[Featured Stock] Chemtronics Leads Korean New Deal Autonomous Driving Pilot Project... Advancing V2X

[Asia Economy Reporter Yoo Hyun-seok] KemtroNics is showing strong performance. The news that it has been selected as the supplier for the second phase of the driver terminal (OBE) in the Ministry of Land, Infrastructure and Transport's technology commercialization support project, which links traffic safety information from the C-ITS installed in Jeju Island with existing Bus Information System (BIS) through KemtroNics' Vehicle-to-Everything (V2X) technology, appears to have influenced its stock price.

As of 1:53 PM on the 28th, KemtroNics was trading at 30,800 KRW, up 5.48% (1,600 KRW) compared to the previous trading day.

The demonstration project will be conducted over two years, equipping public buses with an integrated BIS·V2X system to carry out testing at the C-ITS test bed. The goal is to expand this to all public buses in Jeju Island.

KemtroNics was able to secure the second phase project by successfully completing the first phase in cooperation with Atectn Co., Ltd. (CEO Shin Seung-young), a company specializing in public transportation payment systems.

V2X service is an essential technology for advanced autonomous driving, which KemtroNics has independently secured through long-term investment. Since establishing its Autonomous Driving Business Division in 2014, KemtroNics has invested in future industries based on V2X and ADAS technologies, in addition to its existing electronics, chemical, and wireless charging businesses. It has achieved success by winning domestic C-ITS demonstration projects in Seoul, Sejong, Daegu, and Pangyo, as well as domestic and international automotive electronics projects.

Kim Eung-soo, head of KemtroNics' Autonomous Driving Business Division, said, "By securing the Jeju BIS·V2X integrated system project, we have laid the foundation to supply V2X technology not only to Jeju Island but also to public buses nationwide," adding, "We are continuously advancing communication technology and services to maximize competitiveness."

Lee Sang-heon, a researcher at Hi Investment & Securities, explained, "The Ministry of Land, Infrastructure and Transport will implement the main C-ITS project starting this year," and "plans to establish C-ITS on nationwide expressways and national roads by 2025." He also expressed expectations, saying, "Under the Korean New Deal policy promoted by the Ministry of Land, Infrastructure and Transport, V2X RSUs will be installed on nationwide expressways and national roads by 2024," and "KemtroNics is expected to benefit from this."

This content was produced with the assistance of AI translation services.