[Edaily Reporter Kwon Oh Seok ] Shares of NUVOTEC Co., Ltd(060260), a company specializing in eco-friendly water and sewage infrastructure, are showing strength in early trading. It appears that buying interest is surging in water and sewage-related stocks due to the monsoon season. According to MP Doctor on the 20th, as of 9:27 a.m., NUVOTEC Co., Ltd is trading at 1,463 won, up 5.40% from the previous trading day. NUVOTEC Co., Ltd operates eco-friendly environmental infrastructure businesses, including the manufacture of water and sewage pipes, trenchless pipe rehabilitation, stormwater retention, and urban flooding prevention, and is currently expanding its next-generation pipeline management solutions integrated with AI (artificial intelligence)-based smart maintenance technology. Earlier this month, the company also signed a “Memorandum of Understanding (MOU)” with Mofing-i, a company specializing in AI-based spatial information and digital twins, to develop and commercialize AI and digital twin-based technologies for diagnosing and rehabilitating aging pipelines. Through this agreement, the two companies plan to: △ advance AI-based technologies for diagnosing and assessing the condition of aging pipelines; △ jointly participate in government research and development (R&D) and local government demonstration projects; and △ jointly enter domestic and international smart pipeline management markets.
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