HanJoo Light Metal Selected as Lead Organization for National Project on Aluminum Hollow Body Housing for Humanoid Robots… Secures KRW 2.27 Billion Government Grant for R&D
HanJoo Light Metal has been selected as the lead organization for the G-ATC project under the Ministry of Trade, Industry and Energy and KEIT, tasked with developing ultra-thin, high-strength, high-thermal-conductivity aluminum hollow body housings for humanoid robots.
The total project cost is KRW 4.31 billion, with KRW 2.27 billion allocated to HanJoo Light Metal as a government grant, representing 4.9% of its equity of KRW 46.5 billion. Key participants include Hyundai Motor as the demand organization and Worcester Polytechnic Institute from the US, enhancing technical feasibility.
This is a government-funded R&D project with no equity issuance or capital change, so there is no dilution risk for existing shareholders. The stable government support allows the company to develop next-generation robotic material technology without financial burden.
[AI Summary]HanJoo Light Metal secures a KRW 2.27 billion government grant as the lead organization for a national project to develop high-performance aluminum components for humanoid robots, with no dilution to shareholders. Collaboration with credible partners like Hyundai Motor strengthens long-term competitiveness and growth prospects.
KOSDAQ Filing Information
Other Management Matters (Voluntary Disclosure): Selected As Lead Institution For National Project 'Global Excellent Enterprise Research Institute Development Project (G-ATC)' By Ministry Of Trade, Industry And Energy