ISTE signs 2.193 billion won hydrogen package deal with KIENT

ISTE said on October 8, 2026, that it signed a contract with the Korea Institute of Energy Technology to supply and install a hydrogen compression package for a RE100-based hydrogen pilot complex infrastructure technology development project.

The contract value is 2,193,000,000 won, excluding VAT. ISTE said this equals 6.81 percent of its recent revenue of 32,220,867,462 won. The company described the contract as confirmed, not conditional.

The contract period runs from October 7, 2026, to April 30, 2027, with a contract award date of October 8, 2026. No down payment or advance payment applies, and payment terms are 100 percent after contract completion. The sales and supply method includes both in-house and outsourced production, and the supply region is South Korea.

ISTE said the contract end date accounts for the expected payment receipt schedule after the final delivery month of December 2026, and that it will make a corrected disclosure if the end date changes.

According to digitaltoday.co.kr, ISTE's 2025 consolidated financial statements showed total assets of 61.4 billion won, total liabilities of 40.8 billion won, and total equity of 20.5 billion won. Its 2025 revenue was 32.2 billion won, with an operating loss of 5.8 billion won and a net loss of 4.5 billion won.

ISTE was listed on the KOSDAQ market on February 12, 2025, and operates in the semiconductor manufacturing industry. As of 11:30 AM on October 12, ISTE's stock price was 7,000 won, down 430 won (5.79 percent) from the previous day.