Suseong Salvasion Expands Product Lineup Including Unmanned Cleaning Robots... Accelerates Investment in Future Technologies

[Asia Economy Reporter Jang Hyowon] Suseong Salvacion, a logistics equipment specialist company based on electric drive, is diversifying its portfolio in line with the trend of unmanned and automation.

Suseong Salvacion announced on the 15th that it plans to expand its product lineup this year with unmanned cleaning robots and strengthen financial services for existing products to focus on increasing sales. The company also plans to pioneer new markets through the electrification of engine forklifts.

A company official said, “The development of unmanned cleaning robot products is almost in the final stage, and sales are scheduled to begin this year,” adding, “We will also work to increase sales by linking financial services such as interest-free products and rentals as part of marketing activation.”

Suseong Salvacion is a company particularly strong in hardware specialized in customizing, and has been developing autonomous logistics equipment through collaboration with software companies.

It is also carrying out numerous national projects related to autonomous unmanned robots. According to the company, last year it conducted the project “Development and Field Demonstration of Unmanned Loading Robot System for Warehouse Operation Efficiency” organized by Incheon Technopark, and will operate test robots for demand companies for one year this year. In addition, it received a project from the Small and Medium Business Administration titled “Development of Unmanned Loading and Unloading Electric Forklift Truck Using Artificial Intelligence (AI) and IoT (Internet of Things),” which is scheduled to be completed by April 2024.

Jang Taehoon, CEO of Suseong Salvacion, said, “We will launch high-profit new products that combine our accumulated hardware technology with future-oriented software technologies such as robots and AI,” and added, “We will also focus on improving profits through restructuring.”

He added, “Recently, the debt ratio has decreased to about 100% due to a 10 billion KRW paid-in capital increase and convertible bond conversion, stabilizing the financial structure.”