Our subsidiary Daiichi Elektronik Sanayi ve Ticaret A.Ş., in which our Company holds a 54% stake, has reached an agreement with a leading original equipment manufacturer (OEM) automotive company regarding the development, validation, and serial production of vehicle components, and has received a nomination for the relevant project.
The total value of this new business relationship and the nomination received amounts to approximately USD 100,000,000 (One Hundred Million US Dollars) over a period of approximately 5 years.
Within the scope of the project, our subsidiary Daiichi Elektronik will dedicate all necessary engineering resources to this project. This new project and business volume will strengthen our subsidiary's global position in the automotive electronics sector, while also contributing positively to our Company's consolidated revenue and profitability.
Respectfully announced to the public.
KAREL ELEKTRONİK SANAYİ VE TİCARET A.Ş.