Synopsis:
AXISCADES Technologies, through its subsidiary Mistral Solutions, has secured two international pilot contracts worth about $1 million from leading hyperscaler clients.
A small-cap aerospace and defence company has gained attention after its subsidiary secured international contracts worth approximately $1 million from two leading hyperscaler clients.
With the market capitalization of Rs. 5,856.18 crore, the shares of AXISCADES Technologies Ltd trading at Rs. 1,378, up by 0.68 percent from its previous day’s close price of Rs. 1,368.80 per equity share, and it has reached an intraday high of Rs. 1,437.20.
What’s the News?
AXISCADES Technologies Limited, through its subsidiary Mistral Solutions Pvt Ltd, has secured two small but strategically important international pilot contracts worth about $1 million from two hyperscaler clients.
The contracts involve designing and developing production line testing equipment for global contract manufacturers, serving one of two major hyperscaler clients and creating development test apparatus for audio products for the other hyperscaler client.
These pilot programs are expected to be executed over a period of 6 to 18 months and will be supported by investments in advanced infrastructure in Bangalore, including an Acoustic Lab and a 3D-printed PCB prototype facility, along with the setup of a front-end engineering team in the US.
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Management View
Anurag Sharma, President of AXISCADES’ ESAI division, announced that the company is moving up the value chain by securing small pilot design-to-build contracts with two leading hyperscalers, which provide annuity revenue and significant growth potential.
To support this, AXISCADES is building world-class infrastructure in Bangalore, including an Acoustic Lab and a 3D-printed PCB prototype facility, as well as establishing a front-end engineering team in the United States.
About the Company
AXISCADES Technologies Limited
AXISCADES Technologies Limited is a global technology, product, and solution provider that specializes in ESAI, aerospace, and defence. It is headquartered in Bangalore and has offices in France, Germany, Denmark, the United States, and Canada.
Over 3,000 professionals work in 17 locations around the world. The company collaborates with semiconductor, automotive, and hyperscaler OEMs, as well as defence forces, the Ministry of defence, defence labs, PSUs, and global OEMs, to leverage deep expertise in weapon systems, avionics, radar, electronic warfare, C4I2, drones, anti-drone systems, test solutions, and ground support equipment.
AXISCADES provides a comprehensive portfolio that covers the entire product development lifecycle, from concept evaluation to manufacturing support and certification, thereby reducing program risk and time to market.
Mistral Solutions Pvt. Ltd
Mistral Solutions is a chip-to-product company that provides AI-enabled aerospace and defence products such as radar, sonar, electronic warfare, telemetry, direction-finding systems, mission-critical AI-enabled SBCs, and edge video processing, making advanced technologies more accessible for complex defence missions.
Its products assist customers in leveraging innovative capabilities at the chip and system scale, allowing them to quickly convert data into decisions. Mistral Solutions Pvt. Ltd., a subsidiary of AXISCADES, is headquartered in Bengaluru, India, and operates from multiple locations around the world.
Written by Akshay Sanghavi
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