Wavers Announces Transition to AI Platform Company... Aiming to Revalue Corporate Worth with GeoAI and AI Agents

On August 6, Wavers (336060) announced that it will accelerate its transition from a system integration (SI)-focused business structure to an AI platform company by promoting a new growth strategy based on artificial intelligence (AI).

On this day, the company released a letter to shareholders from the CEO, revealing its mid- to long-term growth strategy and shareholder return policy, aimed at re-evaluating corporate value and increasing shareholder value.

For the past 20 years, Wavers has led Korea’s digital transformation in geospatial information by implementing the National Real Estate Comprehensive Study System (KRAS) and the construction of the K-Geo platform. Recently, the company has continued to achieve results in future growth areas, securing consecutive projects such as Korea Airport Corporation’s ‘elevator-type vertiport platform’ and the company-wide AI transformation (AX) AI platform project for Korea Electrical Safety Corporation.

Nevertheless, the company believes that its current stock price remains undervalued compared to its asset value and growth potential. Thus, Wavers has presented a value enhancement strategy to shift market perception from that of a simple SI provider to an AI solutions and AI agent company.

First, based on its proprietary ‘GeOnAI v1.0’, Wavers plans to expand its AI agent services specialized for law and licensing. In addition, the company aims to pioneer new markets and diversify its revenue streams by adding various services to its cloud-based geospatial information platform ‘GeOnPaaS’.

The company also plans to accelerate the commercialization of large-scale government R&D projects, such as urban safety AI, digital twins, and urban air mobility (UAM) control systems. Through these efforts, Wavers aims to establish a stable business portfolio less affected by market cycles and emerge as a high-value-added AI platform company.

Wavers will also strengthen its communication with the market. The company plans to expand its investor relations (IR) organization, increase regular non-deal roadshows (NDR), and actively engage with investors. Additionally, it will enhance contact points with the media and institutional investors to proactively disclose its management performance and growth strategies.

Shareholder return policies are also under review. The company aims to establish a mid- to long-term capital allocation plan and implement shareholder return policies in stages, based on performance and profitability improvements from its GeoAI business.

Hak-Sung Kim and Chang-Hoon Park, CEOs of Wavers, stated, "Wavers is at a turning point, evolving from a mere geospatial information construction company to a leading player in the GeoAI and physical AI platform sectors. We will do our utmost to ensure a rational re-evaluation of our corporate value and achieve a corresponding increase in stock price."

This strategy is significant in that it seeks to enhance corporate value by advancing the business structure centered on AI agent and GeoAI platforms, while simultaneously commercializing national R&D results and pursuing shareholder return policies.

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