Newen AI Spearheads July KOSDAQ Listing with Conversational AI

Generative AI-based big data analytics specialist company NuE&AI successfully concluded its corporate briefing ahead of its KOSDAQ listing, presenting a dazzling future vision. NuE&AI, which has led AI technological innovation since 2004, is spearheading the customized AI analysis solution market with its conversational language-specialized AI model 'Quetta' as its core driving force. It supports corporate decision-making with diversified service models such as 'Quetta Enterprise', 'Quetta Service', and 'Quetta Data'. Overwhelming data competitiveness is NuE&AI's unique strength. Securing approximately 200 billion data points, the highest in Korea, it boasts a scale more than 7 times greater than its competitors. With over 900 industry-specific AI analysis models and a data collection accuracy rate reaching 99.9%, it precisely analyzes over 22 million real-time data points daily. Based on this, it has successfully carried out over 550 projects, including those for the top 10 domestic conglomerates, contributing to business performance creation across various industry sectors. Financial stability is also robust. It has recorded an average annual sales growth rate of 20.5% over the past five years and 14 consecutive years of operating profit surplus. With over 90% of its total sales originating from the private sector, an average contract period of 10 years, and a long-term customer ratio reaching 73%, these figures clearly demonstrate NuE&AI's market competitiveness and stable revenue base. The public offering funds secured through this KOSDAQ listing will serve as a crucial driving force for new product R&D investment and overseas market expansion. NuE&AI plans to introduce industry-specific SaaS services such as for beauty and e-commerce, and through multilingual analysis services utilizing the K-content craze, it plans to accelerate its global market expansion into 150 countries and 30 language regions. CEO Bae Sung-hwan expressed his ambition, stating, "We will solidify our position as a global AI technology partner." NuE&AI will offer a total of 2.22 million shares in its public offering, with a desired offering price between 13,000 KRW and 15,000 KRW, making the estimated offering amount between 28.9 billion KRW and 33.3 billion KRW. Following demand forecasting and subscriptions in June, it aims for a KOSDAQ listing in early July. The lead underwriter for the listing is NH Investment & Securities.