Latest news with #Innometry
Korea Herald
5 days ago
- Business
- Korea Herald
Innometry swings to profit in Q2
Innometry, a Korean maker of X-ray inspection solutions, said Thursday its operating profit and net income returned to profitability in the second quarter, driven by new projects and cost-cutting measures. Operating profit reached 1 billion won ($723,000) and net income 600 million won, reversing losses from the first quarter. Revenue rose 22 percent from the previous quarter to 10.6 billion won. The company stated that while it remained in the red for the first half of the year, it has now fully recovered from a temporary stagnation in electric vehicle demand and the fallout from Swedish EV battery-maker Northvolt's bankruptcy, with the second quarter showing great improvement in performance. 'The cost-saving efforts we've pursued since last year, including management innovation and process optimization, have now yielded visible results,' said Hwang Jin-chul, executive vice president and head of the management support division at Innometry. 'We expect even stronger momentum in the second half, with increased orders from major domestic clients and new customers in China, as well as gains from new business initiatives.' Innometry develops non-destructive inspection equipment that uses X-ray CT technology to detect internal defects in secondary batteries without damaging the product. The company supplies inspection systems to mass production lines of Korea's top three battery-makers and other global cell manufacturers. 'The secondary battery industry is undergoing a restructure, but Innometry is strengthening its market position through strict quality, cost and delivery management,' said Lee Gap-soo, CEO of Innometry. He added that Innometry expects stronger results in the second half of the year, boosted by new Chinese orders and expansion into Through Glass Via substrates, smartphones and defense.
Korea Herald
10-07-2025
- Automotive
- Korea Herald
Innometry unveils X-ray defense tech at Korea defense fair
Innometry, a South Korean firm specializing in X-ray inspections for EV batteries, said Thursday that it has showcased its nondestructive inspection technologies at the 2025 Korea Defense Component & Equipment Fair, taking place from Wednesday to Friday at Changwon Exhibition and Convention Center. The exhibition highlights Korea's defense components and its cutting-edge technologies, displaying key parts, materials and equipment essential for weapons systems and future battlefield environments. At its booth, Innometry presented its X-ray inspection systems, along with detectors and artillery samples. The company also revealed high-precision computed tomography scan images of bullets and casings, including defect images of various calibers and detailed scans of 7.62-millimeter ammunition. Innometry's X-ray technology can detect internal defects in secondary batteries without destruction, preventing fires from electric vehicles. Its technology also enables precise inspections of battery packs, firearms, ammunition and explosive devices in the defense sector, enhancing safety by detecting cracks, weld defects or foreign substances. It can be used to inspect military vehicle components and electronic circuits. 'We are actively engaging with more than 100 companies at the exhibition to explore future business opportunities,' said Innometry CEO Lee Gap-soo. 'We anticipate a recovery in battery orders from key domestic clients, with earnings expected to improve starting in the second quarter. We also see steady progress across new sectors such as defense, semiconductors and electronics.'
Korea Herald
29-05-2025
- Automotive
- Korea Herald
Innometry to showcase X-ray inspection tech for EV batteries in Germany
Innometry said Thursday it was poised to present its noninvasive X-ray inspection solutions for electric vehicle batteries at next week's The Battery Show Europe 2025 in Germany. At the event, Europe's largest battery expo, the South Korean company will set up a booth to showcase its X-ray equipment, which can precisely analyze the internal structure of rechargeable batteries to identify defects, helping to reduce EV fires. Innometry underscored its technological prowess to offer optimized X-ray equipment tailored to each client by leveraging its artificial intelligence-based software platforms. 'We will display mock-up equipment to help visitors easily understand the battery inspection process,' stated an Innometry official. 'We will present our world-leading non-destructive inspection technology, including 46 series cylindrical batteries (46 millimeters in diameter), lithium iron phosphate and solid-state batteries, as well as our flagship equipment assessing prismatic batteries.' Having supplied equipment to Sweden's Northvolt, Innometry has gained recognition in Europe and has scheduled meetings with various companies, including local cell manufacturers and next-generation battery firms. It is also actively engaging with energy storage systems and battery recycling companies that it met with at the InterBattery expo, which was held from March 5-7. Furthermore, Innometry is venturing into semiconductors and electronics, focusing particularly on non-invasive inspection equipment for glass substrates (TGV) – used for glass substrates and optical fibers in AI data centers. 'Through this exhibition, we aim to actively communicate with potential customers in Europe and the US to create business opportunities,' stated Innometry CEO Lee Gap-soo. 'We expect a turnaround this year as major domestic clients resume orders for our inspection equipment for strategic products like the 46 series, LFP and ESS in the second quarter.' Meanwhile, The Battery Show Europe 2025 is set to take place from June 3 to 5 at Messe Stuttgart, featuring 1,154 participating companies and attracting over 10,000 visitors annually.
Korea Herald
03-03-2025
- Automotive
- Korea Herald
Innometry to showcase noninvasive X-ray inspection tech for EV batteries
Innometry said Monday it will present its noninvasive X-ray inspection solutions for electric vehicle batteries at this week's InterBattery expo in Seoul. The company will showcase its X-ray and 3D CT technology used to analyze the internal structure of the car batteries to identify manufacturing defects and help prevent EV fires. Specifically, the equipment is designed to monitor whether the internal electrodes in batteries of various form factors ― such as prismatic, pouch and cylindrical ― are well-aligned. Additionally, the company will display its inspection device for detecting internal contaminants within batteries and high-speed stacking equipment for assembling separators and anode and cathode plates. For the exhibition, Innometry has prepared scaled-down mockup equipment, reduced to one-seventh of the actual size, to demonstrate how quickly and precisely it can inspect the battery's interior cells. 'Our inspection solutions are capable of 'inline examination' for all existing battery types, including the 46 series cylindrical batteries and next-generation all-solid-state batteries,' stated an official from Innometry. 'This has led to numerous business inquiries from global battery manufacturers in countries such as Korea, China and the US.' Inline battery examination refers to an efficient testing process for each battery cell at the end of the production stage. Innometry CEO Lee Gap-soo noted, 'Our precision optical technology and artificial intelligence-powered software platform allows us to promptly address any battery of our client's strategic choice to tackle the slowdown (in electric vehicle demand). We will have senior decision-makers, including the heads of our US and Chinese branches, present at the exhibition to actively engage with potential clients and strive for meaningful outcomes.'
