NeusLab CEO JaeHyuk Choi: "Targeting the Global Defense Market with Drone Technology Validated in 40 Countries"

Accumulating AI Autonomous Flight Technology in Wind Power
Targeting the Defense Market
Declares Candidacy for KOSDAQ Listing

The recent war in the Middle East has highlighted that it is not easy to defend against attacks by low-cost drones with current defense systems. This is because expensive interceptor missiles must be used against inexpensive attack drones. It has also shown that the presence or absence of skilled pilots has a significant impact on effectiveness. NeusLab is a physical AI autonomous flight drone company that has taken on the challenge of solving these two newly prominent issues on the battlefield. This is based on its technological expertise accumulated for over 10 years in the global wind turbine inspection market. Leveraging this foundation, NeusLab entered the defense industry in 2024 and rapidly secured various references in a short period. Now, to more aggressively target the global defense market, the company has declared its intention to go public on KOSDAQ.

On August 6, NeusLab held an initial public offering (IPO) press conference at 63 Square in Yeouido, Seoul, unveiling its core technological strengths and its growth strategy after listing. Established in 2015, NeusLab has commercialized autonomous flight technology that enables drones to perceive, determine, and execute missions independently, without human control. Its key technology lies in integrating software and hardware into a unified system, allowing the execution of sophisticated artificial intelligence (AI) missions stably, even under limited operating conditions.

At a press conference held on the 6th at 63 Square in Yeouido, Seoul, Jae Hyuk Choi, CEO of NearsLab, is presenting the core technology competitiveness and growth strategy after going public. NearsLab

Through its wind turbine safety inspection business, NeusLab has inspected over 100,000 wind turbine blades across more than 40 countries worldwide, achieving a mission success rate of over 99%. Building on its accumulated autonomous flight technology and operational experience, the company expanded into the defense sector by developing the anti-drone hard-kill solution "KAiDEN" and the swarm suicide drone "XAiDEN." JaeHyuk Choi, CEO of NeusLab, explained, "We applied the proven technologies from wind power inspections to KAiDEN, and then further incorporated these into XAiDEN, a swarm drone used in combat, enabling us to rapidly complete the product."

Results in the defense sector are quickly materializing. XAiDEN has been designed as a next-generation tactical platform enabling a single operator to control up to 10 drones simultaneously, and last year it secured a project worth approximately 10 million dollars. KAiDEN, an optimal solution that can neutralize enemy drone threats at low cost and with high efficiency, has already been exported to Southeast Asian regions including Singapore.

These business outcomes have translated into sales growth. As revenue from the XAiDEN project, awarded in the second half of last year, was recognized in the second quarter of this year, NeusLab recorded provisional second-quarter revenue of 16.9 billion won and an operating profit of 500 million won, achieving a quarterly operating surplus. The company explained that large-scale overseas defense projects have started to contribute not only to technology validation but also to revenue growth and improved profitability.

Going forward, NeusLab plans to selectively target customers with high long-term procurement potential and aims to secure new contracts within the year. The company intends to apply the same strategy to its defense business that it used in the wind power sector, where it first secured leading global clients and then expanded the market based on those references. CEO Choi remarked, "What was validated in 40 countries was not just a single drone, but NeusLab's core technology of physical AI," adding, "This can be expanded anywhere."

CEO Choi continued, "Once the listing is complete, we will become the first physical AI drone company listed on the KOSDAQ market in Korea," emphasizing, "Starting with this IPO, we will expand investments in production infrastructure and R&D, and will accelerate the global supply of KAiDEN and XAiDEN."

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