Growing momentum behind the Koh Young 3D AOI continues to help it post record results
Koh Young Technology, the leading 3D measurement, and inspection company, achieved the largest-ever second-quarter revenue, which increased 22 percent year-over-year.
Continued success from growing AOI momentum
The revenue came in part due to increased contribution from 3D AOI business, which had almost 60 percent year-over-year increase in revenue. The market has been responding positively to its flagship Zenith 3D AOI model. Coupled with powerful software, the Zenith handles an enormous amount of real data, which helps engineers gain insight into the reflow processes and enables faster, better decision making.
Innovation is driving growth
Koh Young has been growing rapidly, enjoying double-digit growth year-over-year. Since its formation just 16 years ago, the company has become one of the fastest growing companies in South Korea. Just last year, it break through the 200 billion KRW sales mark. Innovation remains the key driver for its growth. Since introducing the world’s first 2-way 3D SPI in 2004, Koh Young has continued pushing into new frontiers and driving innovation across many industries. With its unique innovative culture, Koh Young continues to raise industry standards with disruptive technologies that overcome inspection system limitations. In fact, the company has become the first South Korean company in Robo Global’s “Robotics and Automation Index.”
Extending Growth Momentum beyond SMT
Looking to future success, Koh Young expects to expand its footprint beyond the surface mount industry by adapting its core technologies and strengthening its technological capabilities. Nearly half of all its employees are directly involved in R&D, so it is no surprise the company has over 400 patents issued and over 200 more patents pending.
To further solidify its position as a technology pioneer, Koh Young has recently moved to a new 26,826 square-foot Research & Design center in the city of Yongin. The company expects to strengthen its leadership in the electronics industry and expand into new businesses with its new state-of-the-art research lab.