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LS Materials Co.,Ltd. KRW 68.9 billion ultracapacitor supply deal for AI data center fuel cells

LS Materials Co.,Ltd.· Single Sales/Supply Contract
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AI summary · Not investment advice

LS Materials Co.,Ltd. signed a KRW 68.9 billion contract to supply ultracapacitors for AI data center fuel cells to iConnexion Asia Pte Ltd., equal to 44.85% of recent revenue.

Contract amount

KRW 68.9 billion

44.85% of recent revenue

Key facts

Counterparty
iConnexion Asia Pte Ltd.Electronic components distributor
Contract details
Ultracapacitor (UC) supply for AI data center fuel cellsIn-house and outsourced production
% of revenue
44.85%
Contract period
Apr 16, 2027 – Mar 17, 2028First and last delivery dates in the purchase order
Recent revenue
KRW 153.6 billion2025 consolidated
Supply region
Singapore
Contract date
Oct 12, 2026Purchase order receipt date

Commentary

AI commentary · Not investment advice

What happened

LS Materials signed a supply contract with iConnexion Asia Pte Ltd., an electronic components distributor in Singapore. It will supply ultracapacitors (parts that store and release power quickly) for fuel cells used in AI data centers. The end customer is a US hydrogen fuel cell maker. It placed an order with the distributor, which then ordered from LS Materials. The contract is worth KRW 68.9 billion, converted from USD 51,480,000 at KRW 1,338.00 per USD.

In the company's terms

The amount equals 44.85% of recent revenue (KRW 153.6 billion, 2025 consolidated). The company said it has not carried out a similar contract with this counterparty in the past three years.

What changes for shareholders

Deliveries run from April 16, 2027 to March 17, 2028. The company said the terms may change as the deal proceeds.

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