[Click eStock] "Intops Expected to Benefit from Entry into Large Corporation Service Robot Industry"

Yuanta Securities Report

[Asia Economy Reporter Minji Lee] Yuanta Securities forecasted on the 16th that Intops is highly likely to have its robot production capabilities highlighted due to large corporations entering the service robot business.

Intops was established in June 1981 as Shinyoung Chemical Corporation, changed its name to Intops in July 1997, and was listed in 2002. Its business divisions are categorized into IT devices, automotive parts, home appliance ASS’Y, and molds. Since 2015, the company has been actively pursuing a strategy to secure new clients and items by utilizing technology and idle facilities. Initially, it conducted projects mainly with startups, and in 2020, when COVID-19 became widespread, sales for diagnostic kits began in earnest, expanding the proportion of new business sales.

The company is exclusively producing and supplying Bear Robotics' serving robots this year. Bear Robotics is a robot startup founded in 2017 in California, USA, supplying serving robots in Korea, the United States, and Japan. The company plans to sell 5,000 serving robots in 2021 and 10,000 units this year. Bear Robotics is collaborating with KT domestically, and the selling price of the serving robots is around 20 million KRW. Researcher Myungjun Kwon of Yuanta Securities said, “Considering that the company’s sales occur at about 30% of the product price, sales of 29.1 billion KRW based on 5,000 units and over 50 billion KRW based on 10,000 units are possible.”

Currently, the company possesses both plastic injection and metal mold technologies through its IT device (smartphone) and home appliance ASS’Y businesses. Since 2015, it has gained experience in manufacturing various products through collaborations with diverse companies. Starting this year, through the serving robot manufacturing business with Bear Robotics, it has acquired manufacturing technology and mass production experience for robot products.

Researcher Kwon explained, “When domestic large corporations engage in service robot-related businesses, the company’s strengths are likely to be highlighted. The reasons include shortened manufacturing periods, convenience in A/S, and defense against manufacturing technology leakage.”

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