Business Department I Wins the Bid from UN

We also made new progress with the United Nations project in September. In the proposal submitted in mid-July for the electric tricycle project we quoted 51,000 euros. After many rounds of confirmation and negotiation with the customer, the final amount was determined at 47,000 euros (without separate purchase of batteries). In mid-August we were informed that we won the bid, and formal purchase order was received on September 15^th, with a payment term of 100% T/T 30 days after B/L date. We are now placing order and making arrangements with the factory, and the order is expected to be shipped by the end of November.