Published By Maria Romero Daily Tribune
Quintel USA Inc., the United States-based unit of Philippine Stock Exchange-listed firm Cirtek Holdings Philippines Corp., has extended a master supply agreement with two telecommunication companies in North America.
In a disclosure, Cirtek said the agreement between Quintel USA and two unnamed carriers provides for a business extension of another five years.
“This comes at a time following a series of new product introductions released by Quintel when fifth-generation (5G) is at an inflection point,” Cirtek said.
It added, “Quintel’s 5G products are precisely designed with the customer’s network architecture in mind allowing synergies in terms of backward compatibility to existing infrastructure while providing 5G capability at a fraction of the cost against competitor products.”
Quintel expects to grow its business in the near to medium term due to the relevance of its products and positive customer reception.
According to a research and market study published in March, the global 5G base station market is anticipated to grow by a compounded annual growth rate of around 32 percent through 2028, with an estimated cross-market valuation of $177 billion by 2028.
By 2025, the total amount of traffic carried on mobile networks will grow to 4,150 exabytes, and 58 percent is likely to come from 5G.
Cirtek also expects 5G subscriptions to grow from around 200 million in 2020 to about three billion in 2025. The global number of connected devices is projected to increase to 43 billion in 2023, an approximated threefold increase from 2018.
Jan 13, 2025
Published by Bilyonary
Bilyonaryo Jerry Liu’s Cirtek Advanced Technologies and Solutions Inc. (CATSI) has been named the No. 1 contract manufacturer for evaluation boards by U.S.-based semiconductor firm Analog Devices Inc. (ADI) for the fourth quarter of 2024.
The recognition marks CATSI’s rise to the top spot after ranking third in the first half of the year and second in the third quarter, ADI said.
Evaluation boards are a critical business line for ADI, enabling the promotion of its analog, mixed-signal, and digital signal processing (DSP) integrated circuits (ICs) to electronic design com...
Read moreMar 13, 2022
Published by Philstar
MANILA, Philippines — Cirtek Holdings Philippines Corp. (CHPC) has raised its environmental standards and management systems.
In a statement, CHPC said that its subsidiaries, Cirtek Electronics Corp. (CEC) and Cirtek Advanced Technology Solutions Inc. (CATSI) recently passed their ISO 14000 audits with Zero (0) non-conformance.
“Considering the stringent requirements of an ISO 14000 certificate, the company considers this a victorious achievement,” CHPC said.
The internationally recognized quality standards mean a company has effectively established and maintains adequat...
Read moreSep 15, 2020
The US unit of Laguna-based Cirtek Holdings Philippines Corp. on Tuesday said it bagged a deal for a master purchase agreement with one of the top 5 wireless carriers in North America.
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