ITEYES Signs 28.9 Billion KRW Contract with Korea Power Exchange for Power Market System Maintenance, Equivalent to 18.5% of Annual Revenue
ITEYES has entered into a three-year contract with Korea Power Exchange for the maintenance of the power market operation system from 2026 to 2029.
The total contract value excluding VAT is 28.9 billion KRW, with ITEYES' 50% share amounting to 14.45 billion KRW.
This represents 18.51% of the company's 2025 consolidated revenue of 78.1 billion KRW, securing a stable revenue base for the next three years.
The counterparty, Korea Power Exchange, is a state-run entity with high creditworthiness, minimizing transaction risk.
[AI Summary]This contract is a large-scale maintenance deal equivalent to 18.5% of revenue without any capital dilution, positively impacting shareholder value through stable income generation and a highly credible counterparty.