[Featured Stock] "Collaboration with Rainbow" Tirobotics Rises for Two Consecutive Days

As of 9:32 AM on the 12th, Tirobotics' stock price on the KOSDAQ market is recorded at 13,690 KRW, up 10.23% from the previous closing price. Following the announcement the previous day about increasing market share in domestic and international robot and logistics automation markets through cooperation with Rainbow Robotics, the stock hit the upper limit price, continuing its strong performance for two consecutive days.

Tirobotics is a specialized company in medium-to-large factory automation and Autonomous Mobile Robots (AMR), supplying AMRs to global semiconductor equipment manufacturers and North American logistics companies. Based on consolidated financial statements, it announced provisional results at the end of last month with sales of 60.7 billion KRW, an operating loss of 6.4 billion KRW, and a net loss of 2.4 billion KRW for the previous year.

Earlier on the 11th, Rainbow Robotics and Tirobotics announced that they had signed a Memorandum of Understanding (MOU) to jointly pursue large-scale logistics automation robot market opportunities. Through this agreement, the two companies plan to combine Rainbow Robotics' robot technology and solution development capabilities with Tirobotics' accumulated experience in developing and supplying medium-to-large AMRs to develop and operate customized robot technologies and solutions for customers.

The two companies plan to introduce AMRs ranging from 0.4 tons to a maximum of 3 tons suitable for electric vehicle battery production processes, automotive parts transfer automation processes, and cleanroom processes, as well as collaborative robots optimized for semiconductor, display processes, and cleanrooms. Based on this, they intend to rapidly expand their market share in domestic and international robot and logistics automation markets.