ExpansionJul 1, 2026, 04:13 PM
Applied Optoelectronics to build $94.1M cleanroom facility
AI Summary
Applied Optoelectronics, Inc. has entered into a Design-Build Agreement with LCC3 Solution Inc. for the construction of its OMD 3 (FAB4) cleanroom project in Houston, Texas. The project, valued at approximately $94.1 million, will include 195,591 square feet of ISO Class 6 cleanroom space, office areas, and dedicated space for operations. The agreement includes provisions for liquidated damages for delays and incentives for timely completion and performance, with a targeted substantial completion date of January 10, 2027.
Key Highlights
- Entered Design-Build Agreement for OMD 3 (FAB4) cleanroom project.
- Total contract amount approximately $94.1 million.
- Project includes 195,591 sq ft of ISO Class 6 cleanroom space.
- Targeted Substantial Completion date of January 10, 2027.
- Potential schedule-based incentives up to $6.0 million.
- Liquidated damages for delays capped at $4.9 million.
- Performance-based incentives up to $9.8 million.
Price Impact
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