What ISP Co., Ltd does

ISP Co., Ltd (아이에스피) is a South Korean precision instrumentation manufacturer founded in 2004 that develops X-ray fluorescence (XRF) analyzers and automated inline measurement systems for material composition analysis and plating thickness control. The company is positioned as the only domestic Korean provider of XRF analysis technology, with over 20 years of accumulated expertise and proprietary patents covering X-ray generators, fluorescence analysis systems, and continuous print thickness measurement methods. Its product portfolio spans four core categories: composition analyzers (e.g., iEDX-120A for RoHS/hazardous material detection), precious metal analyzers (iEDX-100C/R series for gold/silver purity verification), plating thickness gauges (iEDX-150T series, iTG-B10, iTG-1000A), and automated inline measurement systems (iEDX-750T for wafer, MLCC, PCB, and connector applications; iEDX-830T for battery; iEDX-850T for OLED display). Supporting offerings include the SIRIUS-i100 micro-CT scanner, fiber laser engraving systems, warpage sorting machines, and calibration standard specimens.

The underlying technology relies on non-destructive X-ray fluorescence physics for elemental analysis and thin film thickness measurement, complemented by proprietary domestically developed Digital Pulse Processor (DPP) and Multi-Channel Analyzer (MCA) for signal processing. The business model is primarily hardware sales of capital equipment with system integration and after-sales service revenue; ISP emphasizes a cost-performance advantage, pricing its iEDX lineup at roughly 70% of foreign competitors and offering probes at 50% of foreign consumables costs. Go-to-market combines direct B2B sales in Korea (managed by the COO and sales/marketing team via website inquiry and phone) with channel partners internationally - SENSE Instrument in Shenzhen, China and ISP Instruments India Private Limited in Bangalore. Customer segments include electronics manufacturing (PCB, semiconductor, MLCC), battery and energy storage (secondary battery and fuel cell manufacturers), precious metals and jewelry, environmental compliance testing, automotive, and research institutions. Notable enterprise customers include SK Hynix (semiconductor), IAEA (nuclear material analysis), and unnamed global top-tier manufacturers across PCB, battery, and OLED display verticals. The company has offices in Jeonju (headquarters), Pyeongtaek (R&D and manufacturing), Shenzhen, and Bangalore, with 11-50 employees and approximately KRW 7.5 billion in combined VC funding through 2025.

Name

ISP Co., Ltd

Legal name

주식회사 아이에스피

Website

https://ispxrf.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

ISP Co., Ltd is a South Korean manufacturer of X-ray fluorescence analyzers and automated inline measurement systems for material composition and plating thickness control, serving electronics, semiconductor, battery, display, and precious metal manufacturers globally.

Ownership category

akta.pro rank

Headquarters

HQ city

Jeonju-si

HQ country

South Korea

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. XRF Analyzers and Plating Thickness Gauges: Sale of hardware equipment including composition analyzers (iEDX-120A), precious metal analyzers (iEDX-100C/R), plating thickness analyzers (iEDX-150T series), and inline measurement systems. One-time capital equipment purchase model.
2. Inline/Automation Equipment Systems: Sale of automated inline measurement and inspection systems for PCB, MLCC, battery, and display manufacturing. Includes turnkey solutions with integration services.
3. Spare Parts and Consumables: Probe replacements and consumables for XRF equipment. Company emphasizes cost-efficient probe costs (50% of foreign competitors) and fast replacement service.
4. Technical Support and A/S Services: After-sales service including repair, replacement, and technical support. Positioned as fast and reliable customer support to ensure QC gate verification continuity.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

ISP Co., Ltd develops, manufactures, and sells X-ray fluorescence (XRF) analyzers used for material composition analysis and plating thickness measurement, as well as automated in-line measurement systems for production environments. The portfolio spans bench-top composition analyzers, precious metal analyzers, plating thickness gauges, inline analyzers for PCB, semiconductor, battery, and display manufacturing, imaging analyzers, and standard reference specimens. Products are sold to manufacturers and quality-control labs in the electronics, semiconductor, battery, display, automotive, and precious metals industries.

