HFR, a total solution provider for wired and wireless communication equipment, announced on the 2nd that it held an investor meeting (IR) to inform domestic investment institutions and general investors about the company's status on the 31st at the Korea Financial Investment Association.
About 40 domestic institutional investors and general investors attended this IR meeting, which was divided into a company presentation and a Q&A session. During the company presentation, representatives from each division explained the company's business introduction and current status. In the subsequent Q&A session, HFR CEO Jeong Jong-min answered investors' practical questions regarding the company's business progress and new projects.
Jeong Jong-min, CEO of HFR, stated, "We have completed a strategic business alliance with NESIC, a subsidiary of Japan's NEC, and are also promoting business in North America and Europe. We plan to expand our 5th generation (5G) mobile communication specialized network business, which is essential for various business developments such as robotics, AR/VR, and AI."
He also said, "The communication equipment business often ended with one-time equipment sales to telecom operators, but to resolve this, we are promoting overseas business expansion and a subscription-based business model through Private 5G construction and operation services, generating recurring revenue. We are responding to the market by leveraging HFR's unique competitiveness to provide services tailored to each customer's characteristics."
Jeong Jong-min, CEO of HFR, added, "The IR is an event for communication with institutional and general investors, and we will continue to share information about the company through regular meetings and build trust in the market. We are grateful that more people attended than expected, and we will do our best to engage in activities that can increase shareholder value in the future."
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