R&D Agreement for SMART Remote Maintenance System Software Development between National IT Industry Promotion Agency and e-MARINE Consortium

Summary

The National IT Industry Promotion Agency and a consortium led by e-MARINE Inc., including GMT Co, Ltd., Ulsan University, A-dic Inc., and the Medium-Small Shipbuilding Research Institution, have agreed to collaborate on developing SMART Remote Maintenance System software for the shipbuilding and maritime sector. The project runs from October 1, 2016, to December 31, 2019, with a total budget of 3.6 billion Won, paid in installments over four years. The agreement outlines the roles, payment schedule, and project leadership for the R&D initiative.

EX-10.27 11 ex10-27.htm

 

Information Communication R&D Business Contract
Total ICT Industry 4.0(Shipbuilding & Maritime) R&D

 

Project: SMART Remote Maintenance System Software Development

Price: 3,600,000,000 Won

Period: October 1st 2016 ~ December 31st 2019 (39 Months)

Payment Terms

 

First Year  400,000,000 
Second Year  1,000,000,000 
Third Year  1,200,000,000 
Fourth Year  1,000,000,000 

 

Customer: National IT Industry Promotion Agency

Project Leader: Min Sik Park (e-MARINE CTO)

Participants

 

  e-MARINE Inc. (the leader)
     
  GMT Co, Ltd.
     
  Ulsan University
     
  A-dic Inc.
     
  Medium-Small Shipbuilding Research Institution

 

National IT Industry Promotion Agency (“The Customer”) and e-MARINE (“The Leader”) and four participants agree to execute all matters for [Total ICT Industry 4.0(Shipbuilding & Maritime) R&D ]

 

September 29th 2016