[Market Focus] KEIMTECH Hits Upper Limit on Supply Deal Worth 100 Billion Won with Global Battery Manufacturer

Expanding Portfolio in the U.S. ESS Market

KEIMTECH hit the upper price limit on November 4. The company's stock price surged after news broke that it had signed a supply contract worth 100 billion won for cap components used in energy storage systems (ESS) in the United States with a global battery manufacturer.

As of 11:16 a.m. on this day, KEIMTECH's share price on the KOSDAQ market had risen by 29.94%, the maximum daily increase, reaching 2,105 won. The stock opened lower at 1,587 won but quickly reversed course and continued to climb.

On this day, KEIMTECH announced that it had signed a contract with a global battery company to supply prismatic cap components for U.S. ESS, totaling 100 billion won. Under this contract, mass production and supply worth about 50 billion won will begin in the first half of next year and continue for five years. An additional supply contract worth more than 50 billion won for the period from 2031 to 2035 is expected to be finalized by 2027.

With this order, KEIMTECH has now completed its core component portfolio for the U.S. ESS market, following the confirmation of a local supply contract for prismatic cans in the United States in July.