Axiscades Technologies Secures USD 1.4M Contracts with US Firms
Filing Summary
Axiscades Technologies Limited, through its subsidiary Mistral Solutions Private Limited, has been awarded contracts by two US-based companies, Axon Enterprise Inc and Stratacache Inc. The contracts involve design, development, and production activities valued at approximately USD 1.4 million. These international contracts are set to be executed over a period of one year. There is no involvement of related party transactions, and the promoter group has no interest in the awarding entities. This update was disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements.
Axiscades Technologies Limited, through its subsidiary Mistral Solutions Private Limited, has secured contracts from Axon Enterprise Inc and Stratacache Inc, both based in the United States. The contracts are for design, development, and production services. The total value of these contracts is approximately USD 1.4 million, and they are expected to be completed over a period of one year.
The contracts awarded are international in nature and do not involve any related party transactions. Additionally, there is no interest from the promoter or promoter group in the entities awarding these contracts. This information was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The contracts with Axon Enterprise Inc and Stratacache Inc represent a significant engagement for Mistral Solutions, focusing on the development and production sectors. The specific terms and conditions of these contracts were not detailed beyond the scope of work mentioned.
Axon Enterprise Inc is known for its focus on public safety technologies, including the development of devices and software solutions for law enforcement agencies. Stratacache Inc specializes in digital signage, content distribution, and marketing technology solutions, serving various industries with its innovative products.
Axiscades Technologies Limited is engaged in providing technology solutions across various sectors, including aerospace, defense, and heavy engineering. The company focuses on delivering comprehensive engineering services and solutions, leveraging its expertise to cater to the needs of global clients. Axiscades continues to expand its footprint in international markets through strategic contracts and partnerships.