[Featured Stock] IM, US Pushes "Ban on Chinese Drone Purchases"... Spotlight on Drone Solutions Supplied to US Department of Defense '↑'

Shares of IM are rising on news that the U.S. House of Representatives is pushing a bill to ban the purchase of Chinese-made drones. This is interpreted as highlighting IM's delivery of drone-related solutions to the U.S. Department of Defense (DoD).

As of 1:44 PM on the 2nd, IM was trading at 7,170 KRW, up 280 KRW (4.06%) from the previous trading day.

According to major foreign media on the 1st, the U.S. House China Committee is set to submit a bill banning the U.S. government from purchasing Chinese-made drones.

The bill is being led bipartisanly by Republican Congressman Mike Gallagher and Democratic Congressman Raja Krishnamoorthi and is planned to be submitted as the "American Security Drone Act."

Congressman Gallagher expressed concern, stating, "The Chinese Communist Party is monopolizing the drone market and weaponizing it," and added, "While Hamas is conducting drone terror attacks, drone exports to Ukraine are being restricted."

Meanwhile, IM is engaged in drone-related business with Kaitus Technology, the official domestic reseller of Fortem Technologies, which is headquartered in the U.S.

Fortem Technologies' Fortem TrueView radar system is a technology that can detect and avoid other airborne objects beyond visual line of sight (BVLOS). This is a core technology used in drone delivery systems and air taxis.

Previously, the U.S. Department of Defense signed various drone-related solution purchase contracts including Fortem Technologies' SkyDome®, DroneHunter®, DroneHangar, and TrueView™ radar systems for various military operations.

Additionally, Fortem Technologies' drone detection radar has received approval from the U.S. Federal Aviation Administration (FAA), the U.S. Department of Defense, and NASA (National Aeronautics and Space Administration).

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