Innotech

What Innotech does

Innotech Co., Ltd. (KOSDAQ: 469610) is a South Korean manufacturer specializing in reliability environmental test equipment and flexible display inspection equipment. Founded in 2013 and headquartered in Asan Smart Industrial Complex, the company designs and builds temperature/humidity chambers, thermal shock testers, aging chambers, and a proprietary line of foldable/slidable/rollable display inspection systems covering temperature ranges from -40°C to +150°C with ±2.0–3.0°C distribution control. The company serves four end verticals — display, semiconductor, automotive, and secondary battery — through custom-engineered equipment addressing each segment's reliability qualification requirements (HAST chambers, SSD aging, wafer bake ovens, automotive composite environment chambers, BMS reliability testers).

The company operates a direct B2B enterprise sales model with deep embedment into the Korean chaebol supply chain. Innotech holds 1st-tier supplier registrations with Samsung Display (since 2019, the primary customer driving foldable equipment revenue), Samsung Electronics Wireless Division (since 2021), Samsung SDI (since 2022-2023), and Hyundai Mobis (since 2022). Equipment is custom-built per customer specification, resulting in long project-based sales cycles and high contract values. The company is backed by ~137 billion KRW in cumulative disclosed funding from Shinbo, KB Securities, SBI Investment, and Yuanta Securities, and holds 10+ Korean patents covering flexible display testing, thermal shock methods, autoclave systems, and high-altitude display transport testing.

Innotech is currently preparing for a KOSDAQ listing, having filed a securities registration statement with Korea's Financial Supervisory Service in September 2025. The company has expanded internationally with a Vietnam branch established in 2024 and has scaled exports from $1M (2020) to $10M+ (2025), earning the Export Tower award. Government-recognized designations include Materials-Parts-Equipment Specialized Company, Innovative Management SME, ISO 9001 and ISO 14001 certifications, and a 2025 Presidential Commendation for SME innovation. Revenue model is one-time hardware sales of custom-built equipment, with no publicly disclosed pricing.

Name

Innotech

Legal name

INNOTECH CO.,LTD.

Website

https://innotech2013.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

51–100 employees

Short description

Innotech (KOSDAQ: 469610) is a South Korean manufacturer of reliability environmental test equipment and flexible display inspection equipment, serving Samsung Display, Samsung Electronics, Samsung SDI, and Hyundai Mobis across display, semiconductor, automotive, and secondary battery verticals.

Ownership category

akta.pro rank

Product category

Reliability Test Equipment

NAICS

Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Instruments For Meas & Testing Of Electricity & Elec Signals (3825)

akta.pro primary industry

Non-Destructive Testing (NDT) & Advanced Inspection (Phased Array, TOFD, Guided Wave) (EUAEAKAF)

Keywords

• Reliability test equipment
• Environmental test chambers
• Flexible display inspection
• Thermal shock testing
• Semiconductor reliability testing

Headquarters

HQ city

Asan

HQ country

South Korea

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Equipment Sales (Reliability Test & Inspection Equipment): One-time hardware sales of reliability environment test equipment and flexible display inspection equipment to enterprise customers including Samsung Display, Samsung SDI, Hyundai Mobis. Equipment includes anti-humidity chambers, thermal shock testers, aging chambers, folding testers for displays, semiconductor, automotive, and secondary battery applications. Custom-built to customer specifications with long sales cycles and project-based revenue.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Innotech designs and manufactures reliability environmental test equipment and flexible display inspection equipment for industrial customers. The product portfolio includes temperature and humidity chambers, thermal shock testers, aging chambers, and specialized flexible display testing devices (folding, sliding, rollable) used across display, semiconductor, automotive, and secondary battery manufacturing. Equipment is custom-built to customer specifications with wide temperature range capability (-40°C to +150°C) for reliability, durability, and quality testing under extreme environmental and mechanical stress conditions.

