InnoVex, Enters Secondary Battery Market

[Asia Economy Reporter Park So-yeon] InnoVex held a board meeting on the 30th of last month and resolved to review and approve the business transfer of Yuyangbi's secondary battery charge-discharge inspection equipment business, according to a disclosure on the 5th. The business transfer target for the secondary battery charge-discharge inspection equipment business includes human and physical assets for the development and production of secondary battery charge-discharge inspection equipment.

Yuyangbi, which had taken over the LED solution business and the secondary battery charge-discharge inspection equipment business from Yuyang D&U, signed a business transfer contract with InnoVex for the secondary battery charge-discharge inspection equipment business. Yuyang D&U has been developing secondary battery test equipment since 2018 and has completed the development of inspection equipment, having already received product performance verification from major secondary battery and supercapacitor manufacturers. However, it is known that the secondary battery charge-discharge inspection equipment business was transferred during a business restructuring process.

InnoVex, based on its core businesses of tunnel advertising systems (TAS) and similar hologram display businesses (WINGTV, SPINTV), is expanding its display business while entering the secondary battery market to secure new growth engines. By applying various software technologies developed through the construction and operation of tunnel advertising systems (TAS) in global subways to the secondary battery charge-discharge inspection equipment, InnoVex plans to significantly enhance the ease of remote operation, diagnosis, and after-sales management of the equipment, thereby increasing market competitiveness.

An industry insider said, "Based on the developed technology of the secondary battery charge-discharge inspection equipment, the company has secured the technical potential to sufficiently enter the formation equipment used in the activation process and the rapid charger market, raising expectations for the company's future business direction."

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