Rakon has its eye on quadrupling sales to China's Huawei over the next five years to US$56 million, and is signing a letter of intent today to that effect.
Rakon says its product range, advanced technology and competitiveness were significant factors for global ICT provider Huawei, which will use Rakon’s frequency control products in its handsets, smart devices and infrastructure programmes.
Managing director Brent Robinson said Rakon had been working closely with Huawei for some years.
“The letter of intent recognises the greater scale and breadth of our product range, validates our commitment to a strategy of globalisation and our investment in operations in China.”
He credited NZTE and trade minister Tim Groser in helping facilitate the deal, as well as a 2011 trade mission to China that was a catalyst for the enhanced relationship with Huawei.
A Huawei spokesman said in a statement that Rakon’s success was testament to New Zealand’s ability to produce world-leading products and innovations.