Koh Young Technology Beats Q3 Earnings Forecast
Reported fiscal third quarter revenue increases 22 percent year-over-year
Seoul, South Korea – Koh Young Technology, the leading 3D measurement and inspection company, once again demonstrated its market leadership by posting record third quarter revenue – up 22 percent year-over-year. With a focus on helping customers realize the benefits of a Smart Factory, Koh Young underpinned its technology leadership as the preferred inspection partner for over 2,000 customers with outstanding financial performance.
3D SPI Delivers Impressive Performance
Koh Young Technology has been recognized as the global leader in Solder Paste Inspection (SPI) for 11 straight years and maintained a market share of nearly 50 percent. The third quarter was no exception. Koh Young’s SPI business achieved strong earnings thanks in part to surging demand across multiple industries for its best-in-class inspection solutions. Committed to offering an unsurpassed user experience, Koh Young has been relentlessly improving functionality through innovation. For example, Koh Young recently demonstrated the industry’s first Auto Repair system for the world’s fastest KY8030-3 SPI at Productronica in November.
3D AOI Continues Booming
According to IPC research, the market only grew 6.4 percent in the quarter, yet Koh Young Technology’s 3D Automated Optical Inspection (AOI) experienced tremendous growth. Its flagship Zenith 3D AOI has been the crown jewel for the company and, once again, demonstrated increasing market acceptance. Coupled with powerful software, the Zenith series handles enormous amounts of real data, which helps engineers gain detailed insight about the reflow process. This information enables faster, better decision making. Building on the Zenith’s success, Koh Young unveiled the next-generation 3D AOI at Productronica. The Zenith 2 expands defect identification capabilities with several new enhancements, including dual side cameras and increased measurement height.
Growing beyond SMT
Looking forward, the company expects to expand its footprint beyond the surface mount industry with several additional innovations. Specifically, Koh Young successfully launched the “Infy” into the Machining Optical Inspection (MOI) market space. As expected, the platform quickly gained a foothold. In fact, Koh Young has already secured multiple system orders from some of the industry’s largest smartphone manufacturers. Additionally, the recently introduced KY-P3 Pin Inspection Solution, developed on Koh Young Technology’s world-class 3D AOI technology, is expected to deliver solid future growth with unrivalled repeatability. As the recognized leader in electronics measurement and inspection, Koh Young Technology is achieving its guiding vision to “Measure Everything, Everywhere.”
As the absolute leader in the inspection market, Koh Young Technology participates in multiple exhibitions every year. Up next, it will display its latest innovations at NEPCON Japan, which is d to be held 17-19 January 2018. If you cannot attend the show to visit Koh Young in booth E39-47, you can learn more about its best-in-class inspection solutions at www.kohyoung.com.
About Koh Young Technology Inc.
Koh Young Technology Inc., the leading 3D measurement-based inspection equipment and solutions provider, performs an essential role for quality control and process optimization across a growing set of industries including printed circuit board assembly, machining and assembly process manufacturing, semiconductor manufacturing, and various medical fields. In addition to corporate headquarters in Seoul, Korea, Koh Young has established sales and support offices in Germany, Japan, Singapore, China, and the United States. The local facilities ensure Koh Young maintains close communication and support with our customers, while providing a global network to support its customers.
For additional information:
Koh Young Technology, Inc., 15F, Halla Sigma Valley 53, Gasan digital 2-ro, Geumcheon-gu, Seoul 08588 Korea. email@example.com +82-2-6343-6000 www.kohyoung.com
Brent Fischthal (Americas Media Relations), +1 (704) 651.2860, firstname.lastname@example.org