Shares of Makinarax have risen over 15% following news of significant growth in overseas business.
As of 2:11 PM on the Korea Exchange, Makinarax's stock was trading at 16,390 won, up 2,340 won (16.65%) from the previous trading day.
The surge in investor sentiment comes after the company announced that its overseas order volume for the first half of the year reached approximately 3 billion won, doubling compared to the same period last year.
According to the company, existing overseas clients, including a global semiconductor equipment firm in Europe, a wind energy company, a major domestic battery manufacturer’s overseas plants, and Japanese automotive and measurement control firms, have all extended their contracts. Additionally, the scope of its artificial intelligence (AI) solutions has reportedly expanded.
Notably, the market has taken interest in the fact that all global clients secured last year have signed follow-up contracts. This indicates not only the acquisition of new clients but also the generation of repeat revenue from existing customers.
Makinarax provides solutions that integrate and operate AI in manufacturing sites and industrial infrastructure through its self-developed AI operating system, Runway. This platform is applicable not only in data centers but also in factory equipment with limited network connectivity, enhancing its competitiveness in security-conscious and localized markets in Japan and Europe.
The company plans to continue acquiring new clients in Japan and Europe in the second half of the year. It is currently conducting proof of concept (PoC) tests with multiple global manufacturing firms and is pursuing additional orders.
* This article has been translated by AI.
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