Successfully Secures New Business Through Strengthened Manufacturing Capabilities… Expected Consolidated Revenue of 50 Billion KRW in 2025

HJWAVE, a specialized company in autonomous driving RF technology, announced that it has expanded its business from antenna components and equipment to the manufacturing of automotive electronic components, leveraging its R&D capabilities.

The company holds certifications such as IATF-16949 and SQ, which validate its capability for mass production of automotive electronic components. Based on these certifications, HJWAVE is entering the safety components manufacturing sector, aiming to establish itself as a leading automotive electronics company.

HJWAVE has reinforced its production capabilities by adding six high-speed Surface-Mount Technology (SMT) lines to its existing assembly lines, achieving a monthly production capacity of 200 million points. This expansion provides a foundation for diversifying into various fields and product categories.

With this infrastructure, the company recorded consolidated sales of KRW 40 billion last year and is targeting KRW 50 billion in revenue this year. Additionally, it plans to drive stable revenue growth and improve profitability based on an order backlog worth KRW 200 billion secured from domestic and international companies.

To support mass production, HJWAVE plans to invest in enhancing its Manufacturing Execution System (MES) and quality inspection equipment. At the same time, it will focus on developing human resources to ensure sustainable growth.

Yoo Tae-hwan, CEO of HJWAVE, stated, "We are not just aiming for revenue growth but are also working on structural improvements to create synergies between manufacturing and R&D. We are also expanding into the defense and telecommunications industries, and we expect to see tangible results from these strategic business expansions soon."

He added, "We aim to wisely navigate any growing pains that may arise during our expansion by maintaining a stable financial structure. Our goal is to become a company that will continue to thrive even 100 years from now, built on technological expertise and trust." He further emphasized, "We want to establish a corporate culture where success is achieved through collaboration and grow into a company that contributes to future value and humanity."

Meanwhile, HJWAVE recently secured KRW 45 billion in Series A funding from Korea Development Bank and other investors. The company has also selected NH Investment & Securities and Kiwoom Securities as underwriters to prepare for an initial public offering (IPO).