[Digital Today AI Reporter] Security equipment specialist Hitron Systems announced on the 11th that it has signed a Commissioned Processing Agreement (CPA) worth 6.772 billion won with Hong Kong-based UNV Digital Technologies (UNV DIGITAL TECHNOLOGIES COMPANY Ltd.).

This contract is equivalent to approximately 123.03% of Hitron Systems’ recent sales of 5.54482588 billion won. The contracting party, UNV DIGITAL TECHNOLOGIES COMPANY Ltd., is an IP video security company located in Hong Kong that signed a contract with Hitron Systems in March to supply CCTV cameras and accessories.

According to the announcement, the amount of this contract is 6.772 billion won in Korean won, but the actual contract amount is in US dollars and is 5 million dollars. This amount is calculated by applying the exchange rate of 1,354.40 won/USD on the 11th, the contract date.

The contract will start on the 11th and will last until December 31, 2025, and the contract period can be changed according to the agreement with the client, according to Hitron Systems.

The details of this contract have not been disclosed yet, but Hitron Systems plans to continuously disclose important information to investors according to the progress of the contract in the future.

Source: DigitalToday (https://www.digitaltoday.co.kr)