Huirim Aitech is experiencing a surge in its stock price following news of its acquisition of AI defense robotics company AIDIOS, marking a significant entry into the unmanned defense and security robotics market.
As of the morning of July 23, Huirim Aitech's shares rose by 775 won (29.92%) to 3,365 won, according to the Korea Exchange.
AIDIOS, established in 2021, specializes in developing and manufacturing robots for defense and security applications. The announcement of Huirim Aitech accelerating the acquisition process has reportedly boosted investor sentiment regarding its expansion into AI-based defense and security robotics.
During a recent extraordinary general meeting, Huirim Aitech completed amendments to its articles of incorporation to include the manufacturing of military robot components, mine detection and removal, and explosive ordnance disposal (EOD) robots as new business objectives. The company plans to fully enter the AI defense robotics market once it completes the acquisition of more than 51% of AIDIOS shares.
This acquisition is part of Huirim Aitech's strategy to transition from a simple manufacturer to a provider of integrated solutions for AI-based unmanned defense and counter-terrorism robots, targeting the physical AI and specialized robotics markets.
Huirim Aitech stated, "Through the extraordinary general meeting, we have completed institutional arrangements to combine the AI robotics capabilities of both companies. We aim to finalize the remaining acquisition procedures and become a global leader in unmanned intelligent defense and security robot solutions capable of real-world deployment."
* This article has been translated by AI.
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