iBeam Technology to Supply $491.6 Million Won in Equipment to Yale University, Equal to 11% of Revenue

iBeam Technology has signed a contract to supply equipment to Yale University in the U.S. The contract is worth 491.63 million won, equivalent to 11.2% of last year’s revenue.

iBeam Technology disclosed on the 28th that it had signed a single-sale and supply contract worth 491,634,060 won with Scintica Instrumentation Inc., a distributor and seller of scientific and medical equipment.

The contract value is 11.2% of revenue of 4.37586 billion won in 2025. Scintica, the counterparty to the contract, reported recent revenue of 14.99616 billion won.

The transaction will be distributed through Scintica, with Yale University as the end customer. The sales and supply region is the U.S., and the contract runs from the 24th through Dec. 30, 2027.

The total contract value is $363,634, converted at the Seoul Money Brokerage Services’ base exchange rate of 1,352 won per dollar on the day. It consists of equipment worth $233,634 and an additional upgrade module worth $130,000.

Payment is due within 30 days of completion of delivery, installation and inspection for each item. The equipment is scheduled for completion by Nov. 30 this year, and the additional upgrade module by Nov. 30, 2027.

Accordingly, revenue from the equipment is expected to be recognized in 2026 and revenue from the additional upgrade module in 2027. The company said the actual payment dates and timing of revenue recognition may vary depending on the inspection schedule.