LS Materials to Supply USD 50 Million UC to U.S. Hydrogen Fuel Cell Company
TECHWORLD ·
✦ AI Summary
LS Materials will supply ultra-capacitors (UC) for AIDC to a U.S. hydrogen fuel cell company.
The supply volume is about USD 51.5 million, or about KRW 69 billion, about 2.4 times last year's separate sales of about KRW 29 billion.
Supply will begin in April 2027 and proceed in stages for about 1 year, and the company is also discussing additional contracts.
LS Materials announced on the 13th that it will supply ultra-capacitors (UC) for AIDC to a U.S. hydrogen fuel cell company. The supply volume is about USD 51.5 million, or about KRW 69 billion. The deal is worth about 2.4 times LS Materials' separate sales of about KRW 29 billion last year.
Supply of the contracted volume is set to begin in April 2027. The supply period is about 1 year, and deliveries will be made in stages. The company is also discussing additional supply contracts.
LS Materials expects the AIDC power infrastructure market to expand and, accordingly, also expects demand for UC for hydrogen fuel cells to increase. Medium- and large-sized UC is an area that requires advanced technological capabilities. The medium- and large-sized UC market is led by a small number of global companies, including LS Materials.
LS Materials expects sustained sales growth as hydrogen fuel cell power facilities expand. Hong Young-ho, CEO of LS Materials, said the deal marks the company's full-scale entry into the AIDC hydrogen fuel cell market and secures a new growth base. He added that the company plans to expand cooperation with customers and strengthen its push into the global market based on its medium- and large-sized UC technology.
Before using the service, users must sign up for membership, and only after registration is completed can they use it.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=408114
References
This article was produced with the help of an automated content generation algorithm.
Source: TECHWORLD
View originalThis article was summarized and organized by BizCrush based on the original article from TECHWORLD. For exact quotations and full details, please refer to the original article.