Yuil Enertech Submits Securities Registration Statement... Begins KOSDAQ Listing Process

[Asia Economy Reporter Koo Eun-mo] Yuil Energy Tech is set to list on the KOSDAQ market.

Yuil Energy Tech, a leading company in secondary battery notching and stacking machines, announced on the 24th that it has submitted a securities registration statement to the Financial Services Commission and has begun the KOSDAQ listing process. The number of shares to be offered is 2.41 million, with an expected offering price of 11,000 to 14,000 KRW per share, totaling approximately 26.6 billion to 38.8 billion KRW. After conducting a two-day demand forecast for domestic and foreign institutional investors on the 21st and 22nd of next month, followed by a general subscription, the company plans to enter the KOSDAQ market in February next year. Shin Young Securities is acting as the lead manager.

Founded in 2012, Yuil Energy Tech produces specialized equipment applied in the assembly process, a core process of secondary batteries, and supplies to global major battery manufacturers both domestically and internationally. Its main products are equipment related to electrode cutting (Notching; hereafter, Notching) and stacking (Stacking; hereafter, Stacking), and the company holds technology patents in these fields.

With the KOSDAQ listing as a milestone, Yuil Energy Tech aims to leap forward as a global leader in eco-friendly energy equipment by ▶expanding the application areas of its core business, the notching machine ▶advancing and increasing the market share of wide-type stacking machines ▶expanding market dominance through the integration of notching and stacking machines into an inline system ▶and actively developing the hydrogen fuel cell equipment business with high future growth potential. In particular, the hydrogen fuel cell business is expected to accelerate commercialization through collaboration with customers, as it already has equipment delivery references since 2018.

Since its establishment in 2012, Yuil Energy Tech laid the foundation for market leadership by developing a 100 PPM high-speed notching machine that significantly improved process speed compared to competitors in its first year, commercializing the industry's fastest 240 PPM notching machine in 2017, and successfully mass-producing a high-speed long-type notching machine optimized for high-capacity batteries. Furthermore, the recently developed 260 PPM ultra-high-speed wide-type new product has been under order negotiations immediately after its launch, strengthening its competitiveness for next-generation innovative products.

Recently, as notching technology that can increase the density of high-performance batteries with high output based on secondary battery safety has rapidly emerged, Yuil Energy Tech, which has proven the technological completeness and mass production capability of stacking-type notching and stacking machines, continues to receive love calls from domestic and international battery cell manufacturers.

Product diversification and customer expansion through technological advancement have translated into business performance, with an average annual sales growth rate of 78% over the past three years (2017?2019). Sales, which were around 17.4 billion KRW in 2018, increased significantly to 46.9 billion KRW last year, and this year, the first half sales alone recorded 41.5 billion KRW, continuing the trend of achieving record-high sales.

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