Abko Expands Charging Locker 'PadBank' Business... "Targeting Commercial Markets Beyond Education"

Abko, a specialized new life platform company centered on gaming gear, is expanding its smart school device charging and storage cabinet, 'PadBank,' into the commercial market following its success in the education sector.

On the 21st, Abko announced that it is supplying PadBank to general commercial facilities using tablet PCs. Based on stable references established through the nationwide elementary, middle, and high school smart school projects, the company plans to expand product supply to major domestic automobile production lines, universities where tablet PC usage is widespread, clothing stores, cafes, and other general commercial facilities.

An Abko representative stated, “As tablet PC usage during payment processes increases in general stores, including large clothing stores, the front-end market for PadBank, which can simultaneously charge, store, and synchronize devices, is expanding. The public business division's sales proportion increased from 22.5% last year to 40.4% this year, based on PadBank.”

They added, “PadBank, which has secured the number one market share with its unique technology and business references, is preparing to supply through bids in the Gyeonggi, Chungnam, Sejong, and Incheon regions. We are also exploring future growth engines through overseas expansion to Indonesia and pioneering new public business sectors.”

PadBank is a device necessary for simultaneously charging and storing smart devices. The market has expanded in line with the government’s Green Smart School and digital-based education innovation policies.

Abko holds numerous patents related to PadBank and is responsible for planning, manufacturing, sales, and distribution. The company has supplied products to many elementary, middle, and high schools nationwide, including in Chungnam, Jeonnam, Gyeongnam, Gangwon, and Busan. PadBank features ▲bulk synchronization ▲overcharge prevention ▲automatic charging solutions ▲and Korea’s only FDA medical device-grade COVID-19 sterilization function, earning excellent evaluations in educational settings.

Meanwhile, on the 8th, Abko announced a stock split to activate stock trading by increasing the number of shares outstanding, reducing the par value per share from 500 won to 100 won. An extraordinary general meeting of shareholders will be held on October 25 to approve the stock split and the transfer of capital reserves to retained earnings (33 billion won). This is a proactive measure to prepare for future treasury stock acquisition and stable shareholder return funding.

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