Company Has Received Over $5 Million in New Orders During the Current Quarter for Burn-In Boards Supporting GPU and CPU AI-Related Demand

SINGAPORE & VAN NUYS, Calif. -- (Business Wire)

Trio-Tech International (NYSE American: TRT), a comprehensive provider of semiconductor back-end solutions and a global value-added supplier of electronic equipment, today announced it has received approximately $2.6 million in new orders to supply high-performance Burn-In Boards (BIBs) to North American and European customers for its AI GPU platform.

These orders are in addition to the approximately $2.5 million in new orders referenced in Trio-Tech’s recently announced fiscal third-quarter earnings release, bringing the total new orders received during the quarter to over $5 million. These orders follow the company’s March announcement of approximately $5.3 million in orders for high-performance Burn-In Boards supporting a next-generation AI GPU platform and underscore the demand for Trio-Tech’s burn-in and reliability solutions for advanced AI computing applications.

“These additional orders reflect the momentum we are seeing among customers developing advanced semiconductor devices for AI computing applications,” said S.W. Yong, Chairman and Chief Executive Officer of Trio-Tech International. “The current order activity reflects growing demand for our burn-in and reliability solutions for advanced CPU and GPU computing requirements and automotive EV applications.”

Mr. Yong added, “Trio-Tech’s business momentum demonstrates our position as a trusted key partner for semiconductor reliability and performance validation. Our recent progress, including strong year-to-date revenue growth, improving profitability trends, and our ongoing significant expansion in Malaysia, demonstrates our continued focus on aligning capacity and capabilities with increasing customer demand in the high-growth GPU/CPU AI and EV automotive markets.”

In its fiscal third-quarter earnings release, Trio-Tech reported total revenue of $16.5 million, up 124% from the prior-year quarter, and Semiconductor Back-End Solutions revenue of $13.1 million, up 141% year over year. The company also announced plans to expand its footprint in Malaysia through a newly executed lease for an additional 104,000 square feet in Perai, Penang, adding significant capacity for AI-related testing services and supporting the strong demand from our North American and European customers in Southeast Asia.

About Trio-Tech International

Trio-Tech International (NYSE MKT: TRT) is a California-based company operating in the United States, Singapore, Malaysia, Thailand, and China. Founded in 1958, Trio-Tech is a leading provider of semiconductor testing services, manufacturing solutions, and value-added distribution services. The Company’s diversified business segments include Semiconductor Back-End Solutions and Industrial Electronics.

For more information, visit http://www.triotech.com/ and www.universalfareast.com. Follow Trio-Tech on LinkedIn.

Forward Looking Statements

This press release contains statements that are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and assumptions regarding future activities and results of operations of the Company. In light of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, the following factors, among others, could cause actual results to differ materially from those reflected in any forward looking statements made by or on behalf of the Company: market acceptance of Company products and services; the divestiture of one or more business segments in response to, among other factors, changing business conditions or technologies and volatility in the semiconductor industry, which could affect demand for the Company's products and services; the impact of competition; problems with technology; product development schedules; delivery schedules; changes in military or commercial testing specifications which could affect the market for the Company's products and services; difficulties in profitably integrating acquired businesses, if any, into the Company; risks associated with conducting business internationally and especially in Asia, including currency fluctuations and devaluation, currency restrictions, local laws and restrictions and possible social, political and economic instability; changes in U.S. and global financial and equity markets, including market disruptions and significant interest rate fluctuations; trade tension between U.S. and China and other economic, financial and regulatory factors beyond the Company's control. Other than statements of historical fact, all statements made in this release are forward looking, including, but not limited to, statements regarding industry prospects, future results of operations or financial position, and statements of our intent, belief and current expectations about our strategic direction, prospective and future financial results and condition. In some cases, you can identify forward looking statements by the use of terminology such as "may," "will," "expects," "plans," "anticipates," "estimates," "potential," "believes," "can impact," "continue," or the negative thereof or other comparable terminology. Forward looking statements involve risks and uncertainties that are inherently difficult to predict, which could cause actual outcomes and results to differ materially from our expectations, forecasts and assumptions. Many of these risks and uncertainties are beyond the Company's control. Reference is made to the discussion of risk factors detailed in the Company's filings with the Securities and Exchange Commission, including its reports on Form 10-K and 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

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Source: Trio-Tech International