[Featured Stock] Irem, US-Ukraine 30-Day Ceasefire Agreement... Affiliate's ESS Supply for Power Reconstruction Highlighted↑

Irem is showing strength. It is interpreted that the supply of ESS, a key component of the power grid restoration project in Ukraine, through its affiliate, has been highlighted.

As of 9:17 AM on the 12th, Irem is trading at 1,142 KRW, up 3.35% from the previous day.

According to related industries on the day, the United States and Ukraine have reportedly agreed to a 30-day ceasefire in the Russia-Ukraine war. The U.S. has also resumed military support for Ukraine. U.S. President Donald Trump expressed hope that Russia would also agree to the ceasefire.

The mineral agreement between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky is also expected to be signed soon. The two countries stated, "We have agreed to conclude a comprehensive agreement as quickly as possible to develop Ukraine's critical mineral resources to expand Ukraine's economy and ensure long-term prosperity and security."

Meanwhile, Irem, through its affiliate XRB, in which it holds a 29.58% stake, has signed an initial delivery contract for its self-developed vanadium energy storage system (ESS) for the Ukraine power grid restoration project.

This delivery is the first phase of restoring the damaged Ukrainian power grid. It will be supplied to diesel power plants and renewable energy power plants, and there is known to be potential for additional supply in the future.