[Click eStock] "Inometry, Recovering Orders... Full-Scale Growth Next Year"

[Asia Economy Reporter Yoo Hyun-seok] Eugene Investment & Securities analyzed on the 23rd that Inometry is experiencing a recovery in domestic and international orders, and significant growth is expected next year. No investment opinion or target price was provided.

Inometry developed an X-ray battery inspection device in 2009. In 2012, NextEye became the largest shareholder, and on December 12, 2018, it was listed on the KOSDAQ market.

Eugene Investment & Securities expects Inometry's growth to emerge next year with the resumption of secondary battery investments for automobiles. Researcher Park Jong-sun of Eugene Investment & Securities said, "This year, due to the impact of COVID-19, sales are expected to decline by 28.4% compared to the previous year, resulting in poor performance. However, in 2021, with the expansion of investments by domestic and international secondary battery companies, we anticipate substantial performance growth." He added, "This is because, following COVID-19, the expansion of eco-friendly policies in major global countries is expected to continuously increase investments in electric vehicles and hydrogen fuel cell vehicles."

He emphasized, "Inometry's X-ray inspection equipment has the advantage of being applicable regardless of battery type (prismatic, cylindrical, pouch), enabling supply to all battery manufacturers. Two supply contracts have already been disclosed, indicating ongoing investments by major customers, and full-scale orders are expected to continue in the first quarter of next year."

Along with this, the realization of sales from new equipment, the stack manufacturing equipment, is also expected to be reflected in performance. He explained, "To secure additional growth drivers, projects related to secondary battery stack manufacturing equipment are progressing positively, and sales are expected to become visible. Inometry's stack manufacturing equipment has the advantage of being approximately 30% faster in production speed compared to existing companies."