Ubivelox Reports Q1 Sales of 153.4 Billion Won... Growth Driven by Metal Card and Security Businesses

Ubivelox continued its momentum of improved performance in the first quarter of this year, driven by growth in its metal card and security businesses.

On May 14, Ubivelox announced that its consolidated sales for the first quarter reached 153.4 billion won. On a separate basis, the company recorded sales of 28.8 billion won and an operating profit of 1.5 billion won.

The company explained that the expansion of its high value-added metal card business was the main driver behind its performance growth. Jeonggyu Kang, Head of Corporate Strategy, stated, "The supply volume of metal cards increased by more than 80% compared to the same period last year, contributing to improvements in both sales and profitability. In addition, the expansion of our device security and mutual authentication businesses also led to overall performance enhancement."

He continued, "We are strengthening our capabilities to address the next-generation security market by advancing post-quantum cryptography (PQC)-based security technology and device authentication technology. Based on the commercialization of KLSC (Korea Local Smart Card), we aim to enhance our competitiveness in the financial business based on domestic payment standards, and plan to expand our business scope to include mobile and contactless payment markets in the future."

Ubivelox is also accelerating efforts to secure new growth engines. The company is strengthening its domestic and international market strategies with a focus on its digital twin business, and in the automotive electronics division, it is expanding its product lineup beyond existing black boxes to include dashcams, smart audio systems, and switch controllers.

In particular, the company is making notable progress in entering the finished vehicle 'before-market' segment, based on its global supply agreement with BMW and expanded supply to Mercedes-Benz Korea. Ubivelox has set a goal to make this year the starting point for diversifying its automotive electronics business portfolio.

Additionally, the company is expanding its IP business and rights protection activities, leveraging its intellectual property to target global big tech companies, automotive OEMs, and mobility platform operators. Ubivelox plans to nurture this area as a core high-profit business over the mid to long term.

By expanding into digital twin, automotive electronics, and IP businesses in addition to its growing metal card and security businesses, Ubivelox is accelerating its efforts to build the foundation for future growth.

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