The first great news of the FY2425 fiscal year: our explosion-proof crane products have successfully entered the European market. From receiving the customer's request to signing the contract, the process moved swiftly. This batch of explosion-proof bridge cranes will be installed at XXXX Company in Rotterdam, Netherlands, for use in Gas Explosion Protection Zone 2.
After a comprehensive comparison with the products from STAHL and KONECRANES, the customer acknowledged our expertise. They even reached out to some of our existing explosion-proof crane users to gain insights into the performance of our products, and the feedback was overwhelmingly positive. This project win is a testament to our overall strength, as price was not the top deciding factor. Although our price was only about 10% lower than KONECRANES, the customer was impressed by our professionalism, the fine details of our product, and the well-thought-out service plan. We were thoroughly prepared.
We are excited to seize this opportunity and reward our customers with the best products. This million-dollar order is an excellent opportunity for us to showcase our capabilities. We hope CLESCRANE can continue to grow and expand in the European market.