Product overview

Innotech (주)이노테크 provides comprehensive reliability environmental test equipment and display inspection equipment. The core product portfolio centers on temperature and humidity chambers (항온항습 챔버), thermal shock testers (열충격 시험기), and aging chambers (AGING 챔버) across four main industry verticals: Display, Automotive, Semiconductor, and Secondary Battery. The Display segment includes specialized flexible display testing equipment such as Folding testers (FOLDING 검사기) and Mobile/IT Folding chambers for foldable device reliability assessment. The Semiconductor division offers SGQ chambers, SSD chambers, and WAFER BAKE OVEN for chip reliability testing. Automotive products include complex environment test chambers and motor performance testers (IMEB MOTOR 성능시험기). Secondary battery testing encompasses rapid change environmental simulation systems (급변환경모사 시스템). The company holds multiple patents for flexible display testing technologies, including devices for bidirectional foldable displays and aviation transport testing.

Differentiator

Problem solved

Functional benefit

Products and services

• Temperature & Humidity Chamber (항온항습 챔버) Environmental test chamber that maintains uniform temperature and humidity distribution by forcibly circulating air, testing durability and reliability of displays under controlled conditions. Used by display manufacturers for quality validation.
• FOLDING Tester (FOLDING 검사기) Flexible display inspection equipment that tests product reliability under temperature and humidity conditions, verifying durability through folding, sliding, and other test methods for panel applications. Used by display manufacturers producing flexible screens.
• Aging Chamber (AGING 챔버) High-temperature aging test equipment operating at 40-60°C for LCD, OLED and other large modules to check defective states and product characteristics, inspecting module operation status. Used by display manufacturers for panel life testing.
• SGQ Chamber Semiconductor reliability test equipment that implements extreme temperature and humidity conditions to test whether components function normally under stress and verify semiconductor operational lifespan. Used by semiconductor manufacturers for component-level testing.
• SSD Chamber SSD reliability inspection equipment for testing solid-state drive performance and durability under environmental stress conditions. Used by semiconductor and storage device manufacturers.
• Wafer Bake Oven High-temperature burn-in oven for wafer-level reliability testing in semiconductor manufacturing processes. Used by semiconductor manufacturers for wafer-level reliability assessment.
• Automobile Complex Environment Test Chamber (자동차 시험용 복합 환경 시험 챔버) Integrated system for testing passenger vehicles and related components, evaluating reliability and durability under extreme temperature, humidity conditions, with controls for idle heat generation, CO2 emissions, and fire prevention. Used by automotive OEMs and parts suppliers.
• IMEB Motor Performance Tester (IMEB MOTOR 성능시험기) Motor performance testing equipment for automotive applications, evaluating motor efficiency and durability under environmental conditions. Used by automotive component manufacturers for motor validation.
• Rapid Change Environmental Simulation System (급변환경모사 시스템) System for testing secondary battery cells, modules, packs and battery management systems, simulating performance and reliability under rapid environmental changes from -40°C to +150°C. Used by battery manufacturers including Samsung SDI.
• Thermal Shock Tester (열충격 시험기) Equipment for evaluating component reliability through rapid temperature transitions, testing resistance to thermal stress from sudden temperature changes. Used across display, semiconductor, automotive, and battery industries.
• Mobile Folding Chamber (Mobile FOLDING 챔버) Flexible display inspection equipment designed for mobile device components, featuring multi-channel testing capabilities for foldable device reliability assessment. Used by mobile device and display panel manufacturers.
• IT Folding Chamber (IT FOLDING 챔버) Flexible display inspection equipment for IT devices such as tablets and laptops, testing durability of foldable displays in larger format applications. Used by IT device manufacturers.
• Display Touch Slider Tester (디스플레이 TOUCH SLIDER 검사기) Inspection equipment for testing touch slider functionality and durability on display panels under various environmental conditions. Used by display manufacturers for touch interface validation.
• Temperature-based Optical Measurement Device (온도별 광측정 디바이스) Device for measuring optical properties of displays at different temperature conditions, enabling comprehensive quality assessment across environmental ranges. Used by display manufacturers for optical performance validation.
• Flexible Display Test Device (플렉시블 디스플레이 테스트장치) Patented test device for flexible displays including foldable, slidable, and rollable form factors with real-time deformation monitoring. Registered patent. Used by display manufacturers for advanced flexible screen validation.
• Flexible Display Bending Test Device with Slider and Lifter (슬라이더와 리프터를 이용한 플렉서블 디스플레이 밴딩 시험장치) Patented bending test equipment utilizing slider and lifter mechanisms for flexible display durability assessment. Registered patent. Used by display manufacturers for precise bending reliability testing.
• Display High-Altitude Test Chamber for Aviation (디스플레이 항공운송용 고도시험 챔버장치) Patented high-altitude test chamber for evaluating display performance under air transport conditions. Registered patent. Used by display manufacturers for transport durability validation.
• Bidirectional Foldable Flexible Display Bending Test Device (양방향 접이식 플렉시블 디스플레이의 밴딩 시험장치) Patented test equipment for bidirectional folding flexible displays, enabling comprehensive durability testing. Registered patent. Used by display manufacturers for advanced bidirectional folding validation.

