FOM Technologies

What FOM Technologies does

FOM Technologies A/S, founded in 2012 as a spinout from the Technical University of Denmark and listed on Nasdaq First North Growth Market (ticker: FOM) since June 2020, designs and manufactures precision slot-die coating machines and equipment for depositing thin liquid films onto substrates. Its product portfolio spans three categories—benchtop and roll-based systems (FOM nanoRC, FOM arcRC), sheet-based systems (FOM scalarSC, FOM vectorSC, FOM alphaSC), and roll-to-roll pilot-production systems (FOM alphaR2R, FOM photonR2R, FOM omicronR2R, FOM omegaR2R, FOM compact moduloR2R, FOM moduloR2R)—plus Steel and PEEK series slot-die heads and the FOM coatLAB training platform. Applications include battery electrode coating, perovskite and printed photovoltaics, MedTech and pharmaceutical manufacturing, defense, fuel cells and electrolyzers, carbon capture and direct air capture, and Power-to-X.

The company monetizes primarily through one-time capital equipment sales under tiered payment terms (EUR 1,000 minimum; milestone billing for orders above EUR 15,000 and EUR 250,000), supplemented by after-sales services (operator training, process guidance, technical assistance, Service Agreements, Site Acceptance Testing). Distribution combines direct enterprise field sales with an exclusive channel partnership with M.Braun Inertgas-Systeme GmbH covering Germany, Austria, Switzerland, USA, Canada, Brazil, and South Korea, alongside regional distributors AVBA (Israel) and Mitsuwa Frontech Corp. (Japan). A wholly-owned US subsidiary in Palo Alto (established February 2021) anchors North American demand, while a 51%-owned subsidiary, MLMC Therapeutics ApS, pursues pharmaceutical manufacturing applications. Named customers include MIT, University of Washington's Clean Energy Institute, Phillips 66, the University of Toledo under a US Air Force solar project, and three US Department of Energy national laboratories (Argonne, Oak Ridge, Los Alamos). FY2025 Total Income was tDKK 41,610 with EBITDA of tDKK -24,968, and 2026 guidance points to DKK 40–50 million in revenue with continued operating losses.

Name

FOM Technologies

Legal name

FOM Technologies A/S

Website

https://fomtechnologies.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

FOM Technologies A/S is a Danish Nasdaq First North–listed manufacturer of precision slot-die coating machines and equipment, serving battery, solar, MedTech, defense, fuel cell, and clean-energy researchers and manufacturers worldwide.

Ownership category

akta.pro rank

Product category

Thin-Film Coating Equipment

NAICS

Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing (334416), Electrical Equipment Manufacturing (3353)

SIC

Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Back-End/Advanced Packaging Equipment (Die Attach/Wire Bond/Flip-Chip/TCB) (HDAHAEAL)

Keywords

• Slot-die coating machines
• Thin-film deposition equipment
• Roll-to-roll coating
• Battery electrode coating
• Functional material coating

Headquarters

HQ city

Copenhagen

HQ country

Denmark

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Slot-Die Coating Machine Sales: Sale of cutting-edge slot-die machines and equipment. Products include roll-based, sheet-based, and roll-to-roll machines along with slot-die heads. Minimum order value of EUR 1,000 with tiered payment terms based on order value.
2. After-Sales Services: Paid services including operator training, process guidance, technical assistance (remote or on-site). Service Agreements (SAs) available for ongoing support. Site Acceptance Testing (SAT) services.
3. Training & Education: FOM coatLAB tutorial platform providing high-quality on-demand tutorials for slot-die coating. Slot-die coating courses through partners like University of Washington's Clean Energy Institute.
4. Slot-Die Heads and Accessories: Sale of slot-die heads including Steel series and PEEK series, along with accessories like N2 knife for gas quenching.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

FOM Technologies designs, engineers, manufactures, and sells advanced slot-die coating machines, slot-die heads, and accessories that enable precise, uniform, and scalable deposition of functional thin films. The equipment serves research and pilot-scale production in batteries, photovoltaics, MedTech/pharma, defense, fuel cells, carbon capture, and Power-to-X applications, with a portfolio spanning entry-level bench-top roll units, sheet-based systems, and full-scale roll-to-roll production lines.

