Microtech Signs Large-Scale OEM Supply Contract for Nano Masks

[Asia Economy Reporter Hyungsoo Park] Microtech has signed a large-scale mask supply contract. It is expected that its performance will improve significantly starting this year.

Microtech announced on the 17th that it has signed a nano mask original equipment manufacturer (OEM) production and supply contract worth 114 billion KRW with Entucell. This amount is 1931% of last year's sales. The contract period is until December 31 of next year.

Microtech, the second largest shareholder of Entucell, will supply Entucell's nano mask "BREATH SQUARE." Entucell secured contracts worth a total of 370 billion KRW this year. Microtech is responsible for OEM production.

A Microtech official said, "This is the second contract following the 38 billion KRW contract signed in May," and added, "It is expected that approximately 60 billion KRW in sales profit will be generated upon completion of supply."

He continued, "Requests for nano mask supply are coming from overseas," and said, "We will expand mask mass production facilities and supply globally simultaneously with production."

Entucell has secured a contract worth 224.1 billion KRW to supply masks to the United States and Canada.

An official said, "The OEM supply contract is part of a cooperative relationship jointly entering the nano new business," and added, "Depending on the scale of mass production facilities established by Microtech, it is expected that Microtech will handle a significant portion of the supply contracts secured by Entucell."

Microtech plans to start full-scale production of nano masks in the second half of this year and achieve the highest performance in its history since its establishment. It is also preparing projects that can create synergy with its entertainment division.

An official added, "Starting from the second half of this year, multiple dramas including the tvN drama 'Secret Forest 2' will be aired," and said, "The sales of the drama production division alone are expected to exceed 40 billion KRW annually."

This content was produced with the assistance of AI translation services.