Sep 4, 2018

Setup of high precision plastic part production

Project 1.2.1.4/16/A/021 “Experimental production line set up for fabrication of volumetric three dimensional image display hardware and components to them”

HansaMatrix signs first contracts about equipment delivery for experimental production line set up.

HansaMatrix has signed two contracts (on July 6th and August 10th of 2018) for equipment delivery to setup experimental production line for volumetric three dimensional image display hardware and components to them. Subjects of contracts are plastic part production and electronic assembly line equipment delivery. Equipment delivery contracts are signed within a framework of the project “Experimental production line set up for fabrication of volumetric three dimensional image display hardware and components to them”  about what there have been signed contract with Central Finance and Contracting Agency of the Republic of Latvia on 18th April of 2017 (project No 1.2.1.4/16/A/021). Equipment will be used for new, global innovative, science-intensive high technology production. New production line implements pilot manufacturing process where besides electronic circuit manufacturing will be available technologies for fabrication of high precision engineering and optical grade plastic parts.

Project total investment amount is 2.899 million EUR. EU and Latvian government grant amount is 1.015 million EUR. The rest of the project will be financed from company own and bank loan resources.