Now Robotics Signs 3.7 Billion Won Robot Automation System Supply Contract with Hankook FUKOKU

Now Robotics, an intelligent robotics specialist led by CEO Lee Jongju, announced on March 4 through a regulatory filing that it has signed a supply contract worth approximately 3.7 billion won for a "robot assembly automation system" with Hankook FUKOKU, a company specializing in automotive parts.

This contract pertains to the supply of robot assembly automation equipment for automotive engine dampers to FKC America (its U.S. plant). The contract amount is 3.7 billion won (excluding value-added tax), and the contract period runs from March 4, 2026, to February 28, 2027.

The system supplied by Now Robotics is a robotic automation solution optimized for core automotive component assembly processes that require high precision and durability. Now Robotics will manage the entire process—from design and manufacturing to trial operation—using its in-house production system, and plans to complete local installation and final inspection in the U.S. by February 2027.

This order, in particular, is regarded as a major achievement following Now Robotics' recent acquisition of Hanyang Robotics, another robotics automation specialist, consolidating production infrastructure and technological capabilities. Industry analysts note that the enhanced ability to handle large-scale orders and execute global projects through the integrated operations of the two companies is now yielding tangible results in the market.

Payment will be made in installments: a 30% down payment (within 10 days of the contract date), the first intermediate payment of 30% (after 100% of purchased components are received and 50% of mechanical assembly is completed), the second intermediate payment of 30% (after completion of trial operation and shipment in Korea), and the remaining 10% (after installation, trial operation, and final inspection are successfully completed at the U.S. site).

A Now Robotics representative stated, "This contract is the result of meeting global demand for robotic automation in automotive parts manufacturing," adding, "Based on our capability to execute large-scale projects, including local application in the U.S., we will continue to expand orders for robotic automation centered on overseas manufacturing bases."

Meanwhile, Now Robotics has recently completed the acquisition of Hanyang Robotics and, through integrated operations, launched a full-scale "ONE TEAM" system that unifies the sales, production, R&D, and customer support functions of both companies. Leveraging the 16,500-square-meter large-scale production infrastructure gained through this acquisition, the company has internalized the entire value chain from design and manufacturing to automation and service. Based on this, it plans to further strengthen its capacity to handle large-scale orders and accelerate the establishment of mass production systems for next-generation robots such as AI and humanoids.

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