KOSEN Signs MOU and Conducts Due Diligence for Equity Investment in AI Dental Specialist Clear Technology

Kosen is pursuing business diversification through equity investment in an AI (artificial intelligence)-based dental specialized company.

Kosen (CEO Kim Kwang-su) announced on the 30th that it has signed an MOU (Memorandum of Understanding) related to equity investment with Clear Technology (CEO Noh Won-gi) and is conducting detailed due diligence.

According to the company, it will first acquire an initial 20% stake and plans to secure up to 51% additionally depending on the situation.

Clear Technology (hereinafter ClearTech) was founded in 2017 by CEO Noh Won-gi, a practicing dentist who served as a clinical instructor at Yonsei University College of Dentistry. It is a specialized company in AI-based crown design programs (CROWN CAD) and is actively promoting the digital transformation of the dental technician industry.

The core process of traditional dental prosthesis production, crown design and manufacturing, was manually performed by dental technicians using CAD programs. In contrast, ClearTech’s AI crown CAD technology aims for standardization and automation based on patient data composed of tooth scan data and crown design data.

Additionally, the final design is open and modifiable, enabling more accurate patient-customized crown manufacturing. The time required to complete a tooth is only about one minute. As a result, it is expected to eliminate the inconvenience of patients visiting multiple times and enable one-day (ONE-DAY) treatment. ClearTech’s technology was featured and gained attention on KBS1TV’s “Secrets of Life, Aging, and Death: Cutting-Edge Medical AI” broadcast at 10 PM on the 17th.

Based on its excellent technological capabilities, ClearTech has successfully attracted investments from multiple institutions including the Korea Technology Finance Corporation, Pre-Series (Pre-A) funding, Korea Credit Guarantee Fund, and the Ministry of SMEs and Startups’ R&D selection. Subsequently, it was selected for the government startup support project “N-Up Program” in collaboration with the US global company NVIDIA, proving its global competitiveness.

Currently, ClearTech is organically collaborating with dentists, dental technicians, and developers throughout the entire process of planning, development, and clinical application, aiming for commercialization within the year. Actual user monitoring data is also being incorporated adaptively.

A Kosen official stated, “With global aging, the dental prosthesis market is also growing simultaneously,” adding, “The global dental prosthesis market size is 20 trillion KRW, and the global digital dental market including CAD dental technology is estimated to be about 30 trillion KRW.”

He continued, “Currently, the dental CAD market is monopolized by overseas companies,” explaining, “Domestic dental clinics and dental laboratories pay tens of millions of KRW annually overseas for CAD software fees used for prosthesis production.”

He added, “Once AI crown CAD development is completed, it will be able to replace a significant portion of the existing crown market,” and “Especially, ClearTech is rapidly progressing with a globally unrivaled level of data secured, and it is expected to gain a competitive advantage over existing companies.”

According to the company, ClearTech has been conducting patient clinical trials since July this year and is actively promoting commercialization, preparing for a technology-specialized IPO targeted for 2026.

Meanwhile, Kosen, which resumed trading after resolving major shareholder uncertainties, recorded its highest quarterly sales in the first quarter of this year. Through this acquisition of ClearTech, it plans to accelerate full-scale business diversification.

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