Cirtek Companies Bag New Wins for 5G and Wireless Communication Products
Cirtek Electronics Corp. (CEC), a wholly owned subsidiary of Cirtek Holdings Philippines Corp. (PSE: TECH) was recently engaged by a US-based chipmaker and technology company to manufacture modules and chip sets that will go into 5G wireless systems.
The Silicon Valley-based company specializes in telecommunications E-band ceramic modules and chipsets.
“The 5G products, which will be used for data traffic control and for high bandwidth, high speed transmitters, are expected to generate revenues to Cirtek of up to US$3 million per year starting 2020,” Cirtek said.
The US based company will transfer their assembly, pre-cap test and RF final test line from the U.S. into CEC’s facility and will consign assembly and RF test equipment to CEC. CEC in turn will invest and upgrade its surface mount technology, or electronic board assembly, capabilities and capacity.
Meanwhile, Cirtek Advanced Technology and Solutions Inc. (CATSI), also a wholly owned subsidiary of CHPC, expects to expand its RF board module assembly manufacturing business in 2019 to $4 million in revenue, or a 33% increase year-on-year.
A major customer is consolidating its business and aims to capitalize on CATSI’s vast experience in RF, microwave, and millimeter wave manufacturing. CATSI provides high quality, cost efficient and reliable solutions for communication systems and wireless infrastructure equipment.
“These new business developments highlight the Cirtek Group’s continuing capability to deliver relevant, complex, full turnkey solutions, to the benefit of our customers,” Cirtek said.
Cirtek Holdings Philippines Corp. (CHPC) is the holding company of Cirtek Electronics Corp. (CEC) and Cirtek Electronics International Corp. (CEIC), (collectively the “Cirtek Group”). Through its subsidiaries, the Company is primarily engaged in three major activities: (1) design, production and delivery of state of the art base station antenna systems for wireless communication, (2) provide complete manufacturing solutions for value-added, highly integrated radio frequency (RF), microwave and millimeter-wave technology products, and (3) provide full service/turnkey solutions including wafer probing, wafer back grinding, assembly, packaging and final testing of semiconductor devices.
CHPC through its subsidiaries harnesses more than 55 years of combined operating track record. The Company’s products cover a wide range of applications and industries, including communications, consumer electronics, power devices, computing, automotive, and industrial.
CHPC was listed on the Philippine Stock Exchange in November 2011 and carries the ticker symbol “TECH”.
