CYX Develops Air Purifier in HUF 1 bln R&D Project
Photo for illustration purposes only.
Image by Shutterstock.com
CYX has developed an air purifier that prevents the spread of coronavirus in the framework of a close to HUF 1 billion project, the company said on Monday, according to a report by state news wire MTI.
CYX was awarded almost HUF 0.7 bln in conditional European Union and state support for the project.
Production capacity for the compact CYX-Air devices is being established in Dunavecse and the air purifiers are expected to launch commercially in Q2 2023.
Hungarian-owned CYX had net revenue of HUF 1.5 bln in 2021, public records show.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
Living's Kassák Terrace and Park West 3 Classified as Brownf...
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
