Device Signs Supply Agreement with LG Display for Display Manufacturing Equipment

Device (187870), an OLED manufacturing equipment provider, announced on July 2 through a public disclosure that it has signed a supply agreement with LG Display for display manufacturing equipment. The contract period spans from July 1, 2026, to June 30, 2027, with South Korea as the supply region. Payment terms include 30% upfront, 60% after delivery and inspection completion, and 10% upon final inspection. Device plans to use both in-house and outsourced production methods. LG Display, with recent revenue of 25.8 trillion won, focuses on display panel manufacturing and sales. Device's latest revenue stands at 840.8 billion won, with total assets of 2,182 billion won, liabilities of 572 billion won, and equity of 1,610 billion won as of December 2025. On July 2, 2026, Device's stock price closed at 14,220 won, down 6.39% from the previous day. Listed on KOSDAQ since October 2002, Device is a special-purpose machinery manufacturer.