# Kwangmyung Electric signs $5.5 million low-voltage panel supply contract with Samsung Electronics

Kwangmyung Electric signed a contract with Samsung Electronics to supply low-voltage panels for the Pyeongtaek memory site, valued at 5.52266 billion won (approx. $5.5 million), representing 5.7% of 2016 sales. The contract runs until February 28, 2018.

- Type: Contract
- Announced: 2017-11-28
- Where: Pyeongtaek, South Korea
- Value: $510K (552.3M KRW)
- Status: completed
- Products: low-voltage panels
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Samsung Electronics](https://endata.com/companies/647.md) (customer)
- [Kwangmyung Electric](https://endata.com/companies/28049.md) (supplier)

## Sources

- [biz.heraldcorp.com](https://biz.heraldcorp.com/article/1517459), 2017-11-28: "광명전기는 삼성전자와 평택 메모리 현장 저압반 납품 계약을 체결했다고28일공시했다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.