Novatek gets financing from Eurobank, EDB; P.R. firm secures $10 million in manufacturing contracts; has begun electronic production with 65 workers in Cayey. (Novatek Manufacturing Corp.; Economic Development Bank for Puerto Rico)

P.R. firm secures $10 million in manufacturing contracts; has begun electronic production with 65 workers in Cayer

Novatek Manufacturing Corp., a P.R. capital company specializing in contract manufacturing of electronic equipment, has received $1.7 million in financing from Eurobank & Trust Co. and the Economic Development Bank for Puerto Rico (EDB). Novatek has also received contracts worth approximately $10 million to manufacture electronic equipment on a contract basis.

The $1.7 million in financing allowed Novatek to begin manufacturing operations last week with 65 employees at its 33,000-square-foot plant in Cayey, Puerto Rico. Novatek has received an …