Product overview

ISP Co., Ltd is a Korea-based manufacturer specializing in X-ray fluorescence (XRF) analysis and imaging equipment. The product portfolio is organized into four main categories: (1) Composition Analyzers (iEDX-120A, iEDX-Mini OLA, iEDX-100L OLA) for RoHS/hazardous material detection and plating solution analysis; (2) Precious Metal Analyzers (iEDX-100C, iEDX-100R Series) for gold, silver, and jewelry purity testing; (3) Plating Thickness Analyzers (iEDX-150T Series, iEDX-750T Series, iEDX-830T, iEDX-850T, iTG-B10, iTG-B500, iTG-1000A) for measuring metal plating thickness on PCB, semiconductor, display, and battery components; and (4) X-ray Imaging Systems (SIRIUS-i100 micro CT scanner) for non-destructive 3D imaging. The company also offers supporting equipment including laser engravers (iLM-200), warpage sorting machines, and reference standard specimens for calibration. All products leverage XRF technology as the core analytical method for non-destructive element and thickness measurement across industries including electronics, semiconductor, automotive, battery, and precious metals.

Differentiator

Problem solved

Functional benefit

Products and services

• iEDX-120A Composition Analyzer Bench-top X-ray fluorescence composition analyzer used for material composition analysis of solid samples in quality control and laboratory environments. Designed for manufacturers and QC labs across the electronics, semiconductor, battery, and precious metals industries.
• iEDX-Mini OLA Online Liquid Analyzer Online liquid X-ray fluorescence analyzer used for continuous composition analysis of liquid samples in production environments.
• iEDX-100L OLA Online Liquid Analyzer Online X-ray fluorescence analyzer for continuous composition analysis of liquid samples in plating and chemical process lines.
• iEDX-100C Precious Metal Analyzer X-ray fluorescence analyzer designed for non-destructive composition analysis of precious metals such as gold, silver, platinum, and rhodium. Used by precious metal dealers, refiners, and recyclers.
• iEDX-100R Series Precious Metal Analyzer Desktop X-ray fluorescence analyzer for rapid, non-destructive verification of precious metal composition and plating purity in retail and recycling operations.
• iEDX-150T Series Plating Thickness Gauge Bench-top X-ray fluorescence plating thickness gauge used for measuring coating and plating thickness on electronic components. Targeted at QC labs serving PCB, connector, and electronics manufacturers.
• iEDX-150WT Plating Thickness Gauge Wide-stage X-ray fluorescence plating thickness gauge for measuring coating thickness on larger or wide-format samples in electronics QC.
• iTG-B10 Inline Copper Plating Thickness Gauge Inline plating thickness gauge specifically designed for copper foil plating thickness measurement on continuous production lines. Used by PCB and electronics manufacturers.
• iTG-B500 Semi-Automatic Plating Thickness Gauge Semi-automatic plating thickness gauge combining XRF measurement with automated sample handling for higher-throughput batch QC.
• iEDX-750T Inline Composition Analyzer (Wafer, MLCC, PCB, Connector) Automated in-line X-ray fluorescence composition analyzer platform configured for high-precision composition and plating thickness measurement of semiconductor wafers, MLCCs, PCBs, and connectors on production lines.
• iEDX-830T Inline Battery Composition Analyzer Automated in-line X-ray fluorescence composition analyzer used for battery composition analysis on secondary battery production lines.
• iEDX-850T Inline Display Composition Analyzer Automated in-line X-ray fluorescence composition analyzer designed for composition analysis in display panel manufacturing.
• Gravure 830T Inline Ni Plating Thickness Gauge Inline X-ray fluorescence plating thickness gauge for nickel plating thickness measurement in gravure coating lines.
• iTG-1000A Automated Copper Plating Measurement System Automated in-line copper plating measurement system used for high-volume plating thickness QA on PCB and electronics manufacturing lines.
• SIRIUS-i100 Imaging Analyzer Imaging X-ray fluorescence analyzer used for spatial composition analysis and imaging of samples. Suited to R&D and advanced QC applications.
• iLM-200 Laser Engraving System Laser engraving system used for marking or engraving traceability information on analyzed parts and components.
• Warpage Sorting Machine Automated inline machine for sorting components based on warpage measurement on the production line.
• Standard Specimens (Reference Standards) Certified reference materials and standard specimens used to calibrate XRF analyzers and validate plating thickness and composition measurements.

