Enice Holding Company Limited
(ASX:ENC) has announced it will enter the US market after securing its first contract with PCTEL, a major US telecommunication solution vendor.
CEO Dr Wei Yu has commented the contract marks an inflexion point in the company’s growth strategy and will accelerate the deployment of the company’s products internationally.
To date the company has mainly supplied its vertically integrated wireless technology to businesses in China’s rapidly growing telecommunications sector.
The company currently supplies China Mobile, China Telecom and China Unicorn, which together control 99 percent of the market.
Enice Holding Limited reported a net profit of $2.91 million at 31 December 2015.
