Tweem Submits Securities Registration Statement for KOSDAQ Listing... Artificial Intelligence Inspection Equipment Company

[Asia Economy Reporter Hyungsoo Park] Tweem, a company specializing in artificial intelligence inspection equipment, has submitted a securities registration statement to the Financial Services Commission for listing on the KOSDAQ market.

Tweem announced on the 11th that it will conduct a demand forecast targeting institutional investors from the 2nd to the 3rd of next month to finalize the public offering price. General subscription will be accepted for two days from the 8th to the 9th of next month. The company plans to be listed in November, with Daishin Securities acting as the lead underwriter.

The total number of shares to be offered is 1.22 million, with a proposed public offering price range of 17,800 to 20,400 KRW per share. The expected amount to be raised is approximately 24.9 billion KRW based on the upper limit of the price band. The funds raised will be used to expand research and development facilities and secure personnel.

Founded in January 2010, Tweem is a developer of artificial intelligence inspection equipment. It develops AI inspection software and supplies equipment. Based on technology and know-how accumulated over 10 years, Tweem has secured performance across various industries. 82% of its total workforce consists of research personnel, ensuring a high level of technical responsiveness.

Leveraging AI technology, Tweem utilizes MOAI (Machined vision Optimization based on AI), software optimized for machine vision, to detect defects in product groups that were difficult to inspect using traditional visual inspection or rule-based methods. The company possesses technology capable of detecting defects in products manufactured in diverse fields such as automotive, electrical and electronics, metal, food, and bio industries.

Tweem is increasing the sales proportion of ‘T-MEGA,’ which can overcome the limitations of existing rule-based inspection systems. While diversifying its sales areas by reinvesting profits from existing businesses into new businesses and research and development, the company plans to achieve continuous sales growth.

Jung Hanseop, CEO of Tweem, stated, "We are pursuing a listing on the KOSDAQ market to secure market competitiveness and establish a foothold for overseas market expansion." He added, "We will enhance our technological capabilities by securing outstanding talent and building a stable research and development environment."