STRAX has extended its partnership with a German personal protective equipment (PPE) specialist company to deliver Covid-19 tests to another regional government body in Germany. Total sales of the new contract award are expected to exceed MEUR 12, and the contract covers the first and second quarter of 2022. This is in addition to the previously communicated order of MEUR 32.
STRAX has worked closely with the PPE specialist company since the fall of 2021, successfully delivering Covid-19 tests. This collaboration has now resulted in a new contract award to deliver Covid-19 tests to another regional government body in Germany. The new contract will have a positive impact on STRAX result in the first and second quarter of 2022. The total sales of tests are expected to exceed MEUR 12 at a healthy underlying gross profit and is in addition to the previously communicate test sales volume of MEUR 32.
STRAX financing partner, PCP, will continue to finance the considerable order volumes with the dedicated financing for PPE related products.
“Demand for Covid-19 tests remains high globally and we expect it to continue for the coming months. We have quickly developed our capabilities in this product category and this contract award is a confirmation of that. Everyone at STRAX is grateful for being able to supply Covid-19 tests at this scale and we aim to stay on it until we´ve come out on the other end of the ongoing Covid-19 pandemic,” says Gudmundur Palmason, CEO of STRAX AB.