Xenon Files Securities Registration Statement, Accelerates Kosdaq IPO Process

Xenon announced on the 8th that it had submitted a securities registration statement to the Financial Services Commission and launched the process for its Kosdaq initial public offering.

As part of preparing for the listing, Xenon filed the securities registration statement and began the offering process.

Earlier, Xenon received approval for a preliminary review for Kosdaq listing from the Korea Exchange last month.

Based on this, Xenon plans to enter Kosdaq through a standard listing, rather than a technology-special listing, and it intends to expand investment in AI infrastructure and core technologies following the Kosdaq listing. The goal is to strengthen the growth foundation of its enterprise AI transformation (AX) business.

Through the listing, Xenon will offer a total of 2.2 million shares. The indicative offering price is KRW 9,700 to KRW 12,200 per share, and the total offering amount is estimated at about KRW 21.34 billion to KRW 26.84 billion. The book-building process for institutional investors is set for Oct. 26 to 30, and retail subscriptions are scheduled for Nov. 4 to 5. Samsung Securities is the lead underwriter.

Xenon plans to use the proceeds from the offering primarily to strengthen its AI infrastructure and core technology competitiveness. To that end, it plans to invest in expanding AI computing infrastructure, including GPUs, and the purpose of the infrastructure investment is to enhance model training and service operations capabilities and lay the groundwork for a stable response to growing customer demand.

Xenon also plans to allocate funds to advancing its enterprise AX platform Xenos, OneAgent, and physical AI. The purpose of advancing its existing products and technologies is to strengthen product competitiveness, and through the use of the offering proceeds, it plans to accelerate the commercialization of new businesses, secure outstanding technical talent, and expand its global business to reinforce its mid- to long-term growth foundation.

Intellivics said on the 8th that it had been selected as the lead organization for the Defense Acquisition Program Administration's 'Defense Innovation Company R&D Project' and had begun developing a next-generation defense AI video surveillance platform. The project will be carried out with a total research budget of KRW 6.2 billion.

The project will be pursued through industry-academia cooperation with Ulsan National Institute of Science and Technology (UNIST) and Sungkyunkwan University. The overall research and development period runs from September 2026 to August 2029.

The goal of the project is to respond to adverse visibility conditions such as snow, rain, fog, and nighttime. It also aims to build an intelligent security system that can precisely detect objects at a distance of 500 m and analyze signs of danger.

To this end, Intellivics will combine near-infrared-based optical sensing with vision AI and visual language models (VLM). The implementation method involves first-stage detection at the edge and second-stage verification at the server, with the goal of minimizing false detections in a two-stage process.

It will also incorporate complex event processing (CEP) technology. Through this, it will automatically generate natural-language reports on detected anomalies and provide them to operators.

The company plans to complete development of core technologies and prototypes by 2028. Then in 2029, it will conduct field proof-of-concept (PoC) and military performance evaluations, and will push ahead with actual deployment to front-line GOPs and coastal posts.

Going forward, the company plans to seek exports to border and coastal surveillance markets in the United States and Europe based on its verification track record. It also plans to expand applications to the sensor field of manned-unmanned teaming (MUM-T) systems and to civilian mobility safety areas such as autonomous vehicles and ships.

Intellivics is pursuing a Kosdaq listing based on its technological competitiveness. The company plans to conduct a book-building process for institutional investors from the 12th to the 16th, and it will finalize the offering price after the book building.

NewnAI has joined the Kolon Benit AI Alliance. Through this, NewnAI plans to expand business opportunities in AX across industries.

NewnAI plans to link its ontology-based AI analysis technology with Kolon Benit's customer and partner network to pursue joint projects centered on industrial sites, including manufacturing. The photo shows NewnAI Executive Director Lee Seung-han and Kolon Benit Team Leader Kang Jae-hoon posing for a commemorative photo after signing the business agreement.

NewnAI announced on the 8th that it had signed a strategic memorandum of understanding (MOU) with Kolon Benit for the 'Kolon Benit AI Alliance.' Kolon Benit is the operating entity of the 'Kolon Benit AI Alliance,' and with this agreement, NewnAI has become an official participating company in the AI alliance.

Based on its AI-specialized technologies and solutions, NewnAI will participate in AX projects centered on industrial sites. It also plans to expand business opportunities by linking with Kolon Benit's customer network in manufacturing, finance, construction, and distribution.

NewnAI plans to identify AI service models that can be applied immediately at industrial sites and unveil the general-purpose AI service 'Queta AI' for all industries. It also plans to unveil 'Queta Enterprise,' a custom AI analysis service tailored to business needs by industry. The two companies plan to pursue joint projects by combining Kolon Benit's customer and partner network with NewnAI's ontology technology capabilities.

Baek Seong-hwan, CEO of NewnAI, said the goal is to combine NewnAI's ontology-based AI analysis technology with Kolon Benit's business capabilities. He explained that the company joined the alliance to identify and expand AX services that can be applied immediately in industrial settings.

Based on this, Baek said the company plans to advance its customized manufacturing AX services. He also said it plans to expand the supply channels for its AI solutions by leveraging Kolon Benit's network of more than 1,000 partners.

Separately, Voithru said on the 8th that it will participate in the 'Asia Contents & Film Market 2026 (ACFM),' held at BEXCO Exhibition Center 2 in Busan. The company said the participation will help expand its global market touchpoints for AI dubbing technology.

At the event, Voithru plans to introduce its global content localization technology centered on its in-house AI dubbing service, 'Polyta.' Voithru was also selected as a final winner of the '2026 InnoAsia Startup Competition.'

'Polyta' applies voice cloning technology that reflects the acting and breathing of the original voice. The service combines expert review and supports dubbing and subtitles in more than 70 languages.

'Polyta' also enables dubbing for videos without scripts. Voithru said it can reduce costs by 60% to 80% compared with traditional voice actor recording methods. The photo was provided by Voithru.

During the event, Voithru will operate an individual booth and screen demo videos of Polyta there. It will also introduce its content localization services, including the video subtitle service 'Zamake' and the content translation service 'Panoplay.'

CEO Lee Sang-heon of Voithru said it is important to ease the burden of content localization for global market expansion, citing language, production costs, and time as key factors. He added that the company plans to directly unveil Polyta's AI dubbing technology to global content industry professionals at this ACFM and will also seek to expand cooperation with producers and distributors.

Source: IT DAILY · Yang Seung-gap
Original: https://www.itdaily.kr/news/articleView.html?idxno=242097

References

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