other material
confidence high
sentiment neutral
materiality 0.55
Applied Optoelectronics signs ~$30.9M cleanroom design-build contract; targeted completion Sept 2026
APPLIED OPTOELECTRONICS, INC.
- Contract with LCC3 Solution Inc. for 92,674 sq ft ISO 6 cleanroom at Sugar Land, TX facility.
- Total contract sum ~$30.885M; payments based on progress with 10% retainage.
- Liquidated damages cap of $1.6M; incentives up to $1.81M (schedule) and up to $3.324M (performance/warranty).
- Targeted substantial completion date: September 30, 2026.