MICUBE Solution(373170) hit the upper price limit (the top end of the daily price cap) early on the 2nd. Investor sentiment appeared to surge after news that it had been selected for two state-backed projects.
As of 9:52 a.m. on the day, MICUBE Solution shares on the KOSDAQ market hit the upper price limit, rising 30.00% (510 won) from the previous trading day to 2,210 won.
MICUBE Solution said that morning it had been selected for two state-backed projects. The company said, "We were selected as a joint research and development institution for the collaborative intelligence physical artificial intelligence (AI)-based software (SW) platform research and development ecosystem creation project overseen by the Ministry of Science and ICT and the National IT Industry Promotion Agency (NIPA)."
The projects to be carried out are: ▲ development of collaborative intelligence physical AI and digital twin virtual environment technologies ▲ standardization of collaborative intelligence physical AI software and establishment of a modular SDF-OCS design.
The total project budget for the two state-backed projects is about 111.5 billion won, of which the government-supported research and development funds allocated to MICUBE Solution amount to 6.1 billion won.