At the beginning of 2020, the market was hit by the epidemic, and the resumption of work was delayed. All industries suffered a huge strike. O-Net has overcome all difficulties, and its performance has reached new heights while doing a good job in epidemic prevention and control.
Through the joint efforts of marketing, sales, Research & Development, procurement and QA departments, eight months technical and business communication with customers and four rounds of bidding, O-Net stand out from the fierce competition with its strong competitors.We got off to a great start in the first quarter with orders from the world's leading and well-known North American network equipment suppliers.Customer will pay high upfront research and development costs, which will bring the company close to $10 million in annual sales.
This is the second large project of optical amplifier board that we have won in the past year.This order is not only a great recognition of the company's product innovation and delivery ability, but also marks a new milestone in the company's optical amplifier products and board business.
In order to adapt to the characteristics of IP service, optical transmission network began to support the dynamic flexible allocation of bandwidth intelligent optical network development direction.This product will be applied to the next generation of intelligent optical network systems, multimedia transmission and data center interconnection.It will play an essential role in the future intelligent optical network. We believe that the high value-added products created by this cooperation will be welcomed by the global customers of these two companies, which will bring O-Net unlimited business opportunities in the field of intelligent optical network.
Wind and tide, just break out of the encirclement;There is still a long way to go, but we must forge ahead.The trumpet of 2020 has been sounded. With the spirit of 'wisdom, faith, benevolence, courage and strict', O-Net will go all out for the decisive victory in 2020 with the belief, high morale, resolute action, and create more brilliant achievements of O-Net!