Intellian Technologies is showing strong performance. The news of signing a large-scale Ground Gateway Antenna supply contract appears to have influenced the stock price.
As of 2:50 PM on the 24th, Intellian Technologies is trading at 62,800 KRW, up 10.0% from the previous day.
Intellian Technologies announced that it has signed an antenna supply contract worth 35.7 billion KRW. This accounts for 11.70% of its recent sales. The contracting party has requested confidentiality, so the announcement has been withheld. The contract period is from today until November 30, 2025.
Researcher Jeong Jisoo from Meritz Securities explained, "We have signed a supply contract for gateway antennas with global Company A," adding, "this is the second order following the initial contract worth 30.6 billion KRW with global Company A in August last year."
He continued, "Regarding the initial 30.6 billion KRW order last year, the plan was to supply over one and a half years from Q2 last year to Q3 this year," but added, "due to customer demands, the schedule has been moved up, and most of this year's volume will be fulfilled within this year."
He emphasized, "The new contract volume will be supplied over six months from January to July next year," and "both companies are understood to be already discussing follow-up orders."
Researcher Jeong forecasted, "The establishment of the Space Aviation Agency on the 27th of next month will be the most significant event in the domestic space industry this year," and "with SES's mPOWER and OneWeb's global commercial services scheduled for the second half, overall industry investment sentiment is expected to improve."
Researcher Bae Seongjo from Hanwha Investment & Securities analyzed, "Satellite communication requires ground station antennas, that is, gateways, to first send information up to the satellites," and "sales of low-earth orbit ground products combining flat panel, gateway, and some parabolic antennas are expected to grow about 50% annually this year."
He added, "The gateway installations by Company A will ultimately target the main markets for low-earth orbit satellite communication, such as the United States, Europe, and Australia," emphasizing, "Intellian Technologies is essential for satellite communication."
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