[Asia Economy Reporter Park Hyungsoo] Camsys is showing strong performance. The news that it has developed an ultrasonic technology-based electric vehicle battery diagnostic kit appears to be influencing its stock price. It is expected to be an effective means of enhancing battery safety.
At 10:20 a.m. on the 12th, Camsys was trading at 2,350 won, up 15.2% from the previous day.
Camsys announced that through its FM (Future Matrix) division, it has completed the in-house development of an ultrasonic technology-based electric vehicle battery diagnostic kit and is conducting tests for commercialization with domestic and international battery companies.
The ultrasonic diagnostic kit can accurately detect physical state changes inside the battery. Since ultrasonic diagnosis analyzes data through vibration signals, it is more accurate than the existing method of checking calculated values via external terminals. Through accumulated data, issues such as battery lifespan and defects can be identified in advance, which is expected to greatly contribute to strengthening battery safety.
Camsys has filed two patents for the technology used in the diagnostic kit to secure technological protection and reliability. The company explained that if the technology advances to the level where the battery diagnostic kit can be easily installed and checked in completed vehicles, collaboration with not only electric vehicle battery companies but also various electric vehicle companies, including its electric vehicle subsidiary Sebo Mobility, will be fully possible.
Park Youngtae, CEO of Camsys, said, "The development of the diagnostic kit is significant in that it newly applied the ultrasonic core technology we possess to the battery field, which is a key area of the 4th Industrial Revolution."
He added, "Recently, we supplied prototype diagnostic kits to leading domestic battery specialized companies. The successful development of the battery diagnostic kit will be an important growth foothold in diversifying our business portfolio, which operates in camera modules and ultra-compact electric vehicles."
According to the market research firm Market Study Report, demand for manufacturing equipment and measuring devices to improve the performance and safety of secondary batteries has been increasing in recent years. The global market size is expected to grow at an average annual rate of 13.3%, from $5.0108 billion in 2019 to $7.179 billion (approximately 10.28 trillion won) in 2025.
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