PIE, Order Backlog at 65 Billion KRW... "Expected Benefit from Expanded Investment in Secondary Battery Equipment"

PIE (CEO Choi Jung-il) is actively communicating with investors by presenting the global secondary battery market outlook and the company's growth strategy ahead of its KOSDAQ listing. PIE expects the merger with Hana Financial 25th SPAC to proceed smoothly through proactive IR activities and engagement with investors.

A PIE representative stated, "Concerns about the secondary battery market downturn stem from a temporary slowdown in the electric vehicle market growth rate, and the impact is expected to be limited, which resonates with investors." He added, "Leading domestic battery cell makers are continuing CAPEX investments as planned according to their mid- to long-term strategic directions, so PIE's growth trend will continue." He also emphasized, "Compared to other secondary battery equipment companies, PIE actively highlights its differentiated competitiveness as a 'software-based solution provider.'"

Based on an order backlog of 65 billion KRW as of the end of last year on a separate basis, PIE is strengthening domestic and international sales by leveraging the expansion of investments in the upstream industry as an opportunity. In particular, having completed the development of inspection technology for new form factors such as 46-pi cylindrical and LFP (Lithium Iron Phosphate) batteries, PIE expects to benefit from increased investments by battery cell manufacturers in new form factors. Additionally, PIE plans to use the advancement of AI vision inspection technology combined with data-driven smart factory new businesses as an opportunity for global expansion.

This year, with the recognition of sales from the order backlog underway and large-scale new orders within sight, PIE internally expects significant growth compared to 2023. This is because global battery cell companies are increasingly adopting PIE's inspection solutions, a domestic advanced industry vision inspection specialist, from the early stages of facility investment to improve production yield and stabilize manufacturing lines.

Choi Jung-il, CEO of PIE, emphasized, "As the merger with the 'Mega SPAC' is attracting attention, we are communicating with investors through responsible IR activities." He added, "Besides appealing the corporate value according to the growth strategy, another strength of PIE is having a stable public offering structure immediately after listing."