Krios Takes Lead in Hydrogen Market... Signs Contract with Underwriter for IPO

[Asia Economy Reporter Park So-yeon] Daechang Solution's subsidiary Crios is entering the KOSDAQ listing process. Crios is a specialized manufacturer of cryogenic tanks, holding a 91% market share in the domestic LNG satellite base market and 83% in large LNG storage tanks.

Crios announced on the 25th that it signed an initial public offering (IPO) underwriting contract with Eugene Investment & Securities.

The company possesses outstanding technology in areas such as ▲hydrogen, LNG, and ammonia distribution facilities ▲large cryogenic liquefied gas facilities ▲eco-friendly engine fuel supply devices. It exclusively supplies the four currently operating private LNG charging facilities.

Based on its overwhelming market share in the LNG sector, Crios has a track record of supplying LNG propulsion fuel devices, a recent key topic in the shipbuilding industry, to companies such as Econuri and Isla Bella.

Kim Dae-sung, CEO of Crios, stated, "A favorable environment is being created due to recent government carbon neutrality policies, the introduction of the clean hydrogen certification system, and the Clean Hydrogen Power Supply Obligation (CHPS) system." He added, "We plan to secure a leading position in the hydrogen market through the listing."

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