[Featured Stock] Amosense, Sufficient Growth Drivers Including US Company A's Wearable Project and Mobis Autonomous Driving

[Asia Economy Reporter Hyunseok Yoo] Amosense, a newcomer to the KOSDAQ market, is showing strong performance for the second consecutive day.

As of 9:37 AM on the 28th, Amosense was trading at 19,100 KRW, up 20.13% (3,200 KRW) compared to the previous trading day.

Since hitting the price limit on its first day of listing, the upward trend has continued.

Amosense, established in 2008, is a next-generation automotive electronics and Internet of Things (IoT) comprehensive solutions company. It developed the world's first wireless charging shielding sheet. The company is focusing on advancing core communication modules and precision sensor technologies needed for autonomous and eco-friendly vehicles. Starting as early as this year, it plans to begin full-scale mass production of new business items across all its business areas, including automotive electronics, IoT, existing radio frequency (RF), and materials.

Recently, the adoption rate of wireless charging in wearable devices such as smartwatches, AR glasses, and wireless earphones has been increasing. The market growth rate is expected to be 50% annually, forming a wireless charging market larger than that of smartphones. Amosense's major customers include domestic company S, European company G, and American companies G and A. This year, American company A designated Amotech, China's Amphenol, and China's Sunway as partners for a new wearable project and recommended using Amosense's wireless charging shielding sheets. Purchase orders have been received from Amphenol and Sunway.

Researcher Jongseon Park of Eugene Investment & Securities explained, "Since last year, shielding sheets have been applied to Amazon tablets and Kindles," adding, "We are expanding our customer base to include Google and Continental."

He continued, "In May this year, wireless charging modules were applied to Amazon Echo Buds," forecasting continued performance growth.

He also analyzed, "The freely tradable shares after listing account for 32.5% (3.64 million shares) of the total shares, which is not a large amount."

He further stated, "The business will expand not only in next-generation automotive electronics but also in IoT," adding, "We supply total solutions for automotive and IoT, from UWB and RF communication design to sensors, modules, and platforms." He emphasized, "This year, digital keys based on UWB are scheduled to be commercialized by Hyundai Motor and BMW," and "Samsung Electronics is mass-producing UWB SmartTag Plus."

Amosense is developing hydrogen vehicle pressure sensor modules and hydrogen precision sensor modules. In January 2023, it will mass-produce high-pressure and medium-pressure modules for Hyundai Motor's hydrogen trucks. It is also developing AI speaker voice recognition modules for autonomous driving and is working on voice recognition modules for Hyundai Mobis's autonomous driving infotainment systems.

This content was produced with the assistance of AI translation services.