[Click eStock] "Twim, 2023 Turnaround Begins... Expected Orders from IRA"

[Asia Economy Reporter Jang Hyowon] KB Securities analyzed on the 28th that Twim is expected to benefit from the U.S. Inflation Reduction Act (IRA) and experience a turnaround next year.

Twim is an artificial intelligence inspection equipment company established in 2010. It possesses AI deep learning inspection devices that have been AI-automated from equipment manufacturing to automated logistics, the AI inspection engine MOAI, rule-based hybrid vision systems, and AI smart factory solutions that propose vision standardization.

Currently, it has clients in various industries including display, secondary batteries, automobiles, mobile, tires, F&B, and bio. It recorded cumulative sales of 11.7 billion KRW and an operating loss of 5.8 billion KRW in the third quarter of this year. The poor performance was due to one-time costs reflecting inventory asset valuation losses related to diagnostic kit manufacturers and bad debt write-offs.

Researcher Kim Hyunkyum of KB Securities stated, “Twim has competitiveness based on superior inspection performance through image acquisition technology for optimal inspection performance and its own inspection software applied with AI,” and added, “Through this, it is securing references and expanding its client base across various industries.”

Researcher Kim also explained, “After the passage of the IRA, Twim completed the establishment of a corporation in Georgia, USA, and is increasing its order response capability by contacting secondary battery, automobile, and energy companies expected to expand investments,” and “It is expecting orders for related inspection equipment as a partner company of a first-tier vendor supplying equipment to the secondary battery assembly process (tab welding, packaging) and module automation line for Company B, which is currently bidding.”

Furthermore, he added, “The currently estimated market size of the new business, AI 3D inspection equipment for tire interior and exterior, is expected to exceed 1 trillion KRW, and it is undergoing testing processes with major clients scheduled to be completed by the end of 2023,” and “The smart grid power efficiency business and replacement equipment demand related to the large-scale investment by SDC in Vietnam in 2017 are also key points.”

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