Key Technology, Inc. (NASDAQ: KTEC) today announced it has entered into an agreement under which it expects to sell over $20 million of equipment to a leading North American vegetable processor over the next two-and-one-half years.
The equipment will be configured and installed pursuant to individual purchase orders received from the customer beginning in the second half of fiscal 2009 and continuing through fiscal 2011.
Approximately three-quarters of the orders are expected to be for new optical inspection equipment and upgrades, with the balance for associated material handling and processing equipment.
Key Technology Announces Agreement With Major Vegetable Processor
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