SEOJIN SYSTEM CO.,LTD KRW 106.4 billion SOFC module and parts supply contract with Bloom Energy
SAI summary · Not investment advice
SEOJIN SYSTEM CO.,LTD signed a KRW 106.4 billion contract to supply SOFC fuel cell modules and parts to Bloom Energy Corporation, equal to 9.98% of recent revenue.
Contract amount
KRW 106.4 billion
9.98% of recent revenue
Key facts
- Counterparty
- Bloom Energy Corporation
- Contract details
- Production of solid oxide fuel cell (SOFC) modules and parts
- % of revenue
- 9.98%
- Contract period
- Oct 8, 2026 – Dec 23, 2027
- Recent revenue
- KRW 1.1 trillion2025 consolidated
- Supply region
- United States
- Contract date
- Oct 8, 2026Date the purchase order was received
- Payment terms
- Ex works from the Vietnam plant; paid within 45 days of invoiceNo down payment or advance
Commentary
AI commentary · Not investment advice
What happened
SEOJIN SYSTEM CO.,LTD signed a contract to make and supply solid oxide fuel cell (SOFC) modules and parts for Bloom Energy Corporation in the US. The contract is worth KRW 106.4 billion, converted from USD 79,480,115 at 1,339.20 KRW/USD. The products will be made through the company's overseas unit.
In the company's terms
The amount equals 9.98% of recent revenue (KRW 1.1 trillion, 2025 consolidated). Goods are handed over at the Vietnam plant, and the customer pays within 45 days of invoice. The company said it had a similar contract with this customer in the past 3 years. It said the amount and period may change after talks with the customer.
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