Smart Radar System Subsidiary SRS.Mobility Signs 7.7 Billion KRW Modular Data Center Supply Contract, Option Up to 38.5 Billion KRW
Smart Radar System's subsidiary SRS.Mobility, LLC has signed a modular data center supply contract with Smart Systems USA, LLC valued at approximately 7.7 billion KRW. This represents 81.85% of its recent revenue of 9.4 billion KRW, a significant contract.
The contract period is 36 months from June 2026 to June 2029, with staged payments. If all additional options are exercised, the contract value could increase up to 38.5 billion KRW, positively impacting long-term growth.
The counterparty Smart Systems USA, LLC specializes in data center and smart infrastructure, but its financial information is not disclosed, requiring monitoring of credit risk.
[AI Summary]This contract demonstrates Smart Radar System's entry into a new business and potential revenue expansion, which could positively affect stock price if options are exercised. However, overseas receipt of payments and exchange rate volatility are risk factors.
KOSDAQ Filing Information
Conclusion of Single Sales/Supply Contract (Major Management Matters of Subsidiary)