Deepnoid "Major Shareholder Stake Purchase Reflects Confidence in Growth"

AI specialist company Deepnoid announced on the 29th that its largest shareholder, CEO Choi Woosik, and Executive Director Kim Taegyu each purchased 65,000 shares and 64,897 shares, respectively, on the previous day in the market.

The company explained that the largest shareholder's purchase of shares reflects confidence in the company's growth potential.

Choi Woosik, CEO of Deepnoid, stated, "Amid growing market interest in AI companies, Deepnoid's core businesses are steadily progressing well. Although sales related to secondary batteries began to be recognized from the second quarter, marking the start of substantial performance growth, there were still many doubts in the market about the company's business."

He added, "As seen in recent order announcements, the second half of the year will clearly show efforts toward growth next year, regaining market trust. In particular, we expect momentum in the medical sector with the full-scale start of non-reimbursed sales, and in the security sector with overseas airport orders."

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