[Featured Stock] Robotis Surges on Expectations of Robot Sales Using Proprietary Technology

Robotis is experiencing a sharp rise in the early trading session on the 10th, fueled by expectations that sales related to robots applying its own technology could begin this year.

As of 9:43 a.m. on the day, Robotis is trading on the KOSDAQ market at 32,650 KRW, up 1,950 KRW (6.35%) from the previous close.

The stock price started at 30,900 KRW and expanded its gains in the early session.

Stunning Value Research stated in a report on the day that sales of Robotis' robot OM-Y, which applies its own actuator, are expected to occur this year. No investment opinion or target price was provided.

Robotis, established in 1999, is a robot-specialized company that develops actuators and reducers in-house. In October last year, at RoboWorld, it unveiled the customized unmanned collaborative robot ‘OpenManipulator-Y’ (OM-Y), which applies its actuator Dynamixel-Y.

Namgung Jun, a researcher at Stunning Value Research, explained, "This product is expected to apply Physical AI jointly developed with MIT as part of an international joint research and development (R&D) project solicitation since last year. Currently, preparations are underway to supply to a U.S. company, and it is expected to be launched early this year, with sales estimated to begin from the second quarter."

He also said, "On the 8th of this month, an exclusive supply contract for logistics delivery robots was signed with Japan's Sensid Robotics. Robotis will supply the logistics delivery robot Ant to Sensid Robotics."