Nanochemtech Rebrands as "LSK iRobot" to Transform into AI and Robotics Company

KOSDAQ-listed company Nanochemtech has changed its name to LSK iRobot and is set to accelerate its growth strategy centered on AI application software and robotics.

The company plans to maintain a stable revenue base from its existing functional materials business while simultaneously seeking new growth engines by combining AI technology and robotic solutions.

Earlier this year, LSK iRobot completed the acquisition of Onetouch AI, an AI application software company, thereby securing related technological competitiveness. Onetouch AI is led by CEO Jongwon Choi, a former principal researcher at the Samsung SDS Artificial Intelligence Research Center and currently a professor at Chung-Ang University. The company possesses advanced computer vision and generative AI technologies.

LSK iRobot intends to integrate Onetouch AI’s visual intelligence and generative AI technologies into its robotics business, aiming to develop AI-powered robotic solutions that can be applied to various industrial fields such as manufacturing, logistics, and services.

The company has also established a solid financial foundation to support new business expansion. LSK iRobot recently secured approximately 17.2 billion won in cash by selling non-core assets, and plans to utilize these funds for advancing AI software technologies, expanding the robotics business, and pursuing new investments.

The company will also continue its core businesses in ESD (electrostatic discharge) protection films and antistatic coating materials. Currently, it holds a total of 24 industrial property rights, and its strategy is to build a business structure that combines stable cash flow from the materials business with investments in new ventures.

The company explained that this listing change is a strategic move to shift away from a materials-focused business portfolio and increase the proportion of AI application software and robotics within its operations.

A company official stated, “The name change reflects our mid- to long-term growth strategy centered on AI and robotics,” adding, “We plan to focus on strengthening our competitiveness in AI application software and the robotics business based on the liquidity we have secured.”

Meanwhile, LSK iRobot is pursuing business expansion based on the stable profitability of its existing materials business. On a separate basis, operating profit increased from approximately 980 million won in 2024 to about 1.49 billion won last year.

Through this name change and business restructuring, LSK iRobot aims to secure a future growth foundation by combining stable materials operations with AI software and robotics technologies.

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