Shares of Axiscades Technologies Ltd traded flat on 4th September after touching a day’s high of Rs 1,437.20. This happened even as the company announced new orders in the electronics, semiconductor, and artificial intelligence (ESAI) division of its subsidiary, Mistral Solutions.

Mistral Solutions has secured several small pilot contracts, which, although modest in size, are considered significant.

The deals involve two of the world’s largest hyperscalers and are expected to bring annuity revenue and strong growth potential. One contract covers production line testing equipment for global contract manufacturers. Meanwhile, the other focuses on development test apparatus for audio products.

The pilot programme is valued at around $1 million. To support it, the company will set up an Acoustic Lab and a 3D printed PCB prototype facility in Bengaluru. Additionally, there will be a front-end engineering team in the US.

Earlier this week, Axiscades also secured two pilot orders worth $1.2 million. These orders are for aircraft cabin interiors design, development, and retrofit solutions. They come from a global aerospace OEM and a leading aircraft cabin interior firm with operations in Europe and the US.

At 11:58 AM, the shares of Axiscades were trading 0.45% higher at Rs 1,375 on NSE.

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