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Note 11 - Significant Contracts
12 Months Ended
Dec. 31, 2013
Notes  
Note 11 - Significant Contracts

Note 11 – Significant contracts

 

On October 11, 2013, the Company entered into a supply contract with Joongsun ITC Co. Ltd. The Company is working in order to supply security solution and security server, which is worth W882 million won (US$ 840 thousand).

 

On November 28, 2013, the Company entered into a supply contract with Korea Transport Network Express Co. Ltd. The Company is working in order to supply X-ray inspection equipment and total solutions for radiation detection, which are worth W700 million won (US$ 656 thousand). Contract term is 6 month.

 

December 31, 2013, RadTek, Inc. won the tender offer for X-ray Liner Accelerator for container retrieval system, which is worth US$ 945,447 from Korea Institute of Ocean Science & Technology. RadTek, Inc. entered into a final contract with Korea Institute of Ocean Science & Technology in February 13, 2014.