Tank Tech
Tank Tech (Busan, South Korea, founded 1991) designs and manufactures proprietary water-pressure ship safety equipment and fire suppression systems — including the world's first EV-Drill Lance for battery fires — serving shipbuilders (Hyundai HI, Samsung HI, DSME), automotive OEMs (Hyundai), nuclear/energy operators (KHNP, KEPCO), and infrastructure owners across 24+ countries.
- Company typePrivate
- Founded1991
- HeadquartersBusan, South Korea
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Tank Tech does
Tank Tech (TANKTECH CO.,LTD.) is a Busan, South Korea-based industrial manufacturer founded in 1991 that designs and builds ship safety equipment and fire suppression systems, organized around a proprietary "친환경 수압 기술" (eco-friendly water pressure) technology platform. The company operates across two business units: a shipbuilding equipment division serving tankers, container ships, LNG/LPG carriers, and Ro-Ro vessels (products include High Velocity P/V Valves, X-Mist water mist systems, Emergency Towing Systems, Eductors, Tank Cleaning Machines, Anti-Heeling Systems, RopeSave Liners, Aluminium Wedges and Securing Devices for GTT Mark III/NO96 LNG tanks, and Water Spray Systems); and a firefighting division serving fire departments, EV parking facilities, electric bus operators, commercial real estate, data centers, and nuclear power plants (products include the EV-Drill Lance family — EVDL-H, EVDL-M, EVDL-F — co-developed with Hyundai Motor Group on the EBHL for electric buses, Water Mist Guns, and automated Water Monitors with flame detection and tracking).
Tank Tech makes money primarily through direct B2B hardware sales to shipyards (including Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering), large enterprises (Hyundai Motor Group, KEPCO, KHNP, SK hynix, Hanwha Aerospace, Kyobo Life Insurance, Yeouido Parc 1), and government/defense customers, with pricing quote-based and not publicly disclosed. Revenue is supplemented by a global after-sales service network operating through 24+ certified partners across the Americas, Africa, Asia, and Europe providing spare parts and technical support. The company is co-led by Co-CEOs Joo Kwang-il and Kim Young-han, employs 80+ people across four locations (Busan headquarters, two Busan factories, and a Seoul sales office), reported 2024 revenue of 53.9 billion KRW, and has accumulated a deep regulatory approval portfolio (ISO 9001/14001/45001, CE MARK/MED, KFI, FM, GTT, NET, Korean Fire Department certifications) that constitutes its primary competitive moat in capital-equipment markets with long qualification cycles.
Tank Tech firmographics
Firmographics- Name
- Tank Tech
- Legal name
- TANKTECH CO.,LTD.
- Website
- https://tanktech.co.kr
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Tank Tech (Busan, South Korea, founded 1991) designs and manufactures proprietary water-pressure ship safety equipment and fire suppression systems — including the world's first EV-Drill Lance for battery fires — serving shipbuilders (Hyundai HI, Samsung HI, DSME), automotive OEMs (Hyundai), nuclear/energy operators (KHNP, KEPCO), and infrastructure owners across 24+ countries.
- Ownership category
- akta.pro rank
Tank Tech industry classification
Industry- Product category
- Marine Safety Equipment and Fire Suppression Systems
- NAICS
- Pump and Compressor Manufacturing (33391), Fluid Power Valve and Hose Fitting Manufacturing (332912)
- SIC
- Oil & Gas Field Machinery & Equipment (3533), Pumps & Pumping Equipment (3561)
- akta.pro primary industry
- Safety, Fire Protection & Emergency Systems (Firewater, Gas Detection, Rescue) (IMAJALAL)
- akta.pro secondary industries
- Process Safety & Relief Systems (Flare Systems, PRVs, Explosion Protection) (IMAHAEAL), Fire Protection Systems Contracting (Sprinklers, Alarms, Suppression) (IMAFALAD)
Keywords
Where Tank Tech is headquartered
LocationHeadquarters
- HQ city
- Busan
- HQ country
- South Korea
- HQ region
- Asia
Offices4 records
Markets served
Tank Tech business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Ship Equipment & Safety Systems: Sale of proprietary ship safety equipment including PV valves, Anti-Heeling systems, X-Mist water mist systems, Eductors, Tank Cleaning Machines, Portable Measuring Systems, Emergency Towing Systems, Securing Devices, and Aluminium Wedges for LNG carriers. Sold directly to shipyards and ship operators.
