National Project Selection Secures 3.5 Billion KRW in Government R&D Funding with No Capital Dilution
Kornic Automation has been selected as a participant in the national project for commercial-area perovskite/crystalline silicon tandem module technology development and demonstration, managed by the Korea Institute of Energy Technology Evaluation and Planning.
The total project cost is 58.7 billion KRW including a government grant of 25 billion KRW, with Kornic receiving 3.5 billion KRW in government R&D funding and contributing 1.72 billion KRW in private funds, requiring no additional capital raising.
The project is led by Hanwha Solutions Q Cells, a major energy conglomerate, and runs from April 2026 to March 2029 in collaboration with eight other institutions.
Kornic will develop integrated automated testing equipment architecture, thin-film fabrication, and analysis measurement systems, strengthening its automation capabilities in the solar sector.
[AI Summary]This national project selection provides government-funded R&D without diluting existing shareholders. Collaboration with Hanwha Solutions and participation in next-generation solar technology development secures long-term growth potential.
KOSDAQ Filing Information
Major Management Matters Related To Investment Decision ([Selection Of National Project] Development And Demonstration Of Commercial-Size Perovskite/Crystalline Silicon Tandem Module Technology (Climate Energy Environment Department))