[Special Stock] Nano Silican Soars 15% on News of AI Disaster Safety Technology MOU

Nano Silican Advanced Materials is showing strong performance in early trading.

As of 9:03 a.m. on July 25, shares of Nano Silican Advanced Materials are trading at 2,080 won, up 14.85% (269 won) from the previous day.

It is interpreted that investor sentiment has been stimulated by news that the company signed a strategic partnership agreement with Mgen Solution regarding artificial intelligence (AI) disaster safety systems and nanotechnology.

The main points of this agreement include: ▲ development of AI technology-based nano security and safety solutions; ▲ joint research on fire detection and suppression systems as well as secondary battery fire prevention technology; ▲ cooperation in securing orders for AI firefighting systems for data centers and logistics centers; and ▲ collaboration at the pre-sales stage, including sales, consulting, and technical support. In particular, it is expected that AI fire detection and suppression equipment will be supplied for large-scale development projects conducted by affiliates of Nano Silican Advanced Materials through cooperation between the two companies.