Truewin Issues 20 Billion BW... Vertical Integration of Thermal Infrared Cameras

Surge in Demand Due to COVID-19
Securing Price Competitiveness Through Maximized Production Efficiency

[Asia Economy Reporter Lim Jeong-su] Truewin, a sensor-specialized KOSDAQ company, announced on the 8th that it will issue 20 billion KRW worth of bonds with warrants (BW). The maturity of the BW is 5 years, with an interest rate (coupon rate) set at 2.0%. The effective interest rate at maturity is 4.0%.

Truewin plans to invest the raised funds in an infrared (IR) camera fab (factory). They will produce parts used in infrared thermal imaging sensors and camera modules in-house. By achieving vertical integration, they aim to shorten the production period of existing products by up to one month and enhance price competitiveness through cost reduction, thereby increasing market share.

A Truewin representative stated, "Due to the COVID-19 pandemic, demand for infrared thermal imaging cameras is increasing," and added, "We will improve product productivity through vertical integration."

According to market research firm IHS Markit, the thermal imaging camera market is expected to grow from approximately 370 million USD in 2017 to about 550 million USD this year. With an average annual growth rate exceeding 14%, the market growth rate is expected to accelerate further due to COVID-19.

Meanwhile, Truewin has established multiple product lines including 80*60 resolution infrared thermal imaging sensors, infrared thermal imaging modules, and thermal imaging cameras. Recently, they secured distribution channels for their own brand thermal imaging camera product ‘Thermo_B (Thermobi)’, which received KC domestic certification, and are beginning full-scale supply.

This content was produced with the assistance of AI translation services.