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StradVision, Inc. KRW 3.2 billion front camera perception software deal with Aptiv

StradVision, Inc.· Single Sales/Supply Contract
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AI summary · Not investment advice

StradVision, Inc. signed a KRW 3.2 billion contract with Aptiv Global Operations Limited, an affiliate of its largest shareholder, to develop front camera vision perception software (17.7% of recent revenue).

Contract amount

KRW 3.2 billion

17.7% of recent revenue

Key facts

Counterparty
Aptiv Global Operations LimitedAffiliate of the largest shareholder; automotive software solutions
Contract details
Development and supply of front camera vision perception softwareConditional contract
% of revenue
17.7%
Contract period
Oct 8, 2026 – Apr 30, 2028End date is the final (5th) milestone; warranty duties such as bug fixes run to September 2028
Conditional contract amount
KRW 3.2 billionUSD 2,400,000 at KRW 1,339.2 per dollar; payment is confirmed after each milestone is accepted
Fixed contract amount
KRW 0
Recent revenue
KRW 18.1 billion
Contract date
Oct 8, 2026
Supply region
Global
Payment terms
Five milestones of USD 480,000 each, paid within 90 days of billing after customer acceptanceNo advance payment

Commentary

AI commentary · Not investment advice

What happened

StradVision signed a contract with Aptiv Global Operations Limited to develop and supply front camera vision perception software. Aptiv is an affiliate of StradVision's largest shareholder. The contract is worth USD 2,400,000, or KRW 3.2 billion at KRW 1,339.2 per dollar. Payment comes in five milestones of USD 480,000 each. Each payment is confirmed only after the customer accepts that milestone's work, so this is a conditional contract. Payment is due within 90 days of billing. The deal falls under a joint development agreement from December 2022 and a master software license agreement from July 2024. Warranty duties such as bug fixes continue until September 2028.

In the company's terms

The amount equals 17.7% of the company's recent revenue of KRW 18.1 billion. The company said it has carried out similar contracts with this counterparty in the past three years.

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