Sep 1, 2019

Project No. Q3 news

Q3, 2019 has ended for implementation of project No. “Experimental production line set up for fabrication of volumetric three-dimensional image display hardware and components to them”.

Significant progress has been reached with the purchase of optics inspection system, chosen supplier OptoAlignment (US) has started the construction and building works of LAS-BT-VIS optics inspection system that is supposed to be delivered on Q4, 2019.

An open tender procedure for 4000 kN plastic production machine purchase has been announced on Q3, 2019 and evaluation of the offers is on-going.

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 the company’s own and bank loan resources.