Adbiotech Changes Name to Orion Atomics, Embarks on Nuclear Industry Expansion

KOSDAQ-listed company Adbiotech announced on October 14 that it will make a fresh start as Orion Atomics.

The company officially changed its name and formalized its transition to a new business focused on nuclear power at an extraordinary shareholders' meeting held at its headquarters in Chuncheon, Gangwon Special Self-Governing Province, on September 30.

The name change is a strategic decision to gradually scale down its existing core bio business and shift its business focus to advanced nuclear industries, including small modular reactors (SMRs), nuclear batteries, and nuclear power plant decommissioning and waste management. The company emphasized that this is "not a simple name change but a declaration of its vision to secure future growth engines."

A representative of Orion Atomics stated, "We have chosen a bold transformation to become a global leader in the next-generation energy market, where nuclear power and advanced technology converge. We aim to secure technological competitiveness across the entire nuclear industry cycle, including SMRs, decommissioning, and waste management, and to lead a new industrial paradigm."

Globally, nuclear power is regaining attention due to surging electricity demand driven by the proliferation of artificial intelligence (AI) data centers and the need to achieve carbon neutrality. In particular, the SMR, large-scale nuclear decommissioning, and waste management industries are estimated to be worth around 500 trillion won, and technological competition among major countries is intensifying. Against this backdrop, Orion Atomics' move is being evaluated as a strategic business repositioning in response to this period of industrial transformation.

An industry insider commented, "The emergence of a nuclear-specialized listed company in the domestic KOSDAQ market is highly significant. Orion Atomics has a strong potential to grow into a global unicorn company based on nuclear technology."

Meanwhile, Orion Atomics' CEO, Lee Woonjang, also serves as CEO of Orion ENC. Orion ENC, which collaborates with Korea Hydro & Nuclear Power and POSCO ENC, has proven its competitiveness in supplying nuclear power plant equipment, developing SMRs, and radioactive waste management technologies. It is expected to play a central technological role for Orion Atomics as a key domestic small but strong enterprise.

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