Naintech "Achieves Expected Profit of 25 Billion KRW from Affiliate's KOSDAQ Listing Investment"

Ninetech, a specialized company in secondary battery and IT material parts equipment, announced on the 4th that its invested affiliate Ivy Vision Works recorded the upper price limit on the first day of its KOSDAQ listing, expecting an investment performance of 25 billion KRW.

Ivy Vision Works completed the merger process with Hana Financial 24th SPAC and was listed on the KOSDAQ market on the 3rd of this month. On the same day, Ivy Vision Works' stock price closed at 4,260 KRW. Ninetech succeeded in generating substantial excess returns after 8 years of value investing in startups in the secondary battery field.

In 2016, during the early stages of the secondary battery business, Ninetech recognized the importance of vision inspection equipment and discovered Ivy Vision Works while reviewing related companies, maintaining a continuous cooperative relationship. It has now established itself as a solid business partner. As a result, Ivy Vision Works maximized its corporate asset value through the listing, and Ninetech achieved a surprise expected investment return worth approximately 25 billion KRW compared to the initial investment. Based on this investment success, Ninetech plans to actively expand its core business and invest in new ventures.

Ivy Vision Works is a specialized company in machine vision-based secondary battery inspection systems. It supplies machine vision inspection devices optimized for the secondary battery manufacturing processes including △electrode process △assembly process △packaging process △module process. It has secured customers including the top three domestic battery companies and secondary battery equipment firms.

Ninetech is focusing on secondary battery-related businesses through investments in affiliated companies and new businesses, solidifying its portfolio as a specialized company. Its core business includes the production of roll-to-roll lamination and stacking equipment in the secondary battery assembly process, R&D of all-solid-state batteries known as the "dream battery" due to their low fire risk, cooling and power generation using thermoelectric devices, dry electrode process equipment, and post-use battery recycling business, covering comprehensive upstream and downstream battery-related sectors.

A Ninetech representative stated, “Our subsidiary Talos, which is preparing for a KOSDAQ listing, is also engaged in the defense lithium-ion battery business,” and added, “As a secondary battery specialized company, Ninetech will continue to make its best efforts to enhance corporate and shareholder value through steady R&D and startup investments.”

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