<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 20): Genetec Technology Bhd has secured RM41.2 million in new orders from existing customers.</p></div>

<div class=newsTextDataWrapInner><p>In a filing today, the group said RM35.3 million of the orders come from electric vehicle and battery players, and RM5.9 million from hard disk drive, electronics and semiconductor players.</p></div>

<div class=newsTextDataWrapInner><p>The tenure of the projects normally ranges from three to nine months, depending on the size of the order and time frame specified by customers, it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"Scope of works will involve but not limited to concept design and detailed drawing, order and receiving of component parts, system fabrication and assembly, software coding and programming, factory set-up &amp; system testing and lastly installation, commissioning and acceptance by customers," it added.</p></div>

<div class=newsTextDataWrapInner><p>Genetec said the orders are expected to positively contribute to its earnings for the financial year ending March 31, 2022.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Genetec closed 2.96% or 11 sen higher at RM3.83, valuing the group at RM175.12 million. The counter saw 309,100 shares traded.</p></div>


Genetec Technology Bhd has secured RM41.2 million in new orders from existing customers.

Genetec secures RM41m in new orders from existing customers

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