DA Technology, Korisen Sign Strategic Business Agreement to Expand Synergy in Secondary Battery Business

DA Technology announced on the 30th that it has signed a strategic business agreement (MOU) with Corisen to expand and strengthen cooperation in the secondary battery sector.

DA Technology and Corisen plan to promote comprehensive collaboration based on their respective secondary battery and finger vein biometric authentication technologies in areas such as AI robots, drones, autonomous vehicles, and permanent magnets. They are currently discussing detailed cooperation scopes and joint business promotion plans, with expectations to sign a formal contract soon.

Founded in 2002, Corisen is the only domestic company possessing a finger vein biometric recognition system that identifies individuals through the unique patterns of veins inside the fingers.

Based on its self-developed next-generation finger vein biometric authentication system, Corisen has entered various industries including financial institutions, defense, AI robots, and autonomous vehicles. As the only company certified by the Korea Internet & Security Agency (KISA) for the overall performance of its finger vein recognition algorithm, it supplies finger vein biometric authentication systems to sectors where security is critical, from defense to finance and public institutions.

Corisen is currently developing 3rd and 4th generation ultra-thin module-type low vein algorithms. Since major companies like LG Electronics are incorporating finger vein authentication for security in the AI robot sector, demand for Corisen’s finger vein biometric authentication system is expected to continuously increase. Additionally, recognized for its outstanding technological capabilities, Corisen signed an IPO lead manager contract with Korea Investment & Securities earlier this year and is preparing for a KOSDAQ technology special listing.

Recently, Corisen has embarked on the commercialization of “non-rare-earth permanent magnets (ferrite),” known as a rare-earth substitute, to secure new growth engines. On the 24th, Corisen signed a license agreement with the Korea Institute of Materials Science for the “development technology of non-rare-earth (Mn-Bi) permanent magnets.” It plans to complete technology transfer and sample production of non-rare-earth research magnets within this year.

A DA Technology official stated, “Having already achieved orders accounting for 99% of last year’s sales in the existing secondary battery equipment business, we are continuously discovering business models that can create synergy with our existing business. DA Technology, which has secured equipment development and production capabilities and networks accumulated over time, and Corisen, which has entered various industries based on its unique technological capabilities, will maximize synergy effects through business cooperation,” he explained.