[Featured Stock] Rainbow Robotics Rises 4.3% on National Project Selection News
Rainbow Robotics is showing strong performance following the news that it has been selected as a joint research and development institution for a government national project.
![[Featured Stock] Rainbow Robotics Rises 4.3% on National Project Selection News](http://www.asiae.co.kr/news/img_view.htm?img=2023032709413167249_1679877691.jpg)
As of 10:24 AM on the 7th, Rainbow Robotics was trading at 139,800 KRW, up 4.33% compared to the previous closing price.
Rainbow Robotics was selected as a joint research and development institution for a government national project to develop and demonstrate a solution based on a quadruped robot for firefighting that detects human lives and extinguishes fires. During the session, the stock price exceeded 153,000 KRW, marking a 52-week high.
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The government national project is led by the Korea Institute of Robot Convergence under the Ministry of Trade, Industry and Energy. It is part of a safety robot technology development project aimed at preventing accidents for workers in disaster and hazardous work sites, with a total project budget of 17.4 billion KRW.
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