[Breaking] Cymes Robotics Signs KRW 1.4 Billion Supply Contract with LG Energy Solution Arizona
Cymes Robotics announced on the 24th that it has signed a supply contract with LG Energy Solution Arizona, Inc., located in the United States, for electrode coa
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Cymes Robotics announced on the 24th that it has signed a supply contract with LG Energy Solution Arizona, Inc., located in the United States, for electrode coater insulation thickness gauges.
- *[Contract Overview]**
- Counterparty: LG Energy Solution Arizona (based in the U.S.)
- Supply Region: United States
- Supply Item: Electrode coater insulation thickness gauge
- Contract Period: June 23, 2026 – August 31, 2028
[Financial Proportion and Exchange Rate Application] The confirmed amount of this contract is KRW 1,398,489,812. This represents 10.71% of Cymes Robotics' most recent consolidated revenue for 2025 (KRW 13,056,154,094).
The company explained that the amount was converted using the Seoul Foreign Exchange Brokerage's initial base exchange rate on the contract date of June 23, 2026 (KRW 1,535.70 per U.S. dollar). Accordingly, the confirmed contract amount is USD 910,653.
- *[Payment Terms]**
- Payment is divided into a total of four installments, with each payment to be made within 60 days from the date of issuance of the bill of lading (B/L).
- Advance payment: 30%
- Interim payment: 40%
- Interim payment: 20%
- Balance: 10%
Meanwhile, the company added that contract terms, including the contract amount and contract period, may be subject to change depending on future proceedings.
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