Product overview

FOM Technologies designs and engineers advanced slot-die coating machines and equipment for precise, uniform, and scalable deposition of functional materials. The product portfolio includes three main machine categories: Roll-based machines (FOM nanoRC, FOM arcRC) for entry-level to advanced roll coating; Sheet-based machines (FOM scalarSC, FOM vectorSC, FOM alphaSC) for batch coating on rigid and flexible substrates; and Roll-to-roll machines (FOM alphaR2R, FOM photonR2R, FOM omicronR2R, FOM omegaR2R, FOM compact moduloR2R, FOM moduloR2R) for continuous scalable production. The portfolio also includes Steel Series and PEEK Series slot-die heads as accessories, and FOM coatLAB as a tutorial and training service. Applications span battery, solar, MedTech/pharma, defense, fuel cells/electrolyzers, carbon capture/DAC, and Power-to-X.

Differentiator

Problem solved

Functional benefit

Products and services

• FOM nanoRC Entry-level bench-top roll-based slot-die coating machine designed for researchers and scientists discovering and developing new functional materials through slot-die coating.
• FOM arcRC Roll-based slot-die coating machine in the FOM product portfolio.
• FOM scalarSC Sheet-based slot-die coating machine in the FOM product portfolio.
• FOM vectorSC Premium sheet-based slot-die coating machine, UL and CE-certified, designed for easy high-quality continuous coating on both flexible and rigid substrates with plug n' play glovebox compatibility as standard; precision workhorse for demanding battery, display, and thin-film solar research environments.
• FOM alphaSC Sheet-based slot-die coating machine suitable for perovskite solar cell development, capable of coating on both rigid and flexible substrates.
• FOM alphaR2R Roll-to-roll slot-die coating machine in the FOM product portfolio.
• FOM photonR2R Roll-to-roll slot-die coating machine for scalable thin-film deposition.
• FOM omicronR2R Roll-to-roll slot-die coating machine in the FOM product portfolio.
• FOM omegaR2R Roll-to-roll slot-die coating machine in the FOM product portfolio.
• FOM compact moduloR2R Compact roll-to-roll slot-die coating machine.
• FOM moduloR2R Full-size roll-to-roll slot-die coating machine for pilot-scale production.
• Steel Series Slot-die Heads Slot-die heads made from steel for depositing thin liquid films on substrates.
• PEEK Series Slot-die Heads Slot-die heads made from PEEK (polyether ether ketone) polymer for specialized coating applications.
• FOM coatLAB Tutorial platform providing high-quality on-demand tutorials supporting both newcomers and experienced users of FOM equipment, covering topics from assembling slot-die heads to mastering advanced coating techniques.
• After-Sales Services and Service Agreements Paid after-sales services including operator training, process guidance, technical assistance (remote or on-site), Service Agreements (SAs) for ongoing support, and Site Acceptance Testing (SAT).

Quantifiable outcome

• Slot-die coating achieves >95% material utilization vs. spin coating which disposes >95% of solution
• +2 more outcomes

