StradVision discloses 3.21 billion won Aptiv camera software contract
StradVision's front camera vision perception software deal with Aptiv Global Operations carries a 0 won confirmed amount and a 3,214,080,000 won conditional amount.
StradVision disclosed a contract with Aptiv Global Operations Limited to develop and supply front camera vision perception software, according to digitaltoday.co.kr. The contract is valued at 3,214,080,000 won, or USD 2,400,000, and the order date is October 8, 2026.
The company said the contract is conditional. The confirmed contract amount is 0 won, while the conditional amount is 3,214,080,000 won. The disclosed value equals 17.7% of StradVision's recent revenue of 18,109,229,713 won.
The contract period runs from October 8, 2026, to April 30, 2028. Payments are structured as five milestones of USD 480,000 each, from project kick-off to final software integration.
StradVision also bears follow-up warranty obligations, including bug fixes, until September 2028. The value was converted at 1,339.2 won per dollar, the Seoul Money Brokerage Services rate on October 8, 2026.
Earlier agreements
In December 2022, the two companies signed a Joint Development Agreement, followed by a Master Inbound Software License Agreement in July 2024.
Quick answers
What is the value of the StradVision-Aptiv contract?
The contract is valued at 3,214,080,000 won, or USD 2,400,000, equal to 17.7% of StradVision's recent revenue of 18,109,229,713 won.
When does the contract run?
The contract period runs from October 8, 2026, to April 30, 2028, with warranty obligations through September 2028.
Is the full contract amount confirmed?
No. The confirmed contract amount is 0 won, while 3,214,080,000 won is a conditional amount.