[Click eStock] "WithTech, Nuclear Plant Contaminated Water Monitoring and Toxicity Removal Technology"

ResearchAlum forecasted on the 21st that WithTech's performance will improve based on its technology for removing toxicity and managing radioactive waste from nuclear power plants. Along with a positive stock price outlook, it presented a target price of 21,400 KRW.

WithTech is a company that measures and monitors environmentally harmful substances generated during the manufacturing processes of semiconductors and displays. Its monitoring system products are supplied through order delivery after receiving orders from companies such as Samsung Electronics and SK Hynix.

Researcher Choi Seonghwan from ResearchAlum explained, "Because the products are manufactured according to the customer's requirements from the order stage, the entry barrier is high."

He added, "WithTech is currently engaged in new businesses related to nuclear power plant dismantling," and analyzed, "They plan to develop and commercialize a 'Mobile Nuclear Power Plant Dismantling Waste Radionuclide Analysis Radiochemical Laboratory' for essential radionuclide analysis of radioactive waste generated during nuclear power plant dismantling."

He said, "Through participation in national projects related to nuclear power plant dismantling, they have secured core technology to 'remove toxicity and manage radioactive waste from nuclear power plants,'" and added, "In March, they were officially recognized by the Korea Laboratory Accreditation Scheme (KOLAS) for technology related to 'gamma-ray emitting radionuclide analysis and gamma-ray emission rate measurement of nuclear measurement instruments.'"

WithTech participated in a national project worth 4.7 billion KRW from October 2019 to December 2022 related to the ‘Development of Mobile Nuclear Power Plant Dismantling Radioactive Waste Radionuclide Analysis Equipment.’ In 2021, they obtained a ‘Radioisotope Use Permit’ from the Korea Institute of Nuclear Safety and began full-scale research. Researcher Choi explained that this made it possible to accumulate core technology for removing toxicity and managing radioactive waste from nuclear power plants. He also noted, "It is understood that they contributed to the development of standardization technology in the radioactive radionuclide analysis process."

Researcher Choi emphasized, "Using this technology, it will be possible to monitor the controversial recent release of contaminated water from Japanese nuclear power plants," and added, "Tokyo Electric Power Company began commissioning the marine discharge facility for contaminated water from nuclear power plants on the 12th."

He said, "After about two weeks of the scheduled discharge facility inspection, once the International Atomic Energy Agency (IAEA) final report is released, the contaminated water discharge will begin," and added, "By analyzing seawater around Fukushima, it will be possible to determine whether any radioactive contaminated water has been discharged." Furthermore, he explained, "The EU (European Union) taxonomy is also a positive factor for WithTech’s new business," and said, "The EU has included nuclear power generation in its green energy classification system."