[Market Focus] Kowintech Secures Orders for AMR and Assembly Robots

Kowintech is showing strong performance. The company's share price appears to be influenced by news that it has secured a new order for an energy storage system (ESS) manufacturing line robot system from a global ESS manufacturer. The contract partner and contract amount have not been disclosed due to the need to maintain trade secrets.

As of 1:49 p.m. on September 17, Kowintech was trading at 17,530 won, up 21.86% from the previous trading day.

Recently, demand for ESS has surged due to the proliferation of artificial intelligence (AI), the expansion of data centers, and the acceleration of the transition to renewable energy. As ESS projects increase globally, demand is also rising accordingly. In line with these changes, the efficiency of ESS manufacturing lines is becoming increasingly important.

Kowintech is expanding its business domain into the ESS industry based on its existing battery cell automation capabilities. Through this order, the company will supply autonomous mobile robots (AMR) that handle the entire ESS manufacturing line, as well as assembly robots that assemble battery modules and packs into ESS units.

The company explained that the ultra-heavy-duty AMR, capable of transporting large ESS containers weighing tens of tons, is the first of its kind in logistics automation for domestic manufacturing, and that this project is significant because both AMRs specialized for ESS process automation and assembly robots are being delivered simultaneously.

Kowintech is expanding its product portfolio into various industries as it begins full-scale commercialization of AMRs this year. The company stated that it plans to continue expanding its order portfolio based on its AMR technology, targeting sectors such as automotive, semiconductors, and advanced materials.

A Kowintech representative said, "We expect the AMR for ESS manufacturing lines awarded in this order to be reflected in our earnings starting from the fourth quarter of this year. We plan to accelerate portfolio expansion by continuously securing supply contracts based on our smart factory automation robot technology and by supplying customized logistics robots tailored to each industry."

Kwon Myungjun, a researcher at Yuanta Securities, commented, "Kowintech is widely viewed as a secondary battery equipment company. While it does have subsidiaries related to secondary battery materials, it is more reasonable to classify it as an automation system company on a standalone basis."

He added, "Kowintech supplies autonomous mobile robots (AMR) to secondary battery companies. Given the growing competition among secondary battery equipment companies, it is reasonable to compare Kowintech to factory automation (FA) and robotics companies."