After several months of onsite trials Syft has just signed a letter of intent for multiple units with a large Semiconductor manufacturer for its instrument to be used as the global standard for airborne molecular contaminant monitoring in the cleanroom. While this letter of intent is non-binding, our expectation is that it will be formalised and we will deliver multiple units over the next 18 months.
This success is on top of our growing supply relationship with Samsung and there is an expectation within Syft, that we can extrapolate this success to other major players in the Semiconductor industry.
Our business in general in Asia is very strong. We opened our office in Korea earlier this month, and had over 70 customers and partners attending. They view this new office as a strong commitment to this market, and will generate even more growth to what is already a strong market.
Finally I would like to say thank you to all Syft staff. This success is due to many hours of hard work, and initiatives taken over a number of years. When we started this journey, we did not know it will lead to the customers we have today, or the Semiconductor industry in particular. The success we have today though is due to our confidence in our future, our focus on long-term profitability, and sheer persistence and hard work to persevere no matter what the obstacle. We at Syft don’t see this as success, we see this as the start.