Njet Aims for KOSDAQ Listing in November... Files Securities Registration Statement

[Asia Economy Reporter Hyungsoo Park] Njet, a precision inkjet printing company, has submitted a securities registration statement to the Financial Services Commission and entered the KOSDAQ listing process.

Founded in 2009, Njet provides Electrohydrodynamic (EHD) inkjet and coating solutions. The scope of solutions includes EHD printing and coating process equipment, modules and nozzles, inks, and systems, covering all necessary equipment, parts, and materials for the process.

Njet cited its proprietary technology as a competitive advantage. It developed iEHD (Induced EHD) technology, which solves the electric field interference problem between nozzles inherent in existing EHD technology. The company excels in mass-producing equipment and parts capable of ultra-fine patterning at the 1 μm (micrometer) scale. It also has ultra-thin coating technology at the nanoscale level.

Process equipment applying EHD technology is expected to play a significant role in display and semiconductor manufacturing processes. The photolithography process in display and semiconductor production consists of six stages, each requiring large-scale equipment investment. By introducing printed electronics processes applying EHD technology to photolithography, the six stages can be compressed into two.

An Njet official explained, "Compressing process stages can improve production efficiency," adding, "It can drastically reduce harmful gases and wastewater generated in existing processes, greatly contributing to the environment."

Byun Doyoung, CEO of Njet, said, "EHD technology will be integrated into various industries in the future, bringing transformative changes to manufacturing processes," and added, "We will become a leading company contributing to global industry and the environment through ultra-precision inkjet printing technology."

Njet plans to offer a total of 2.1 million shares through the listing. The expected price range is 12,000 to 15,200 KRW per share, with a total offering amount of approximately 25.2 billion to 31.9 billion KRW. The demand forecast will be conducted over two days starting from the 27th of next month to finalize the offering price. The listing is scheduled to be completed within November. The lead underwriter is Mirae Asset Securities.