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NEWS&EVENT
SEA Mechanics Secures Order Backlog 10x Its Market Cap... CEO Lee Seong-wook Considers Defense Industry Acquisition Next

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schedule2026.04.27

In a recent interview with Etoday, SEA Mechanics CEO Lee Sung-wook announced an ambitious target of reaching KRW 300–400 billion in revenue within the next four years, driven by a three-pillar diversification strategy centered on ESS, automotive display modules, and robotics components.

The Company recently began its first shipment of grid-scale ESS components to LG Energy Solution for the North American market, marking the start of a mega-project worth approximately KRW 190 billion through 2028, with plans to further expand ESS component supply into Europe.

As of Q1, the Company's order backlog reached a record high of KRW 727.6 billion—covering secondary batteries, ESS, pop-up displays, and EV components—exceeding its market capitalization by more than tenfold and drawing significant attention from the investment community.

The Company's next-generation display electronics modules are assembly-type (ASSY) components integrating aluminum frames with built-in motors, currently being prepared for supply to global automakers, while its robotics modules are also approaching full market entry after completing certification tests with global robotics companies.

CEO Lee stated, "The EV chasm may signal industry restructuring, but it is not the end. Even amid uncertainty, we will seize new opportunities and focus on 'future-oriented manufacturing' to drive sustainable growth."