- EV & Industrial Fire Suppression Systems: Sale of EV-Drill Lance systems (EVDL-H, EVDL-M, EVDL-F), EBHL electric bus systems, Water Mist systems, and Water Monitors for parking structures, fire stations, apartments, commercial buildings, data centers, and nuclear power plants.
- After-Sales Service & Spare Parts: Global after-sales service network covering Americas, Africa, Asia, and Europe with certified service partners providing spare parts and technical support.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | No public pricing available |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels10 records
Tank Tech product offering
Product offeringCore offering
Tank Tech designs, manufactures, and globally services engineered shipboard safety equipment (PV valves, anti-heeling systems, water mist systems, eductors, tank cleaning machines, portable measuring systems, emergency towing systems, LNG securing devices, and aluminium wedges) for tanker, container, LNG/LPG, and Ro-Ro shipbuilders and operators. The company also produces land-based fire suppression systems, including the world-first water-pressure EV-Drill Lance (EVDL-H/M/F) for electric vehicle battery fires, the EBHL system co-developed with Hyundai Motor Group for electric bus battery fires, fixed and portable water mist systems, and automated water monitors for fire departments, parking structures, data centers, nuclear plants, and commercial buildings.
Product overview
Tank Tech is a specialized technology company offering a comprehensive portfolio of ship safety and fire suppression solutions. The product portfolio is organized into three main categories: Shipbuilding equipment (including tanker solutions like X-Mist water mist systems, High Velocity PV valves, Emergency Towing Systems, and cargo management equipment; container ship solutions including Anti-Piracy guns, RopeSave liners, water monitors, and Anti-Heeling systems; LNG/LPG carrier solutions with Aluminium Wedges and GTT-approved Securing Devices; and Ro-Ro ship solutions with Water Spray systems), Firefighting systems (featuring the EV-Drill Lance series - EVDL-H, EVDL-M, and EVDL-F - for electric vehicle fire suppression, EBHL for electric bus battery fires, Water Mist guns and fixed systems, and automated Water Monitors), all unified by the company's core eco-friendly water pressure technology platform that enables fire suppression using minimal water while maximizing safety and environmental protection.
Differentiator
Problem solved
Functional benefit
Products and services
- X-Mist Water Mist Fire Suppression System Advanced water mist fire suppression system for large spaces providing rapid fire suppression with minimal water usage (approximately 10% of conventional sprinklers) through atomized water cooling, oxygen displacement by steam, and radiant heat reduction. IMO MSC.1/Circ. 1385 compliant with coverage up to 10,600 m³ at max height 15.5 m. For shipyards and ship operators.
- High Velocity PV Valve Rupture Pin Type High Velocity Pressure/Vacuum valve designed to prevent flame ingress into cargo tanks and relieve excessive tank pressure or vacuum conditions for oil tankers.
- Emergency Towing System Emergency towing system combining emergency towing and mooring equipment for space-efficient deck design, used for towing grounded or damaged vessels. Available for tankers and LNG/LPG vessels.
- Eductor
Quantifiable outcome
- EV fires suppressed within 10 minutes (FILK test report)
- +5 more outcomes
Companies that use Tank Tech
Customer profileNamed customers13 records
Segments3 records
Ideal customer profiles2 records
Tank Tech technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Tank Tech partnerships and signals
Strategic signalPartnerships
28 partnerships are on record, tiered standard and minor.
- HI TEK MARINE (Panama)standardAuthorized after-sales service partner for Tank Tech products in Panama. Provides spare parts and technical support services.
- Q-CON CORPORATION (USA)standardAuthorized service partner for Tank Tech in the USA, providing service and spare parts support.
- SEA SAFETY SERVICES INC. (USA)standardAuthorized service partner for Tank Tech in the USA providing safety-related service support.
