[Market Focus] SOS Lab Rises 3% on Expanded LiDAR Supply

The stock price of SOS Lab, a LiDAR (Light Detection and Ranging) developer that is accelerating its global supply in line with the growth of the autonomous driving and robotics industries, is on the rise. LiDAR is a technology that emits laser beams and measures the distance to an object by receiving signals reflected from the target.

As of 9:42 a.m. on June 2, SOS Lab was trading at 13,380 won, up 390 won (3.00%) from the previous trading day.

CTT Research commented on the same day, "As Hyundai Motor Group accelerates its robotics business as a future growth engine, SOS Lab's technological capabilities are being recognized, and its position as a partner is growing stronger. The company has now entered a phase of expansion from autonomous driving to robotics." However, CTT Research did not provide an investment opinion or a target price.

CTT Research also stated, "SOS Lab has conducted extensive internal testing for a long period to supply LiDAR for installation in B Company, the global No. 1 humanoid robotics company, and it appears that the supply has finally been confirmed. The final contract is expected to be concluded as early as this month," adding, "Unlike competing products already installed, SOS Lab's product is embeddable and is considered superior in terms of performance."

The report continued, "With LiDAR supply now confirmed not only for Hyundai Robotics Lab but also for B Company's robots, it is time for the company to be re-evaluated as a robotics company," adding, "Among listed domestic robotics-related companies, it is currently the most undervalued."