other material
confidence high
sentiment positive
materiality 0.75
Applied Optoelectronics enters $94.1M design-build contract for cleanroom expansion in Houston
APPLIED OPTOELECTRONICS, INC.
- Contract with LCC3 Solution Inc. for design-build of ~195,591 sq ft ISO Class 6 cleanroom, 36,500 sq ft office, and 73,780 sq ft support space.
- Total contract amount ~$94.1M; payments based on progress with 10% retainage.
- Target substantial completion by January 10, 2027; liquidated damages capped at $4.9M for delays.
- Design-builder eligible for incentives up to $6M for schedule milestones, $4.9M for cleanroom validation, and $4.9M for warranty performance.
- Project located at 11555 North Spectrum Blvd., Houston, TX.