- SIGNAL S.A (Argentina)standardAuthorized service partner for Tank Tech in Argentina.
- AUTROTEC-SISTEMAS ELETRONICOS LTDA (Brazil)standardAuthorized service partner for Tank Tech in Brazil.
- RESET NAVAL (Peru)standardAuthorized service partner for Tank Tech in Peru.
- IMASMEX Offshore Solutions (Mexico)standardAuthorized offshore service partner for Tank Tech in Mexico.
- NOVA MARINE (South Africa)standardAuthorized service partner for Tank Tech in South Africa.
- PRECISION LOGISTICS LTD. (Nigeria)standardAuthorized service partner for Tank Tech in Nigeria.
- JTM GLOBAL (Singapore)standardAuthorized service partner for Tank Tech in Singapore.
- ALTIS CALSERV PTE LTD. (Singapore)standardAuthorized service partner for Tank Tech in Singapore.
- ORIENT TECHNICAL MARINE (Vietnam)standardAuthorized service partner for Tank Tech in Vietnam.
- SOONEX CO LTD (Taiwan)standardAuthorized service partner for Tank Tech in Taiwan.
- TP-ENGINEERING & TRADING SUPPLY CO LTD (Thailand)standardAuthorized service partner for Tank Tech in Thailand.
- JOME ENGINEERING LLC (UAE)standardAuthorized service partner for Tank Tech in UAE.
- KYOWA-JITSUGYO CO., LTD (Japan)standardAuthorized service partner for Tank Tech in Japan.
- Jayantilal Tripash Bharati Shipping Services (India)standardAuthorized service partner for Tank Tech in India.
- Mater Systems (UAE)standardAuthorized service partner for Tank Tech in UAE.
- TANMARINE DENIZCILIK VE TICARET LTD STI (Turkey)standardAuthorized service partner for Tank Tech in Turkey.
- SET.MAR. (Italy)standardAuthorized service partner for Tank Tech in Italy.
- INTERNATIONAL MINING & MARINE LTD. (UK)standardAuthorized service partner for Tank Tech in the United Kingdom.
- JURAS SERVISA KOMPANIJA LTD (Latvia)standardAuthorized service partner for Tank Tech in Latvia.
- XTECH INTERNATIONAL MARINE SERVICES BV (France, Spain, Poland)standardAuthorized service partner for Tank Tech covering France, Spain, and Poland.
- RAVEBO B.V. (Netherlands)standardAuthorized service partner for Tank Tech in the Netherlands.
- HANSA SAFETY SERVICES GmbH (Germany)standardAuthorized service partner for Tank Tech in Germany.
- MARINE TECHNICS (Russia & CIS)standardAuthorized service partner for Tank Tech covering Russia and CIS regions.
- FORTUNE TRADING MARINE (Greece)standardAuthorized service partner for Tank Tech in Greece.
- Marsh Ltd. (Global Insurance Broker)minorInsurance broker partnership providing premium discount benefits to customers using Anti-Piracy Solution Gun systems.
Scale indicators5 records
Recent moves12 records
Expansion highlights7 records
Tank Tech competitors and assessment
Company assessmentBroad incumbents
- Wärtsilä: Finland-based global marine systems integrator offering ship gas solutions, exhaust treatment, and a broad portfolio of marine safety and automation products. Overlaps with Tank Tech's ship safety equipment across tanker, container, and LNG carrier segments, but at vastly larger scale and broader scope.
- Alfa Laval: Sweden-based marine equipment leader supplying pumps, heat exchangers, tank cleaning equipment, and fluid handling systems to shipyards globally. Directly comparable to Tank Tech's eductors, tank cleaning machines, and P/V valve portfolio serving tankers and cargo ships.
- Tyco Fire Protection Products (Johnson Controls): Global fire suppression leader (ANSUL, SKUM, CHEMGUARD brands) with broad marine, industrial, and commercial coverage. Competes with Tank Tech's water mist systems in industrial facilities, data centers, and offshore installations, though at much larger scale and with broader chemical/mechanical solutions.
