KNRSYSTEM is showing strong performance. This is interpreted as its delivery history gaining attention amid news that the U.S. robotics company Boston Dynamics' initial public offering (IPO) is approaching.
As of 1:53 PM on the 23rd, KNRSYSTEM is trading at 18,270 KRW, up 4.7% compared to the previous day.
According to industry sources, Boston Dynamics unveiled its new Atlas model on its U.S. website on the 18th. This is an electric model replacing the previous hydraulically operated version. The market views this new Atlas release as closely related to Boston Dynamics' upcoming IPO.
This unveiling came at a time when the local IPO target deadline promised by Hyundai Motor Group, which acquired an 80% stake in Boston Dynamics from Japan's SoftBank in 2021, is just over a year away. The IPO market estimates that if Boston Dynamics goes public next year, it could be valued at around 10 billion USD (approximately 13 trillion KRW).
Meanwhile, KNRSYSTEM's robotic products are hydraulic robot systems powered by hydraulics. Additionally, KNRSYSTEM has supplied hydraulic rotary actuators to Boston Dynamics, famous for its 'Atlas' humanoid robot, and continues to supply its self-developed hydraulic actuators to the European IIT (Istituto Italiano di Technologia), a world-renowned robotics research institute.
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