Cartis Announces 200% Stock Dividend, Citing "Enhancement of Shareholder Value"

Cartis has embarked on a full-fledged shareholder-friendly initiative by conducting its first-ever stock dividend since listing.

On November 12, Cartis announced its decision to carry out a stock dividend, allocating two new shares for every one common share held.

This stock dividend was decided as part of Cartis’s shareholder return policy. The company also expects to boost market liquidity by increasing the number of shares in circulation. Starting with this stock dividend, Cartis plans to review various additional shareholder-friendly policies in the future.

Upon completion of the stock dividend, Cartis’s total number of issued shares will increase from the previous 19,102,219 shares to 53,447,539 shares. The record date for the allocation of new shares is November 28, and the scheduled listing date is December 17.

Recently, Cartis launched its next-generation perimeter defense security system based on quantum cryptography, “AxiQuant 1.5.” This system features both traditional access control security and outer perimeter defense capabilities.

By adopting global standard equipment such as Advantech’s digital I/O module device (ADAM), Cartis has enhanced both the stability and scalability of the system. By the end of this year, the company plans to supply the system primarily to key national facilities and top-security sites classified as “Grade A” under the Integrated Defense Act.

With increasing instability in the international situation, the need to strengthen security at key national facilities and critical infrastructure is growing. There is a rapidly rising demand for integrated security systems capable of defending against both cyberattacks and physical intrusions.

Cartis plans to develop an outer perimeter defense security system in the first half of next year by integrating quadruped robots and drones with AxiQuant 1.5, thereby expanding its integrated security platform from quantum cryptography-based cyber protection to physical response using autonomous robots.

A company representative stated, “This stock dividend is the first step in enhancing shareholder value and reflects our confidence in the growth potential of businesses such as AxiQuant 1.5 and our overall corporate value,” adding, “By building a next-generation integrated security platform, we aim to further strengthen our competitiveness in the market for key national facilities and critical infrastructure.”