RoboGroup T.E.K. (Nasdaq: ROBO) today announced that it had received a follow-on order worth $2 million from a school network in South America.
Under the agreement, RoboGroup will provide training systems for advanced manufacturing technology to the vocational school network.
RoboGroup delivered the first phase of this technology to 18 schools in the network a few years ago.
The advanced manufacturing technology laboratories will include hardware, software, and curriculum content, all of which will be controlled by an in- classroom learning management system. RoboGroup expects to complete the project by the end of 2002.
RoboGroup managing director Noam KraOz said, ``We view this order as affirmation of the customer's satisfaction with our products and services and hope to leverage this success with other potential customers.''
RoboGroup engages in three business sectors. The first focuses on high tech ventures. The second is comprised of Yaskawa Eshed Technology (YET), a joint venture with Japan's Yaskawa Electric Corp., which provides industrial motion controls and robots. The third sector is devoted to RoboGroup's learning products.
RoboGroup shares closed on Nasdaq at $1.10 on Friday.
Published by Israel's Business Arena on 15 April, 2002