Micron Solutions announces multi-year exclusive manufacturing agreement
Micron Solutions announced that its wholly owned subsidiary Micron Products, with offices in Fitchburg, MA has entered into a multi-year agreement with its largest customer to supply a variety of their patented components and assemblies which are fabricated by Micron. Under this agreement, Micron is the exclusive manufacturer of a variety of injection molded products which are sold by the customer worldwide. Micron has received purchase orders for $3.4M for the first year of production with the expectation that shipments will be at least $3.0M-$4.0M for subsequent years of the multi-year agreement. The company expects production under the agreement to commence in Q1 of 2018.