CATIS Signs KRW 5.8 Billion Contract with Daerim for Gimpo Data Center IT Infrastructure

CATIS has signed a contract with Daerim, a major construction and IT infrastructure company, for security and IT infrastructure work at the Gimpo Data Center. The contract value is KRW 5.81 billion, representing 20.8% of CATIS's 2025 sales of KRW 27.9 billion.
Daerim, the counterparty, is a large construction firm with annual sales of KRW 6.58 trillion, indicating high creditworthiness and low payment collection risk. The contract runs from June 2026 to October 2027, with cash payment due within 60 days of delivery.
This contract signifies CATIS's expansion in the data center business and secures a stable revenue base. It is a positive catalyst for the stock with no dilution concerns.
[AI Summary]CATIS secured a KRW 5.8 billion data center infrastructure contract with Daerim, adding strong revenue momentum. The contract size exceeds 20% of sales and the counterparty is highly credible, supporting a positive stock outlook.