KOSDAQ-listed Sensorview rose sharply early on the 20th. Buying appears to be flocking on news that the company won a project to develop a low Earth orbit satellite communications system overseen by the Electronics and Telecommunications Research Institute (ETRI).
As of 9:44 a.m., Sensorview was trading at 3,270 won, up 340 won (11.60%) from the previous session. It climbed to 3,620 won intraday, setting a new 1-year high.
Sensorview, a company specializing in high-frequency radio frequency (RF) and interconnects, said on the previous day that it won a contract for a receive multi-beam antenna subsystem for a low Earth orbit satellite communications payload in the project titled "3GPP 6G standard-based low Earth orbit satellite communications system development," which is overseen in its entirety by ETRI.
In the project, ETRI leads development of the communications payload and ground station systems, while private companies participate in development of the satellite bus, system integration, and user terminals. It is a large, state-led project.
On news of the contract award, Sensorview's stock price jumped 28.79% the previous day to finish the transaction. The stock is strong again today, marking a two-transaction-day winning streak.
A Sensorview official said, "The technology validated through this project is a dual-use core technology applicable to both civilian and military sectors," and added, "We will continue to expand our business scope into defense and space."