Vinatek's shares have surged by over 13% following the announcement of a large supply contract for supercapacitors intended for data centers. The contract's value exceeds 1.4 times the company's revenue from last year, boosting investor sentiment.
According to the Korea Exchange, as of 2:09 PM, Vinatek's stock was trading at 107,600 won, up 12,900 won (13.62%) from the previous trading day. At one point during the session, the stock reached as high as 121,500 won.
Vinatek specializes in the research and development of supercapacitors and fuel cell materials that do not emit harmful substances during energy production. The anticipated growth in performance from this supply contract appears to have stimulated investor interest.
As reported by the Financial Supervisory Service's electronic disclosure system, Vinatek announced the signing of a supply contract for supercapacitors with Sanmina Corporation for data centers. The contract amount is approximately 119.47 billion won, which is 145.3% of the company's most recent revenue based on its consolidated financial statements for 2025.
The supply will be distributed in India, and the contract will remain in effect from the day before until December 23 of next year. The products are expected to be manufactured through Vinatek's overseas subsidiaries. The company stated, "The aforementioned sales and supply method involves outsourcing production through our overseas subsidiaries."
* This article has been translated by AI.
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