Abaco is showing strong performance. The news that it is set to begin full-scale mass production and overseas market expansion of PCB dry process equipment in collaboration with the global equipment company Schmid Group appears to be influencing its stock price.
As of 10:37 AM on the 2nd, Abaco is trading at 19,300 KRW, up 5.41% from the previous day.
Founded in 1864, the German Schmid Group has been developing PCB equipment since the 1960s and supplies automation equipment to fields such as electronics, solar power, and energy systems. It possesses unique competitiveness by providing customized machinery and automation systems as specialized solutions for various industrial sectors.
In 2018, Abaco established a strategic partnership with Schmid Group to form the joint venture (JV) Schmid Abaco Korea. Based on core technologies between the companies, they developed PCB dry process equipment in 2019. Since then, they have successfully delivered R&D equipment for PCB dry processes to customers. The company stated that it is currently discussing additional supply to global mobile and IT companies within the year.
The equipment developed by Schmid Abaco Korea enables continuous plasma-based etching and deposition to coat wiring thin films on circuit boards. It allows fine line-width pattern processing on PCB and glass substrates, making it applicable to AI semiconductors and high-performance electronic product industries. Recognized for its technological capabilities, the company has supplied a total of six R&D units to customers in China, Taiwan, Europe, and the Americas. The company explained that initial performance verification with customers for full-scale mass production equipment supply has been completed.
An Abaco representative said, "The equipment developed by Schmid Abaco Korea is currently evaluated as having unparalleled competitiveness in the industry, and demand is expected to increase rapidly." He added, "With Schmid Group's recent successful listing on NASDAQ, we will accelerate mass production of this equipment and global market expansion."
The German Schmid Group was listed on NASDAQ on May 1 local time. The company analyzed that Schmid Group’s listing will serve as an opportunity for Schmid Abaco Korea to grow into a global top-tier equipment company and will be a positive chance to expand global sales channels and strengthen competitiveness.
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