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HIHO($4.73) Momo rocket of the day up 60%

Order for Plastic Components From Leading U.S. Printer Company
Complements Its Existing Relationship as Metal Components Supplier
GlobeNewswire
Highway Holdings Limited 2 hours ago

HONG KONG, Dec. 9, 2013 (GLOBE NEWSWIRE) -- Highway Holdings Limited (HIHO) today announced it has received three tooling orders designed to produce plastic components for printers offered by a leading U.S. printer company.

"This new additional business represents an expansion of an OEM relationship that has evolved since 2007. We are gratified by the confidence of our customer in the company's quality and capabilities and look forward to further opportunities to expand our valued-relationship," said Roland Kohl, president and chief executive officer of Highway Holdings.

Kohl noted that the commencement of plastic component production represents a significant strategic opportunity to expand the relationship with this prestigious customer, which to date has only utilized Highway Holdings' metal component manufacturing services. "We are now well-positioned to leverage our established metal parts supplier relationship to expand and become a leading plastic parts supplier for this customer in the near future. This is particularly significant since the plastic components business is much larger than metal components and the opportunities for future growth much greater," Kohl said.