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WASION HOLDINGS (03393.HK) Secures RMB1.25 Billion Smart Grid Orders in Emerging Middle East Markets
2026-10-12 09:22:52 WASION HOLDINGS (03393.HK) announced that it recently secured a number of orders for smart grid-related products and solutions in emerging markets in the Middle East, with total contract value of approximately RMB1.25 billion, equivalent to about HKD1.47 billion. The orders mainly cover metering products and services such as smart meters, and are expected to be delivered in phases and recognized as revenue within three years. Customers are sizable and reputable local power utilities. In addition, AMI meter products of the group's wholly owned subsidiary Wasion Americas Inc. have obtained certification from the American National Standards Institute (ANSI), marking an important breakthrough in the group's expansion into the North American power market. The ANSI C12 series standards are the entry specifications used by U.S. power companies for trade settlement meters and also represent a key technical threshold for entering the U.S. power market. The standards impose stringent requirements on multiple indicators including metering accuracy, environmental adaptability, electrical safety and reliability, covering all aspects of product design, manufacturing, testing and operation. WASION HOLDINGS expects the certification to demonstrate the group's technological strength and product quality in the smart metering sector. (gc/u)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |