What LP Tech does

LP Tech (LPTech Co., Ltd., 주식회사 엘피텍) is a South Korea-based robotics manufacturer founded in February 2021 by CEO Park Hyungsoon. The company designs and produces grippers for industrial robots, with its flagship product being the Teaching-less Gripper (Smart Gripper), a sensorless end-effector that uses proprietary software-based torque control and mechanical design to detect and handle workpieces of varying sizes without per-product teaching or reprogramming. Its gripper portfolio includes variants for semiconductor/display, secondary battery, welding, and logistics (anti-vibration) applications, and is positioned at roughly 5 million KRW per unit versus ~10 million KRW for comparable offerings from Schunk.

LP Tech's business model combines proprietary hardware manufacturing with factory automation (FA) component distribution. Direct sales cover customized gripper projects from concept through delivery, while distribution handles motors, reducers, robots, and other FA parts from brands including Mitsubishi Electric, Panasonic, Moons, Fastech, Justeck, HRT, ATG, and APEX. The company also layers in smart factory consulting and technical support services. Revenue progression was 200 million KRW (2021), 500 million KRW (2022), and 2 billion KRW (2023, +300% YoY), with reported 2024 order volume of ~3.6 billion KRW. Customer segments include food processing (e.g., Sajo Industries), semiconductor/display equipment manufacturers, secondary battery producers, and logistics operators, served across Korea, Southeast Asia (Indonesia, Thailand, Vietnam), Europe (France, Germany, Belgium, Netherlands), and South America (Peru).

Organizationally, LP Tech operates from a research base at Siheung Startup Center (Gyeonggi-do), an Ansan factory, a Daejeon registered head office, and a Bucheon branch, employing roughly 4 people (3 in R&D). It established a wholly-owned R&D subsidiary, LPTech Robotics Co., Ltd., in November 2023, holds a granted patent (2026-01-07) for its Gripper Device technology, and has secured Venture Business Certification and Research Institute Company status. Stated long-term ambition is to reach 100 billion KRW (~US$75M) in annual revenue and become a globally recognized robotics enterprise.

Name

LP Tech

Legal name

주식회사 엘피텍

Website

https://motorlpt.com

Company type

Private

Founded year

2021

Operating status

Operating

Short description

LP Tech (LPTech Co., Ltd., 주식회사 엘피텍) is a South Korea-based manufacturer of sensorless, teaching-less robotic grippers for welding, secondary battery, semiconductor/display, food, and logistics automation, supplemented by FA component distribution and smart factory consulting services.

Ownership category

akta.pro rank

Product category

Industrial Robotics / Robotic Grippers

NAICS

Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513), Other Measuring and Controlling Device Manufacturing (334519)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Electrical Industrial Apparatus (3620)

akta.pro primary industry

Motion & Machine Control (CNC, Robotics Controllers, Servo/Motion Controllers) (IMAGABAG)

akta.pro secondary industries

Motion Control Controllers & CNC/Robot Drives (Motion Controllers, Multi-axis) (IMAGACAH), Motion Control Electronics & Controls (Controllers, Drivers, Feedback Interfaces) (IMAHAGAJ)

Keywords

• Robotic grippers
• Factory automation
• Smart manufacturing
• Robotic end effectors
• Industrial automation components

Headquarters

HQ city

Ansan

HQ country

South Korea

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Gripper Manufacturing and Sales: Manufacture and sale of proprietary teaching-less grippers and anti-vibration grippers. Customized solutions for customer applications. Primary revenue driver with 2023 revenue of 20 billion KRW and 2024 order volume of 36 billion KRW.
2. FA Component Distribution: Distribution of factory automation components including motors, reducers, sensors, and industrial robots. Supply contracts with HRT, Justeck, Fastech, Mitsubishi Electric, Panasonic, and Moon's brands.
3. Automation Consulting and Technical Support: Smart factory consulting, education, and technical support services. Leverages over 14 years of factory automation experience to provide field-oriented guidance on smart factory implementation.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

LP Tech manufactures proprietary "Teaching-less" sensorless robotic grippers that grip various-sized objects without external sensors, programming, or teaching processes, using torque control and mechanical design. The company also distributes factory automation components (motors, reducers, robots, sensors) and provides smart factory consulting and technical support for industrial customers in semiconductor, display, food, logistics, and secondary battery industries.

Product overview

LP Tech is a robotics company that manufactures intelligent grippers and distributes factory automation (FA) components. Their core manufactured product is the Smart Gripper (Teaching-less Gripper), a sensorless robotic gripper using proprietary software-based torque control that can handle objects of various sizes without teaching or reprogramming. They complement their gripper business with distribution of motors (Justek DD Motor, Moons/Fastech Stepping Motors, Panasonic/Mitsubishi Servo Motors), reducers (ATG, APEX planetary reducers), robots (Universal Collaborative Robots, Nachi Articulated Robots, iRobo/Atro SCARA Robots, DKW Linear Modules), and other FA components (RUNDA Cooling Fans, BANDO Belts). The company positions itself as a total factory automation solution provider, offering both manufactured products and distributed automation components for smart factory implementations across semiconductor, display, food, logistics, and secondary battery industries.

Differentiator

Problem solved

Functional benefit

Brands

• LPTech Robotics Co., Ltd. (주식회사 엘피텍 로보틱스): Research institute-affiliated subsidiary established in November 2023, focused on robotics research and gripper technology development.

Products and services

• Smart Gripper (Teaching-less Gripper) Proprietary sensorless robotic gripper that operates without external sensors using software-based torque control. Detects workpiece contact when any finger touches it, enabling handling of various-sized objects with a single grip signal without teaching or programming. Priced at approximately 5 million KRW per unit. Used by industrial manufacturers across semiconductor, display, food, logistics, and secondary battery industries.
• Secondary Battery Gripper Specialized gripper variant designed for secondary battery (2차 전지) manufacturing and handling applications. Used by secondary battery manufacturers for battery cell handling, module assembly, and EV component manufacturing.
• Welding Gripper Specialized gripper variant designed for welding robot automation applications. Used in general manufacturing and factory automation contexts for multiple product handling and welding operations.
• Anti-vibration Picking Gripper Advanced gripper that effectively controls micro-vibrations during high-speed logistics transfer and precision manufacturing. Reduces residual vibration after robot arm movement stops, improving overall process productivity and reducing defect rates. Used by logistics companies for high-speed transfer operations.
• FA Component Distribution Distribution of factory automation components including motors (Justek DD Motor, Moons Stepping Motor, Fastech Stepping Motor, Panasonic Servo Motor, Mitsubishi Servo Motor), reducers (ATG, APEX planetary reducers), robots (Universal Collaborative Robots, Nachi Articulated Robots, iRobo/Atro SCARA Robots, DKW Linear Modules), and other components (RUNDA Cooling Fans, BANDO Belts). Distributed to mid-market factory automation customers in South Korea.
• Automation Consulting and Technical Support Smart factory consulting, education, and technical support services leveraging over 14 years of factory automation experience to provide field-oriented guidance on smart factory implementation. Used by manufacturers deploying automation solutions.

Quantifiable outcome

• Handles objects as small as 5mm including hollow workpieces without slippage
• +4 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core, major and minor.

