Correction Disclosure for DSAR-TD Development Contract - MBRSC (UAE) Revealed and Contract Completed
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Disclosure hold lifted upon contract completion: counterparty revealed as MBRSC (UAE)
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Contract: DSAR-TD development, total amount KRW 12,412,800,000 (USD 9.6M at rate 1,293.0/$ on 2022.6.20)
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Contract amount equals 16.9% of 2021 consolidated revenue (KRW 73.4B)
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Contract period: 2022.6.20 ~ 2026.5.20 (completed)
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Payment terms: 10% upfront, 85% milestone, 5% after orbit test, telegraphic transfer
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No relationship with counterparty; similar contracts performed in last 3 years
KOSDAQ Filing Information
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Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract
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Company: SatrecInitiativeCo (099320)
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Submission: SatrecInitiativeCo.,Ltd.
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Receipt: 05-14-2026
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Under KRX KOSDAQ Market Division