PIE CO., LTD. KRW 9.6 billion contract to develop vision systems for battery production
PAI summary · Not investment advice
PIE CO., LTD. signed a KRW 9.6 billion contract with an undisclosed customer to develop vision systems for secondary battery production, equal to 14.68% of recent revenue.
Contract amount
KRW 9.6 billion
14.68% of recent revenue · excl. VAT
Key facts
- Contract details
- Development of vision systems for secondary battery productionIn-house and outsourced production
- % of revenue
- 14.68%
- Contract period
- Oct 12, 2026 – Oct 31, 2027Until final payment after overseas setup
- Recent revenue
- KRW 65.1 billion2025 consolidated
- Supply region
- South Korea
- Contract date
- Oct 12, 2026Contract signing date
- Payment terms
- Equipment: 30% deposit within 30 days of contract, 70% balance by the 25th of the month after acceptance; setup: 100% by the 25th of the month after completionDown payment included
- Disclosure deferral
- Counterparty and other terms withheldUntil 2027.10.31 · business confidentiality
Commentary
AI commentary · Not investment advice
What happened
PIE signed a contract to develop and supply vision systems (camera-based inspection equipment) for secondary battery production. The contract is worth KRW 9.6 billion, excluding VAT. The counterparty is withheld for business confidentiality until October 31, 2027.
In the company's terms
The amount equals 14.68% of recent revenue (KRW 65.1 billion, 2025 consolidated). The company said it has carried out a similar contract with this counterparty in the past three years.
What changes for shareholders
For the equipment, 30% is paid within 30 days of signing and the remaining 70% after acceptance. Setup is paid in full after completion. The contract runs until the final payment after overseas setup. The company noted that because key terms are withheld, investors should consider the chance of changes or termination.
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