• French Companies (France POC)coreChannel Partner/ Reseller/ Distributor · 1 November 2025Completed product exports to German market and received POC orders from French local companies following European Global POC exhibition participation. Approximately 50 million KRW sample POC order received.
• Various Companies (Peru, Thailand, Indonesia)majorStrategic or Co-development Partner · 1 August 2025Signed 20 MOUs with local companies in Peru, Thailand, and Indonesia for robotics industry cooperation and network establishment for international business expansion.
• Korea Midland Power CorporationcoreStrategic or Co-development Partner · 1 January 2025Participated in Korea Midland Power shared growth program as one of 15 robotics startups. Achieved best performance among participating companies and selected as outstanding partner company. Network building through Jakarta briefing session led to international business opportunities.
• Various Indonesian Companies (Indonesia Cikarang Robot Export)coreChannel Partner/ Reseller/ Distributor · 1 July 2024Signed 4 MOUs for robot exports during Indonesia Cikarang technology roadshow. Building distribution network for gripper products in Indonesian manufacturing market.
• ThrivecoreStrategic or Co-development Partner · 1 September 2023MOU with Indonesian AI, automation, and robotics specialist company Thrive for transferring proprietary automation technology and developing customized automation manufacturing lines for the Indonesian market. Thrive has over 15 years of IT consulting experience in Indonesia.
• Korea Robotics Industry AssociationminorStrategic or Co-development PartnerMember of Korea Robotics Industry Association. Participated in 2023 regular general meeting as new member. Active in association activities and exhibitions.
• Korea Cognitive Science & Industry AssociationminorStrategic or Co-development PartnerMember of Korea Cognitive Science & Industry Association for industry networking and technology exchange.
• Korean Companies (Various)coreChannel Partner/ Reseller/ DistributorSupply contracts with HRT (reducer), Justeck (DD Motor), Fastech for factory automation component distribution. Additional contracts with Mitsubishi Electric, Panasonic, and Moon's for motors and drives.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Zimmer Group: German manufacturer of grippers and end-effectors for industrial automation, competing head-to-head with LP Tech in the same European markets LP Tech is now entering. Comparable product categories (mechanical grippers, soft grippers, custom end-effectors) and similar customer bases in automotive and manufacturing.
• Schunk: German global leader in gripping systems and clamping technology, specifically named by LP Tech as its primary competitor. Both companies produce robotic grippers and end-effectors serving automotive, electronics, and logistics customers, with Schunk's higher-priced sensor-based solutions being the explicit benchmark LP Tech undercuts by 50%.
• DESTACO: US-based manufacturer of clamping, gripping, and end-effector solutions for industrial automation and robotics. Compares on product category (robotic grippers and tool changers) and overlapping customers in automotive and metalworking automation.
• Robotiq: Canadian manufacturer of grippers for collaborative robots now part of Universal Robots/Hexagon. Directly comparable as a gripper specialist targeting the same ease-of-use and high-mix manufacturing use cases LP Tech pursues with its teaching-less technology.
• Piab (Piab Group): Swedish manufacturer of vacuum grippers, end-effectors, and suction cups used in robotic material handling. Strongly comparable on the robot end-effector business and as a direct competitor in pick-and-place logistics applications where LP Tech's anti-vibration gripper is positioned.
• OnRobot: Denmark-based manufacturer of plug-and-play robotic grippers and end-effectors serving similar high-mix manufacturing customers. Directly comparable product portfolio (electric, pneumatic, vacuum grippers) and overlapping go-to-market focus on collaborative robots, with comparable value proposition of simplifying deployment.

Broad incumbents

• Festo: German global automation incumbent with a deep catalog of pneumatic and electric grippers alongside broader factory automation. Serves similar end customers and geographies; competing overlap is in pneumatic grippers rather than LP Tech's sensorless electric category.
• SMC Corporation: Japanese global leader in pneumatic components including a large gripper portfolio. Not a direct product competitor to LP Tech's sensorless electric grippers but represents the incumbent alternative LP Tech displaces when end-users switch from pneumatic to electric solutions.
• Yaskawa Electric: Japanese robotics and motion control giant (Motoman) that LP Tech integrates with via FA distribution partnerships. Serves the same end customers in welding and manufacturing automation; not a direct gripper competitor but the robot platform whose end-effectors LP Tech supplies.

Emerging players

• IAI Intelligent Actuator: Japanese manufacturer of electric actuators and intelligent motion control products for factory automation. Comparable on the precision motion/control side of LP Tech's technology and as a regional (Japan) peer focused on electric rather than pneumatic motion solutions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutu.be/nrNLWBRmlPs

Compliance14 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

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 LP Tech