Doosan Fuel Cell : Conclusion of Single SalesContract or Supply Contract
May 23, 2022 at 01:46 am EDT
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Conclusion of Single Sales Contract or Supply Contract
1. Type of sales or supply contract
Other sales or supply contracts
- Name of contract concluded
Fuel cell system supply contract
2. Details of contract
Contract amount (KRW)
-
Sales of the latest fiscal year (KRW)
381,400,000,000
Ratio to sales (%)
-
Classified as a large-sized corporation?
No
3. Counterparty to contract
-
- Relationship to company
-
4. Regions of sales or supply (markets served)
Republic of Korea
5. Contract period
Start date
2022-05-20
End date
2023-10-19
6. Terms and conditions of contract
-
7. Effective date of contract (receipt of orders)
2022-05-20
8. Withholding of disclosure
Reasons for withholding disclosure
Business confidentiality
Withholding period
2023-10-19
9. Other matters to be factored into investment decisions
- The above contract concerns the supply of approximately 18MW fuel cell systems(Hydrogen model) for a fuel cell power plant using byproduct hydrogen and the contract amount is worth about KRW 70 billion.
- The 'Sales of the latest fiscal year' in Clause 2 is based on the K-IFRS non-consolidated financial statements for year 2021 and the number is rounded up to the nearest KRW 100 million.
- The 'Contract amount' in Clause 2 and the 'Counterparty to contract' in Clause 3 will be disclosed after the withholding period is over.
- The 'Contract period' in Clause 5 may be changed depending on contractual progress.
※ Related disclosure
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Disclaimer
Doosan Fuel Cell Co. Ltd. published this content on 23 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2022 05:45:01 UTC.
Doosan Fuel Cell Co Ltd is a Korea-based company mainly engaged in the manufacture and sale of fuel cells for power generation. The Company produces fuel cell mains used in power generation facilities. In addition, the Company provides long-term maintenance and repair services. The Company is also engaged in the design of fuel cell systems, development of controllers, development of fuel pretreatment systems, development of stack and peripheral devices.