Cirtek sees 20% growth from new major contracts

Jan 12, 2021

Cirtek sees 20% growth from new major contracts

Manila Bulletin

by James A. Loyola

Cirtek Electronics Corporation reported that its revenues will get a 20 percent boost this year as it ramps up production for two major tier 1 customers for the full turnkey services of their new products.

“The company is fortunate to be in an industry that is about to experience a revolutionary boom and we are very excited to take part in creating and shaping a new world as we emerge where technology and communications will be a main driving force as evidenced by this pandemic,” said Cirtek Vice Chairman Jorge Aguilar.

In a disclosure to the Philippine Stock Exchange, Cirtek said it is scaling-up the production of Quad Flat No Leads Package (QFN) which is widely used for high volume Products like smart phones, PC and laptops, Wireless communication, and consumer electronics.

“These devices are predicted as major factors that will boost the global semiconductor industry growth for 2021,” the firm said.

Cirtek said its second major capacity expansion involves a global semiconductor company, based in California USA focused on Gallium Nitride (GaN) high power transistors and modules for high- voltage power conversion applications.

The product is for intelligent power modules that will increase efficiency and reliability in energy power

system, electric chargers for Electric Vehicles, Power adapters and Inverters, etc.

Meanwhile, the firm said subsidiary Cirtek Advanced Technology and Solutions is excited to roll out its 5G chipset for mass production.

In the middle of 2020, Cirtek Advanced Technologies and Solutions Inc. finalized a multi-million project with a Texas based company for the manufacture of Signal Processing Units and Indoor Radio Frequency Units.

These will be part of the system infrastructure that will be used for communication services for public safety, government, utilities, and industrial customers.

In addition, it also finalized recently a contract for manufacturing services with a New York based company to mass produce Radio Frequency Power Modules for high speed data transmission for aerospace applications.

These power modules will help provide solutions to challenging problems from deep space to depths of the ocean and serve customers in the defense, space and satellite, security, industrial, and medical industries.

Another unit, Quintel USA, Inc., is projected to release a new line of C-Band antenna family early this year following a successful auction in 2020 when US Federal Communications Commission (FCC) released its latest 5G spectrum for sale.

  • May 12, 2020

    Press Release  -  May 12, 2020

    Press Release - May 12, 2020

    Cirtek Holdings Philippines Corp., through its wholly owned subsidiary, Quintel USA, Inc.

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  • Dec 03, 2021

    Cirtek secures permit to sell

    Published by The Manila Times

    LISTED Cirtek Holdings Philippines Corp. on Thursday said it received its permit to sell and order of registration of securities from the Securities and Exchange Commission for its preferred shares offering.

    In a disclosure to the exchange, the company said it is set to offer up to 50 million cumulative, non-participating, non-voting, non-convertible perpetual and redeemable peso-denominated Preferred Class B-2 Shares with a par value of P1 each priced at P50 apiece.

    The shares will be issued as Preferred Class B-2 Subseries C or D Shares.

    Cirtek expects to raise ...

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  • Sep 16, 2020

    Cirtek unit bags contract for US telco’s 5G expansion

    Cirtek unit bags contract for US telco’s 5G expansion

    Quintel USA, Inc., a wholly owned subsidiary of Cirtek Holdings Philippines Corporation, has signed a Master Purchase Agreement

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