Power Auto Robotics (CEO Hwang Jang-seon), a specialized industrial robot equipment company, announced on the 5th that it is starting full-scale preparations for an initial public offering ( IPO ). The company signed an IPO

lead manager contract with Samsung Securities. Power Auto Robotics is a venture company that has developed a ‘hybrid orthogonal robot equipment’ and possesses the technology to assemble various types of electronic products into a single equipment. Based on this technology, it is providing ‘unmanned robot manufacturing process solutions’ to global companies at home and abroad.

The company’s main product, the ‘i-Series (I Series) Robot Machine’, is equipped with torque monitoring technology for each part, optical and vision algorithm technology, and ultra-precision calibration technology . In recognition of this technological prowess, the company attracted 3.5 billion won in a Series A investment round early this year.

Hwang Jang-seon, CEO of Power Auto Robotics, said, “We will further strengthen our competitiveness in the global market by cooperating with Samsung Securities,” and “Based on this contract, we plan to accelerate IPO preparations, technology development, and global business expansion.” He added, “We will strive to maximize the value of the company and provide greater value to shareholders.”

With this contract, Power Auto Robotics will begin the listing process in earnest. The company said, “We will further solidify our position in the global unmanned robot solution market,” and “Our goal is to establish ourselves as a global unmanned robot manufacturer through continuous innovation and growth.”