third-generation point-of-sale (POS) system for a long-standing customer servicing the hospitality industry.

Trio-Tech, having played a key role in all three generations of this customer's advanced POS systems, has secured a design win for its latest electronic components. These include state-of-the-art LCD touchscreen displays designed to boost operational efficiency, accelerate transaction processing, and deliver a seamless, user-friendly experience for businesses like hotel chains, restaurants, and supermarkets.

“These next-generation components reflect our commitment to innovation and our ability to meet the evolving needs of our customers,” said S.W. Yong, Chairman and CEO of Trio-Tech International. “Obtaining this mass production order underscores Trio-Tech’s role as a trusted supplier of customized, high-performance electronic components.”

About Trio-Tech International

Trio-Tech International (NYSE MKT: TRT) is a California-based company operating in the United States, Singapore, Malaysia, Thailand, and China. Founded in 1958, Trio-Tech is a leading provider of semiconductor testing services, manufacturing solutions, and value-added distribution services. The company’s diversified business segments include semiconductor back-end solutions and industrial electronics.

For more information, visit www.triotech.com and www.universalfareast.com.

Forward Looking Statements

This press release contains statements that are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and assumptions regarding future activities and results of operations of the Company. In light of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, the following factors, among others, could cause actual results to differ materially from those reflected in any forward looking statements made by or on behalf of the Company: market acceptance of Company products and services; the divestiture of one or more business segments in response to, among other factors, changing business conditions or technologies and volatility in the semiconductor industry, which could affect demand for the Company's products and services; the impact of competition; problems with technology; product development schedules; delivery schedules; changes in military or commercial testing specifications which could affect the market for the Company's products and services; difficulties in profitably integrating acquired businesses, if any, into the Company; risks associated with conducting business internationally and especially in Asia, including currency fluctuations and devaluation, currency restrictions, local laws and restrictions and possible social, political and economic instability; changes in U.S. and global financial and equity markets, including market disruptions and significant interest rate fluctuations; trade tension between U.S. and China and other economic, financial and regulatory factors beyond the Company's control. Other than statements of historical fact, all statements made in this release are forward looking, including, but not limited to, statements regarding industry prospects, future results of operations or financial position, and statements of our intent, belief and current expectations about our strategic direction, prospective and future financial results and condition. In some cases, you can identify forward looking statements by the use of terminology such as "may," "will," "expects," "plans," "anticipates," "estimates," "potential," "believes," "can impact," "continue," or the negative thereof or other comparable terminology. Forward looking statements involve risks and uncertainties that are inherently difficult to predict, which could cause actual outcomes and results to differ materially from our expectations, forecasts and assumptions. Many of these risks and uncertainties are beyond the Company's control. Reference is made to the discussion of risk factors detailed in the Company's filings with the Securities and Exchange Commission, including its reports on Form 10-K and 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250311301759/en/

For inquiries, please contact:

PondelWilkinson Inc.

Todd Kehrli or Jim Byers

tkehrli@pondel.com

jbyers@pondel.com

Source: Trio-Tech International

FAQ

What is the latest contract secured by Trio-Tech International (TRT)?

TRT secured a mass production order for components of a next-generation point-of-sale system, including LCD touchscreen displays, for the hospitality industry.

How will TRT's new POS components benefit the hospitality industry?

The components will boost operational efficiency, accelerate transaction processing, and deliver a seamless, user-friendly experience for hotels, restaurants, and supermarkets.

What is TRT's history with this POS system customer?

TRT has been involved in all three generations of the customer's POS systems, demonstrating a long-standing business relationship.

What specific components will TRT manufacture for the new POS system?

TRT will manufacture state-of-the-art LCD touchscreen displays and other key electronic components for the third-generation POS system.