Novacast, a software and system developer in southern Sweden, has reached an agreement with Siam Nawaloha Foundry Co Ltd for the process control system ATAS from Novacast.
The contract is valued at SEK 500 000, further income will be generated through a Technology Partner agreement with the Thai buyer.
Siam Nawaloha Foundry Co Ltd supplies foundry products to the automotive industry in Asia, primarily to Toyota.
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