Inventronics Limited has inked a multi-million-dollar deal to supply its custom enclosure products to an American corporation.
The Calgary-based company (IVT-TSE) said recently it has signed a sales agreement that will generate $8 million a year in new sales.
The identity of the client has not been disclosed “for competitive reasons,” but Inventronics said it is a well-established corporation with a staff of more than 1,000 and an international production and client base.
The company said the new U.S. customer is from one of five industries – cable television, computer servers, electronic controls, electric utilities and energy resources – identified by Inventronics as target growth areas.
“This agreement is on target with Inventronics’ long-term strategy of diversifying beyond the telecom industry,” said president and CEO Dan Stearne.
“Our telecom customers remain vitally important, but we are also happy to report that in recent months, we have added many new customers in all five of the industries we identified to broaden our markets and customer base.”
Founded in 1970, Inventronics designs and manufactures custom enclosures and related products for the communications, electronics and other industries in North America and the UK.