Direct peers
- Marioff (Carrier): Finland-based water mist fire suppression pioneer (HI-FOG system), now part of Carrier Global. Competes head-to-head with Tank Tech's X-Mist system for marine and industrial water mist installations, including the engine rooms, machinery spaces, and accommodations covered by IMO standards.
- Fike Corporation: US-based specialist in explosion protection, pressure relief, and fire suppression systems serving process industries, marine, and energy markets. Directly comparable to Tank Tech on P/V valves, rupture pin technology, and pressure safety hardware used in oil and chemical tankers.
- GTT (Gaztransport & Technigaz): France-based LNG containment membrane designer whose technology (NO96, Mark III) underpins the LNG carrier securing devices and aluminium wedges that Tank Tech is GTT-approved to manufacture. GTT approval creates a regulated supplier ecosystem that Tank Tech participates in directly.
- TGE Marine Gas Engineering: Germany-based engineering firm specializing in cargo containment and handling systems for LNG/LPG carriers and offshore units. Overlaps with Tank Tech's LNG carrier securing device and aluminium wedge business, and competes for the same GTT-approved supplier slots on newbuild carriers.
- Rosenbauer International: Austria-based global firefighting equipment manufacturer producing fire trucks, suppression systems, and increasingly EV-specific fire response equipment. Comparable to Tank Tech on the EV/battery fire suppression growth vector and on broader fire safety product portfolio.
- Minimax: Germany-based fire protection specialist with deep water mist and sprinkler coverage in marine, industrial, and offshore applications. Direct competitor to Tank Tech's X-Mist water mist system and Water Mist Gun across shipbuilding and land-based fire suppression.
Emerging players
- Dafo Fomtec: Sweden-based fire suppression foam and system supplier serving marine, offshore, and industrial customers. Smaller and more focused than Johnson Controls or Minimax, with comparable positioning in specialty firefighting media for shipboard and offshore applications adjacent to Tank Tech's water mist portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Tank Tech social profiles
Digital presenceTank Tech compliance and trust
Trust signalCompliance12 records
Tank Tech financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tank Tech leadership team
Management profileNumber of profiles
Profiles2 records
Tank Tech funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tank Tech M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tank Tech
What does Tank Tech do?
Tank Tech designs, manufactures, and globally services engineered shipboard safety equipment (PV valves, anti-heeling systems, water mist systems, eductors, tank cleaning machines, portable measuring systems, emergency towing systems, LNG securing devices, and aluminium wedges) for tanker, container, LNG/LPG, and Ro-Ro shipbuilders and operators. The company also produces land-based fire suppression systems, including the world-first water-pressure EV-Drill Lance (EVDL-H/M/F) for electric vehicle battery fires, the EBHL system co-developed with Hyundai Motor Group for electric bus battery fires, fixed and portable water mist systems, and automated water monitors for fire departments, parking structures, data centers, nuclear plants, and commercial buildings.
Is Tank Tech a public or private company?
Tank Tech is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Tank Tech founded?
Tank Tech was founded in 1991. It employs 51 to 100 people.
Where is Tank Tech based?
Tank Tech is headquartered in Busan, South Korea, in the Asia region.
How does Tank Tech make money?
Three revenue lines are on record. Ship Equipment & Safety Systems are the primary driver. The others are EV & Industrial Fire Suppression Systems and after-Sales Service & Spare Parts.
Who are Tank Tech's main competitors?
Broad incumbents on record are Wärtsilä, Alfa Laval and Tyco Fire Protection Products (Johnson Controls). Direct peers are Marioff (Carrier), Fike Corporation, GTT (Gaztransport & Technigaz), TGE Marine Gas Engineering, Rosenbauer International and Minimax. Dafo Fomtec is listed as an emerging player.
Does Tank Tech have an API?
No public API is recorded for Tank Tech.
What industry is Tank Tech in?
Tank Tech's product category is Marine Safety Equipment and Fire Suppression Systems. Its primary akta.pro industry code is IMAJALAL, Safety, Fire Protection & Emergency Systems (Firewater, Gas Detection, Rescue), with a secondary code of IMAHAEAL, Process Safety & Relief Systems (Flare Systems, PRVs, Explosion Protection). Its NAICS code is 33391 and its SIC code is 3533.