[Featured Stock] Ivy Vision Works Surges on SPAC Merger Listing... Machine Vision-Based Secondary Battery Inspection

I-Vision Works, which entered the KOSDAQ market through a merger with Hana Financial 24 SPAC, is showing strength compared to the reference price.

At 9:22 AM on the 3rd, I-Vision Works was trading at 4,250 KRW, up 29.57% from the reference price.

Founded in 2015, I-Vision Works specializes in designing and manufacturing vision inspection systems tailored for secondary battery manufacturing processes. The company has independently developed and applied machine vision algorithms that automatically detect and analyze external defects of products through video and images. It provides customized total solutions in the form of inspection equipment and linked software optimized for each customer's manufacturing environment.

With top-tier domestic and international battery manufacturers as clients, I-Vision Works is expanding its customer base based on strong references. Last year, it recorded sales of 23.24169 billion KRW and an operating profit of 2.77109 billion KRW. The sales growth rate over the past four years reached 44.5%, and the average operating profit margin over the past three years was 14.5%.

Gi-jae Gil, CEO of I-Vision Works, said, "As concerns about battery fires have recently emerged as a global issue, the importance of battery inspection equipment is becoming more prominent. We will further advance our machine vision-based secondary battery inspection systems to contribute to global battery safety."

He added, "Based on the funds raised through the KOSDAQ listing, we will focus on research and development (R&D) activities to expand the secondary battery inspection system business. We plan to challenge the 3D non-destructive inspection system market using X-ray and Optical Coherence Tomography (OCT) to cover both internal and external defects of batteries, and furthermore, expand the application fields of inspection systems to semiconductors, displays, and more."