The application for listing shares of the Pishgaman Asr Ertebatat Cooperative Production Company was presented at the meeting of the Acceptance Board of the Nawafarin Market. Conditional approval was granted for the company’s admission to the Growth Board of Iran’s Farabourse Over-the-Counter (OTC) market via the Nawafarin Market. It was stipulated that the actions requested by the Farabourse Organization must be completed before the company is listed or trading commences.
Mehdi Jafari Nedoushan, CEO of the Yazd Pishgaman Asr Ertebatat Knowledge-Based Cooperative Company, announcing this news, stated: “This company, a member of the Pishgaman Specialized Union of Cooperative Companies for Infrastructure Affairs, employs over 120 people. Focusing on the localization of advanced global technologies, it operates in three areas: assembling electronic boards, producing ultra-low-consumption LED lighting industries, and manufacturing electronic equipment including fiber optic modems (production line being launched), attendance systems, and access control systems.”
Mahdi Jafari Nedoushan added: “Yazd Pishgaman Asr Ertebatat Knowledge-Based Cooperative Company is one of the largest providers of electronic board assembly services in Iran and the Middle East, possessing the most advanced and well-equipped SMD and THD assembly lines. It has the capability to assemble the most sensitive boards for electronic equipment.”
He said: “With high assembly capacity and a component placement speed of 600,000 components per hour, the company currently serves over 50 clients and electronics equipment manufacturers. It has also been successful in providing services for several national projects.”
The CEO of Yazd Pishgaman Asr Ertebatat Knowledge-Based Cooperative Company stated: “In addition to providing assembly services, this production cooperative has the capability to supply electronic boards and components with the highest quality and best prices in the country.”
He expressed: “The company, benefiting from expert personnel in its R&D unit and an advanced light and lighting laboratory, is one of the few fully indigenous producers of ultra-low-consumption LED lighting industries in the industrial and semi-industrial production sectors. By creating jobs and utilizing domestic capacities, it has managed to produce high-quality goods, including ultra-low-consumption LED streetlights.”
Jafari Nedoushan emphasized: “Among the prominent features of this company are its low energy consumption, no need for water or gas, pollution-free operation, and its high-tech nature. This makes it an attractive option for investment in the technology and innovation sector.”
He said: “Given the knowledge-based nature of this cooperative production company, Pishgaman Asr Ertebatat Yazd intends to take effective steps towards boosting production and increasing job creation, in line with the statements of the Supreme Leader and the realization of the year’s slogan ‘Investment for Production,’ and to enter new projects.”
It’s noteworthy that this company, after Pishgaman Post (traded as “Bazargam”), is the second company affiliated with the Pishgaman Specialized Union for Infrastructure Affairs to be listed on Iran’s Farabourse.
