New Customer Engagement Marks Trio-Tech’s Second EV Semiconductor Burn-In Customer and Has Potential to Scale to $6 Million in Revenue

Trio-Tech International (NASDAQ:TRT), a comprehensive provider of semiconductor back-end solutions and a global value-added supplier of electronic equipment, today announced it has secured a three-year production burn-in contract with a new automotive semiconductor customer across Europe and North America. The contract requires minimum billings of approximately $4.7 million over its term, with the potential to scale to $6 million. The customer is a leading global Integrated Device Manufacturer (IDM), and the program supports a major electric vehicle (EV) semiconductor application.

Under the contract, Trio-Tech will provide production burn-in services for an automotive semiconductor product supporting a major EV application. This marks the second EV semiconductor customer to select Trio-Tech for production burn-in services, further validating the Company’s capabilities and expanding its presence in the automotive semiconductor market.

Automotive-grade semiconductors must meet rigorous requirements for qualification, traceability and reliability. Trio-Tech’s burn-in capabilities, operational processes and experience supporting demanding semiconductor applications position the Company to help customers meet these standards throughout the production lifecycle.

S.W. Yong, the Company’s Chairman and CEO, commented, "This three-year contract with our second EV semiconductor customer represents another important step in expanding Trio-Tech’s automotive semiconductor business. The award provides meaningful multiyear revenue visibility while further validating our production burn-in capabilities with a new global IDM customer. The program leverages Trio-Tech's innovative burn-in system, which is fully customized to meet the customer's specific requirements. We believe our technical expertise, proprietary burn-in systems, and established operating presence in Asia position Trio-Tech to capture additional opportunities as automotive semiconductor content and reliability requirements continue to rise."

Semiconductor content per vehicle continues to grow as automakers advance software-defined vehicles, advanced driver-assistance systems, electrification, and autonomous technologies. These trends are increasing the need for high-reliability testing and burn-in services that support the long-term performance and safety of mission-critical automotive applications.

The new contract further diversifies Trio-Tech’s customer base and further establishes the Company as a qualified production partner for global semiconductor manufacturers with demanding reliability requirements.

About Trio-Tech International

Trio-Tech International (NASDAQ:TRT) is a California-based company operating in the United States, Singapore, Malaysia, Thailand, and China. Founded in 1958, Trio-Tech is a leading provider of semiconductor testing services, manufacturing solutions, and value-added distribution services. The Company’s diversified business segments include Semiconductor Back-End Solutions and Industrial Electronics.

For more information, visit http://www.triotech.com/ and www.universalfareast.com. Follow Trio-Tech on LinkedIn.

Forward Looking Statements

This press release contains statements that are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and assumptions regarding future activities and results of operations of the Company. In light of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, the following factors, among others, could cause actual results to differ materially from those reflected in any forward looking statements made by or on behalf of the Company: market acceptance of Company products and services; the divestiture of one or more business segments in response to, among other factors, changing business conditions or technologies and volatility in the semiconductor industry, which could affect demand for the Company's products and services; the impact of competition; problems with technology; product development schedules; delivery schedules; changes in military or commercial testing specifications which could affect the market for the Company's products and services; difficulties in profitably integrating acquired businesses, if any, into the Company; risks associated with conducting business internationally and especially in Asia, including currency fluctuations and devaluation, currency restrictions, local laws and restrictions and possible social, political and economic instability; changes in U.S. and global financial and equity markets, including market disruptions and significant interest rate fluctuations; trade tension between U.S. and China and other economic, financial and regulatory factors beyond the Company's control. Other than statements of historical fact, all statements made in this release are forward looking, including, but not limited to, statements regarding industry prospects, future results of operations or financial position, and statements of our intent, belief and current expectations about our strategic direction, prospective and future financial results and condition. In some cases, you can identify forward looking statements by the use of terminology such as "may," "will," "expects," "plans," "anticipates," "estimates," "potential," "believes," "can impact," "continue," or the negative thereof or other comparable terminology. Forward looking statements involve risks and uncertainties that are inherently difficult to predict, which could cause actual outcomes and results to differ materially from our expectations, forecasts and assumptions. Many of these risks and uncertainties are beyond the Company's control. Reference is made to the discussion of risk factors detailed in the Company's filings with the Securities and Exchange Commission, including its reports on Form 10-K and 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

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