3 E Network Commences Phased Delivery of Approximately $5.0 Million Core Storage Hardware Order
3 E Network's Hong Kong subsidiary has begun phased delivery of the first batch of products under its approximately $5.0 million core storage hardware sales contract, shipping enterprise-grade high-density memory modules and data center-grade storage controllers. Revenue from the contract is expected to be recognized progressively as fulfillment milestones are met, with customer payments supporting operating cash flow and improving revenue visibility over coming quarters.
Key figures
- Deal Value Usd
- 5000000
- Contract value
- $5.0 million
- Revenue recognition
- progressive based on fulfillment milestones
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