HANCOM LIFECARE announced on the 18th that it will participate in the international defense exhibition 'IDEX 2025' held in the United Arab Emirates (UAE), aiming to target the global defense market.
IDEX 2025 is the largest defense exhibition in the Middle East and Africa, serving as a business platform where defense industry officials from around the world gather. The exhibition will take place at the Abu Dhabi National Exhibition Centre in the UAE, with over 1,350 companies from 65 countries participating and more than 130,000 defense officials expected to attend.
HANCOM LIFECARE will participate in the exhibition in cooperation with the UAE defense corporation EDGE Group. The EDGE Group is a company formed by integrating state-owned and private defense companies in the UAE, and operates in various fields, including unmanned systems, cyber defense, electronic warfare technology, and robotics. In 2024, it recorded an annual revenue of $4.9 billion (7.746 trillion won).
At this exhibition, HANCOM LIFECARE will showcase ▲K3 ▲K10 ▲K11 military and police gas masks ▲SCA123SC general gas masks ▲SCA123ND combined chemical protection and fire evacuation masks. The K3 and K10 will be promoted primarily for the UAE military, while the K11 gas mask will be introduced focusing on police and law enforcement agencies. Additionally, the general gas masks and combined chemical protection fire evacuation masks are planned to be advertised to government agencies.
HANCOM LIFECARE aims to formalize its collaboration with the EDGE Group at this exhibition and leverage it as an opportunity to strengthen its presence in the UAE and Middle East markets. As defense industry investments in the Middle East have recently increased, it plans to use this as a strategic stepping stone to become a global defense corporation.
HANCOM LIFECARE is achieving tangible results in expanding its global market. Recently, it signed a memorandum of understanding with Beretta and entered into an exclusive supply contract for K3 and K11 gas masks with a U.S. personal protective equipment company. It is also expanding its overseas market by signing a supply contract for military uniforms worth 10 billion won with the Philippine Army.
The preliminary consolidated results for 2024 show revenue of 104.7 billion won and an operating profit of 7.5 billion won, with revenue slightly decreasing compared to the previous year, but operating profit increasing by more than 300%.
Kim Sun-young, CEO of HANCOM LIFECARE, noted, 'Cooperation with the EDGE Group will provide an opportunity to effectively access the UAE defense and security markets,' adding, 'Through this exhibition, we will highlight HANCOM LIFECARE's technological capabilities and push for expansion in the Middle Eastern market.'