LS ELECTRIC Co., Ltd. signs U.S. data center power equipment supply contract worth 169 billion won

[Financial News] LS ELECTRIC Co., Ltd. disclosed on the 19th that it had signed a power equipment supply contract worth about 168.9 billion won with its U.S. subsidiary, LS Electric America. According to the disclosure, the contract is titled the “2027 North American Data Center Power Equipment Supply Project.” The contract amount is 168,871,710,000 won, equivalent to 3.40% of the previous year's consolidated revenue of 4.9658 trillion won. The counterparty is LS Electric America, and the supply region is the United States.
The contract is related to a project to supply power equipment for a U.S. hyperscale data center. LS ELECTRIC Co., Ltd. plans to supply switchgear to its U.S. subsidiary, which won the project.
A hyperscale data center is a facility that operates large-scale servers and storage devices. Power infrastructure for ensuring a stable electricity supply is considered a key component.
The contract period runs from the 16th through December 31, 2027. There is no advance payment; payment will be invoiced and received according to the product delivery schedule.
The contract amount is the equivalent of US$125,229,300, converted at the exchange rate on the contract date of 1,348.50 won per dollar. LS ELECTRIC Co., Ltd. said it had already secured orders for this year's deliveries worth US$114,974,772 in connection with the project, and that this contract covers the following year's deliveries.
Through this supply contract, LS ELECTRIC Co., Ltd. will continue its North American data center power infrastructure business. The company expects to recognize revenue in line with contract execution and the delivery schedule.

[email protected] Kang Jung-mo Reporter