Thin client and virtual desktop solutions developer Chip PC Technologies Ltd. (TASE:CPPC) has received a follow-on order worth more than NIS 2 million from a large US retail chain. Last year, Chip PC successfully installed 10,000 computers with this customer.
Chip PC did not disclose the name of the customer, which it described as a "retail giant", saying only that the order is strategically important, in view of previous work with it.
Chip PC is controlled by co-founders chairman and CEO Ora Meir Soffer and director Aviv Soffer, with a 59.7% stake between them. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) owns a 19.1% stake.
Chip PC's share price was unchanged in early trading today at NIS 0.568, giving a market cap of NIS 12.7 million.
Published by Globes [online], Israel business news - www.globes-online.com - on February 24, 2010
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