KOSES signs 150.4 billion KRW contract with Bloom Energy for AI server electrode cell automation equipment, 183% of annual revenue
KOSES has entered into a supply contract with Bloom Energy Corporation for AI server electrode cell automation equipment.
The fixed contract amount is 150.42 billion KRW equivalent to USD 100 million, representing 183% of last year's consolidated revenue of 82.38 billion KRW.
The contract period runs from July 10 2026 to October 29 2026 with payment terms of 30% upon PO, 40% upon FAT, 20% upon SAT, and 10% upon final acceptance.
Bloom Energy is a leading global solid oxide fuel cell company with strong creditworthiness and no special relationship with KOSES.
[AI Summary]This contract significantly boosts KOSES's revenue growth momentum but as a pure supply contract without equity issuance it does not affect capital structure. Investors should monitor cash flows and profitability from execution.