[DISCLOSURE] Satrec Initiative (099320) announced on Aug. 16 that it has signed a service agreement worth 4.9 billion won (US$4.5 million) with Korea Institute of Ocean Science & Technology to develop, install and test ground system for GOCI-II (Geostationary Ocean Color Missions II) project. The deal amounts to 16.1 percent of the firm’s 2015 revenue and expires Dec. 15, 2019.