Quantifiable outcome

• 70% cost of foreign alternatives with equivalent measurement performance
• +3 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Four partnerships are on record, tiered core and minor.

• SK HynixcoreStrategic or Co-development Partner · 1 January 2025JEP (Jumong Equipment Partnership) agreement for metal thickness measurement IM equipment for SK Hynix. ISP develops and supplies automated inline XRF thickness measurement systems for semiconductor manufacturing quality control.
• IAEA (International Atomic Energy Agency)minorOthers · 1 January 2020ISP exported uranium analyzer (iEDX-150M) to IAEA in Austria. This represents international recognition of ISP's nuclear material analysis capabilities.
• SENSE InstrumentcoreChannel Partner/ Reseller/ DistributorAuthorized dealer for ISP products in Shenzhen, China. SENSE Instrument handles sales, support, and customer service for the Chinese market from their location in Baoan District.
• ISP Instruments India Private LimitedcoreChannel Partner/ Reseller/ DistributorSubsidiary company handling ISP product sales and distribution in India. Located in Bangalore, Karnataka with coverage across the Indian market.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Bruker: US/German scientific instruments company with XRF, XRD, and micro-XRF product lines used in industrial QC, electronics, and materials analysis. Overlaps directly with ISP's analytical instrument portfolio across multiple end markets.
• JEOL: Japanese manufacturer of analytical instruments including XRF, electron probe microanalyzers, and electron microscopes for materials and electronics QC. Comparable to ISP in offering high-precision X-ray-based analytical tools for industrial and research applications.
• Helmut Fischer: German specialist in XRF-based coating thickness measurement and materials analysis, with a deep product line spanning handheld and inline systems across PCB, semiconductor, and automotive applications. Directly competes with ISP's iEDX-150T plating thickness gauges and inline analyzers in the same core use cases.
• Malvern Panalytical: Netherlands-based XRF and XRD analytical instruments specialist (formerly PANalytical), serving materials characterization and industrial process control. Directly comparable to ISP in elemental analysis and thin film measurement applications.
• Rigaku: Japanese X-ray analytical instruments leader offering XRF, XRD, and X-ray imaging systems for industrial QC and materials analysis. Competes with ISP across RoHS compliance, plating thickness, and elemental analysis applications.
• Oxford Instruments: UK-based manufacturer of analytical instruments including XRF systems for coating thickness and materials characterization. Directly comparable to ISP in serving semiconductor, PCB, and industrial QC customers with XRF-based solutions.

Emerging players

• Elvatech: Ukrainian XRF spectrometer manufacturer focused on RoHS compliance, coating thickness, and precious metals analysis with competitive pricing in emerging markets. Comparable to ISP as a focused, cost-competitive XRF specialist addressing similar industrial QC applications.

Broad incumbents

• Shimadzu: Japanese analytical and measuring instruments company with XRF, EDX, and materials testing systems used in electronics, automotive, and environmental compliance. Comparable to ISP in XRF-based elemental analysis for industrial QC.
• Thermo Fisher Scientific: Global analytical instruments giant offering XRF, spectroscopy, and electron microscopy solutions across pharma, electronics, and materials. Overlaps with ISP in industrial XRF and QC but as part of a vastly broader life sciences and materials portfolio.
• Hitachi High-Tech: Japanese analytical and measurement instruments division of Hitachi offering XRF, electron microscopes, and broader industrial metrology. Overlaps with ISP in XRF-based QC but operates as a much larger diversified instruments incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@ispxrf
• LinkedInlinkedin.com/company/isp-co-ltd

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 ISP Co., Ltd