'3D Spatial Information Company' Aegis to Pursue IPO Next Year Under NH Securities' Management

[Asia Economy Reporter Jang Hyowon] A 3-dimensional (3D) spatial information company, Aegis, is pursuing an initial public offering (IPO).

According to the investment banking (IB) industry on the 27th, Aegis recently signed an IPO underwriting contract with NH Investment & Securities and is preparing for a KOSDAQ technology special listing targeting mid-next year.

Founded in 2001, Aegis is a company that developed Korea's first 3D spatial information digital twin platform based on Geographic Information System (GIS).

The digital twin, which corresponds to the mirror world of the metaverse, is a virtual world implementation of a space identical to the real world. For example, if a situation needs to be tested, a system can simulate and analyze it by first creating a virtual space identical to the real one.

In particular, disaster and hazard analysis simulations can directly help solve social problems. According to overseas market research firms, the digital twin market is expected to grow at an average annual rate of 40-50% over the next five years.

Aegis's main solution is ‘XD WORLD’. XD WORLD is a platform that includes development capabilities to share and utilize various spatial information. Through this platform, various spatial information such as national land information, road traffic, social welfare, and culture and sports can be converted into data and used.

Aegis consolidated the technology and know-how accumulated over the past 21 years to complete the open digital twin platform 1.0 last year. Globally, companies capable of implementing such a business model are limited to the US ESRI’s ArcGIS Online, MapBox, Cesium Ion, and domestically, Aegis’s XD World is the only one.

In particular, Aegis’s platform has the advantage of convenience because numerical data can be uploaded to the map by drag & drop, automatically converting files, analyzing coordinates, and distinguishing layers all at once. It also offers diverse SDK template support for developers, enhancing development certainty and applicability.

An Aegis official said, “Through listing, we aim to enhance corporate value, maximize our capabilities in overseas markets, and expand sales power by establishing overseas subsidiaries. We also plan to utilize Aegis satellites in the future.”

Meanwhile, Aegis received an investment of 3 billion KRW from VIVE Company in August last year. VIVE Company and Aegis are jointly developing a metaverse platform.

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