Xpanner, a company exporting physical AI-based construction automation kits, announced on December 5 that it has received the "1 Million Dollar Export Tower" award at the 62nd Trade Day ceremony.
This award officially recognizes Xpanner's rapid growth in the renewable energy and power infrastructure construction sector, primarily in the United States. The company's annual revenue, which stood at 5 billion KRW in 2022, is expected to exceed 30 billion KRW by the end of this year.
A Spanner X1 kit is installed on the piledriver at a solar power plant construction site in Arizona, USA. Spanner
This increase in revenue has been largely driven by exports of Xpanner's core product, the X1 Kit construction machinery automation solution, to the United States. The X1 Kit is a solution that automates construction machinery such as piledrivers used in large-scale energy infrastructure projects, including solar power, battery energy storage systems (BESS), and data centers. Since its launch in the first half of this year, adoption in the U.S. market has been rapidly increasing.
Xpanner has solidified its position in the global market by consecutively securing top-tier U.S. EPC companies such as Black & Veatch, Hanwha Qcells, and Mortenson as clients. As the number of clients grows, the proven stability and productivity improvements of the X1 Kit are making a direct contribution to export growth.
The X1 Kit features a retrofit structure that allows for easy installation on existing equipment, enabling rapid adoption at various sites. In addition, Xpanner continuously improves its products by leveraging its strong field service capabilities to respond to customer needs in real time.
Park Juhan, CEO of Xpanner, stated, "Winning the 1 Million Dollar Export Tower award is especially meaningful as it demonstrates that the full-scale overseas export of our X1 Kit has become the main driver of our revenue growth. Moving forward, we will further advance our Physical AI-based automation technology to enhance productivity and safety in global infrastructure construction."
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