other material
confidence medium
sentiment positive
materiality 0.70
UFP Tech extends supply pact with Intuitive Surgical to 2029, boosts min volumes
UFP TECHNOLOGIES INC
- Amendment No. 27 extends Manufacturing Supply Agreement term by two years, now through Dec 31, 2029.
- Materially increases annual minimum volumes for the Company's largest program under the agreement in 2028 and 2029.
- Adds a new program to the Supply Agreement, expanding the scope of products supplied to Intuitive Surgical.
- Includes volume-based pricing tied to minimum purchase thresholds and cost-sharing provisions; specific terms redacted as confidential.
- WSUT's fleet of 22 PSVs (19 Brazilian-built) brings Tidewater's total global OSV fleet to 213 and expands Brazil presence to 28 vessels.