DK-Lok Corporation Extends 10.5 Billion KRW Valve Supply Contract by 6 Months, Securing Stable Revenue Base

DK-Lok Corporation extended the end date of its DK-LOK Double Block & Bleed Valves supply contract with NOVO CONSTRUCTION EQUIPMENT to December 31, 2026, a 6-month extension. The total contract value is approximately 10.5 billion KRW, representing 12.3% of recent revenue.
The contract is for an oil and gas construction project in Uzbekistan, modified at the customer's request. No advance payment is required, and production will be a mix of in-house and outsourcing.
There are no changes in the company's capital structure. This contract enhances overseas revenue stability but is subject to local conditions.
[AI Summary]DK-Lok Corporation extended a 10.5 billion KRW valve supply contract, improving mid-term revenue visibility. No capital dilution occurs, but overseas project risks remain.