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Samsung DisplaycoreOthersSamsung Display is Innotech's primary customer. Innotech has been registered as Samsung Display's 1st-tier supplier since 2019, supplying foldable display reliability test equipment. Samsung Display is a major source of revenue for foldable equipment sales.
• Samsung ElectronicscoreOthersSamsung Electronics registered Innotech as a 1st-tier supplier for its Wireless Business Division in 2021 and Samsung SDI as a 1st-tier partner in 2023. Innotech supplies reliability test equipment for electronics components.
• Hyundai MobiscoreOthersHyundai Mobis registered Innotech as a 1st-tier partner in 2022 for automotive reliability test equipment, expanding Innotech's customer base in the automotive sector.
• Samsung SDIcoreOthersSamsung SDI registered Innotech as a 1st-tier partner in 2023 for secondary battery reliability test equipment, making Innotech a qualified supplier for battery testing systems.
• 충남테크노파트 (Chungnam Techno Park)minorStrategic or Co-development PartnerChungnam Techno Park listed as a major customer/partner. Innotech received the Chungnam Techno Park Successful Graduation Award. The company has collaborated with regional technology institutions.

Scale indicators8 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Atlas (AMETEK): AMETEK's Atlas division provides weathering, corrosion, and environmental testing instruments for materials and electronics. Broader incumbent with overlapping environmental simulation capability for reliability applications.

Direct peers

• Memmert GmbH + Co. KG: German manufacturer of temperature and climate chambers used in electronics reliability, materials testing, and laboratory applications. Comparable chamber-based product offering to Innotech's core lineup.
• BINDER GmbH: German manufacturer of environmental simulation chambers (temperature, humidity, CO2, ultra-low temperature) widely used in electronics, automotive, and pharmaceutical reliability testing. Direct competitor in chamber technology.
• Cincinnati Sub-Zero (CSZ): US manufacturer of temperature/humidity chambers, thermal shock, and HAST/ALT testing equipment. Directly comparable in chamber-based reliability testing for electronics and automotive components.
• Thermotron Industries: US-based manufacturer of environmental test chambers for electronics, automotive, and aerospace reliability testing. Comparable product range to Innotech's temperature/humidity and thermal shock chambers.
• Weiss Technik (including Vötsch Industrietechnik): German environmental simulation and reliability test equipment manufacturer with deep automotive, electronics, and battery testing presence. Direct competitor targeting the same Korean and global OEM customers as Innotech.
• ESPEC: Japanese global leader in environmental test chambers and reliability testing equipment, serving semiconductor, automotive, display, and battery customers. Closest direct competitor to Innotech with broader catalog and global installed base.

Others

• Hanon Systems: Korean automotive thermal management and component supplier (formerly part of Samsung). Not a direct competitor but a relevant Korean industrial peer in the automotive reliability test ecosystem, particularly around Hyundai Mobis.

Regional players

• JEIO TECH: Korean manufacturer of environmental test chambers, incubators, and laboratory equipment. Direct domestic competitor to Innotech with overlapping customer base in Korean electronics and research institutions.
• DAESUNG (대성, environmental test equipment segment): Korean industrial group with environmental test equipment offerings serving domestic semiconductor and display customers. Competes with Innotech in the Korean reliability test equipment market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors2 records

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 Innotech