[Featured Stock] Rainbow Robotics Rises on News of Counterterrorism Robot Prototype Delivery

Rainbow Robotics is showing a strong gain of over 4% following news that it delivered a prototype counter-terrorism robot to the Army.

As of 9:45 a.m. on the 13th, Rainbow Robotics is trading at 131,800 KRW, up 6,000 KRW (4.77%) from the previous day. This marks the third consecutive day of gains.

On this day, Rainbow Robotics announced that it delivered a prototype multi-legged walking robot for counter-terrorism operations to the Army through the Defense Acquisition Program Administration. This was achieved as part of the rapid research and development project initiated in August 2022 by the Defense Rapid Acquisition Technology Research Institute and Hyundai Rotem. It is the first case of a rapid research and development project and the first quadruped walking robot delivered to the military.