[Asia Economy Reporter Hyunseok Yoo] Ray announced on the 3rd that it has been selected as the 1st Innovative Medical Device Company by the Korea Health Industry Development Institute.
The companies selected this time include a total of 30 leading domestic medical device companies, including Ray. According to the company, Ray is the only company producing digital diagnostic systems and treatment solutions for dentistry to be selected. A company official said, "Through this selection as an innovative medical device company by the Korea Health Industry Development Institute, we can further promote Ray's innovation externally."
Selected as an innovative medical device company, Ray will be able to receive preferential treatment in government support projects and linkage with medical institution infrastructure starting this month. To survive in the competitive dental industry, Ray Co., Ltd., which possesses excellent personnel and actively conducts continuous research and development activities, will be able to accelerate the development of more innovative products with government support.
CEO Sangcheol Lee said, "Ray Co., Ltd., leading the global dental industry, is expected to gain more momentum in research and development and new product launches under the full support of the government as it has been selected as an innovative medical device company by the Korea Health Industry Development Institute." He added, "The government's full policy support and research funding will greatly help our company grow in the global market." He also expressed gratitude to the government agency for selecting them as an innovative medical device company.
Founded in 2004 as a specialized company for dental diagnostic equipment, Ray Co., Ltd. is currently a leading company in digital dental treatment solutions. It is the only domestic dental medical device manufacturer with a full product lineup from diagnosis to treatment. It is also an export-driven small and medium-sized enterprise with 95% of its sales revenue generated from overseas sales.
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