[Featured Stock] Clobot Rapidly Emerges as Samsung-Hyundai Motor 'Robot Hub'

The stock price of Clobot, a specialized company in intelligent robot services, is on the rise. The news of collaboration with Samsung Group following Hyundai Motor appears to be influencing the stock price.

As of 10:12 AM on the 5th, Clobot is trading at 18,180 KRW, up 17.21% from the previous day.

Clobot announced that it signed a strategic business agreement (MOU) with Rainbow Robotics, an industrial robot manufacturer, to develop the manufacturing logistics robot industry and create joint business opportunities.

The two companies have been collaborating since last year, and through this agreement, they plan to further strengthen their cooperation system this year and actively promote joint projects to expand the market. Under the agreement, Clobot will be responsible for ▲ autonomous driving solutions ▲ work control systems ▲ integrated control solutions development. Rainbow Robotics will handle autonomous mobile robot (AMR) hardware and hardware driver development. The two companies will jointly conduct marketing and sales activities to expand the market for the completed products.

Based on this cooperation, the two companies aim to enhance the competitiveness of the domestic manufacturing logistics robot industry and strengthen their position in the global market.

Kim Chang-gu, CEO of Clobot, said, "By combining Rainbow Robotics' AMR robots with Clobot's universal robot autonomous driving solution (Chameleon) and cloud-based heterogeneous control solution (Chromes), we will be able to further advance automation solutions in various manufacturing logistics industry sites." He added, "Through this agreement, we will maximize the technological synergy between the two companies and strengthen competitiveness for expanding domestic and international markets."

Lee Jung-ho, CEO of Rainbow Robotics, emphasized, "Through this cooperation, we will accelerate automation in the manufacturing and logistics industries by combining our AMR robot technology with Clobot's autonomous driving and control solutions," and added, "We will continue to enhance competitiveness in the global market through ongoing cooperation for the development of the robot industry and joint business creation."

Clobot is accelerating efforts to secure large corporate clients by recently signing a contract worth 2 billion KRW with Hyundai Motor. Additionally, Rainbow Robotics has proven its competitiveness in the robot industry as Samsung Electronics recently secured shares through exercising a call option.