Named customers9 records

Segments7 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Honeywell InternationalcoreStrategic or Co-development Partner · 4 March 2026FOM Technologies collaborates with Honeywell to integrate its high-precision slot-die coating technology into Honeywell's AI-powered Battery Manufacturing Excellence Platform (Battery MXP). The partnership focuses on optimizing electrode production at the Alabama Mobility and Power (AMP) Center at the University of Alabama. The combined solution aims to improve cell yields and safety for next-generation battery manufacturing. Martin Kiener, Founder and CEO of FOM Technologies Inc., stated this collaboration represents stepping into the 'major league' with Honeywell's expertise in automation and control systems.
• Alabama Mobility and Power (AMP) Center / University of AlabamacoreStrategic or Co-development Partner · 4 March 2026The AMP Center integrates Honeywell's Battery MXP platform with FOM Technologies' electrode coating technology to create an end-to-end automation solution for battery manufacturers. The facility serves as a pilot battery production site for external organizations and trains the next generation of battery engineers. The battery research lab is expected to open in Q2 2026.
• M.Braun Inertgas-Systeme GmbHcoreChannel Partner/ Reseller/ Distributor · 25 May 2021Exclusive distribution partnership where M.Braun promotes, sells, and services FOM slot-die coating systems in Germany, Austria, Switzerland (Europe), USA, Canada, Brazil (Americas), and South Korea (Asia). M.Braun has 45 years expertise in inertgas technology and 15 years in vacuum coating equipment. Both parties agreed to cooperate in all other territories based on a preferred partnership agreement.
• AVBAminorChannel Partner/ Reseller/ DistributorAVBA appointed as distributor for FOM slot-die coating technology in Israel. AVBA offers expert guidance on equipment selection and configuration for customers in Israel, with expertise in high-tech technologies serving Electronics, Semiconductors, Pharmaceutical, Biotechnology, R&D Institutions, and Nano-Technology Centers.
• Mitsuwa Frontech Corp.minorChannel Partner/ Reseller/ DistributorMitsuwa Frontech appointed as distributor for FOM slot-die coating technology in Japan. Mitsuwa provides market penetration and expert guidance on equipment selection and configuration for Japanese customers.
• Washington Clean Energy Testbed (WCET)coreStrategic or Co-development PartnerFOM equipment installed at WCET as part of world-class facilities for advanced manufacturing of energy devices, functional films, and printed electronics. WCET is a key partner for FOM in the US market, participating in the US-MAP (U.S. Manufacturing of Advanced Perovskites) consortium along with NREL, top companies, universities and national laboratories.
• McLarenminorOthersFOM hired Kamran Ahmed as Head of Production, Logistics & Supply Chain, who was previously employed as Senior Production & Logistics Design Engineer at McLaren supercar manufacturer. This represents a talent acquisition partnership where FOM recruits experienced professionals from premium manufacturing companies.

Scale indicators5 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• nTact: US-based manufacturer of slot-die coating systems serving semiconductor, display, photovoltaic, and biomedical applications. Most direct comparable to FOM Technologies, offering similar roll-based and sheet-based slot-die coaters to research and pilot-scale customers.

Broad incumbents

• Nordson: Large diversified US industrial equipment maker with a broad portfolio of precision dispensing and coating systems across electronics, medical, and industrial markets. Overlaps with FOM in thin-film coating but operates at much greater scale with broader application reach.
• SUSS MicroTec: German-headquartered supplier of equipment for semiconductor and advanced packaging markets, including coating and lithography systems. Comparable as a specialized industrial equipment vendor serving semiconductor-adjacent and thin-film deposition customers, though much larger and broader in scope.
• Ulvac: Japanese manufacturer of vacuum and thin-film deposition equipment serving semiconductor, flat-panel display, solar, and battery markets. Overlaps with FOM in roll-to-roll and large-area coating equipment for solar and battery applications, but with a much larger installed base and broader product portfolio.
• Advanced Energy: US-based precision power-conversion and process-control equipment maker serving semiconductor, thin-film, and industrial customers. Comparable in serving thin-film deposition end markets with high-precision industrial equipment, though broader in scope and substantially larger.
• Illinois Tool Works (ITW): Highly diversified US industrial conglomerate with multiple segments in specialty coatings, dispensing, and finishing equipment. Overlaps with FOM in industrial coating and surface-treatment applications through business units serving automotive, electronics, and industrial markets.

Others

• M.Braun Inertgas-Systeme GmbH: German-headquartered manufacturer of inert-gas gloveboxes and vacuum coating equipment that serves as FOM's exclusive global distribution partner. Comparable as a supplier of precision coating and process environment equipment, and a key channel relationship for FOM, though primarily a partner rather than direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/FomTechnologies
• YouTubeyoutube.com/channel/UC_fBGG48fcxWg6QkksfrvWQ
• Facebookfacebook.com/FOM-Technologies-103596331257885
• LinkedInlinkedin.com/company/fom-technologies

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FOM Technologies