[Edaily Reporter Kim Hyung-il ] Kornic Automation(391710)has signed a supply contract for IT infrastructure network security equipment. The contract is worth 2.8 billion won, equivalent to 9.4% of last year’s revenue.

According to the Financial Supervisory Service’s electronic disclosure system on the 20th, Kornic Automation announced that it had signed a supply contract with ENPLUS for IT infrastructure network security equipment. The confirmed contract value is 2.83776 billion won. This represents 9.4% of last year’s revenue of 30.1005 billion won.

The contract period runs through December 31 of this year. Under the contract, Kornic Automation plans to supply network security equipment in South Korea. The contracting party, ENPLUS, primarily engages in the sale of network products and maintenance services.

Payment will be made in accordance with the equipment delivery and inspection procedures. Under the terms of the contract, Conic Automation will receive 70% of the contract amount as an interim payment upon completion of equipment delivery, and the remaining 30% as a final payment upon completion of inspection. There is no separate contract deposit or advance payment.

The contract amount stated here excludes value-added tax (VAT). As the contract period runs through the end of this year, payments are expected to be made according to the actual delivery and inspection schedule.