Airrane to Hold IR Briefing for Domestic Institutional Investors

Airrane will hold an investor relations (IR) briefing for domestic institutional investors.

According to Airrane on October 14, the briefing will cover first-half business performance, expanded production capacity at its new Cheongju plant, the status of supplies of nitrogen generation modules for European vessels, progress on new businesses such as biogas upgrading and carbon capture, utilization and storage (CCUS), and its medium- to long-term growth strategy.

Airrane expects its performance to improve, supported by steady growth in module sales, new order activity, and increased recognition of system sales in the second half of the year. In particular, the share of large-module sales is gradually increasing as repeat orders from existing customers continue and the company expands its customer base.

In its new business segment, Airrane is working with local governments and hydrogen ecosystem operators on biogas upgrading plants and carbon capture and liquefaction projects related to steam methane reformers (SMRs) for hydrogen production. It is accelerating the commercialization of its biogas upgrading and carbon capture businesses after being selected as the preferred bidder for the “Manufacture and Installation of the Dangjin Clean Hydrogen Package” project commissioned by Korea Gas Technology Corporation. The bid amount for the project was 9.8 billion won, excluding value-added tax, equivalent to 34.9% of last year's revenue.

Airrane aims to increase the share of revenue from eco-friendly energy sectors such as biogas and CCUS, building on its existing gas-separation membrane business for nitrogen generation. By leveraging its proprietary membrane technology, the company plans to expand its business beyond carbon capture to include purification and liquefaction, strengthening its medium- to long-term growth drivers.

Ha Seongyong, CEO of Airrane, said, "Through this IR briefing, we plan to provide institutional investors with a transparent explanation of the growth of Airrane's core business, the expansion of its production capacity, and progress on new businesses such as biogas and CCUS."

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