Domestic AI software company PIIE is preparing to be listed on KOSDAQ. It is seeking to enter the market with the goal of accelerating growth through AI agents and non-destructive testing.

PIAI announced on the 13th that it is accelerating its conquest of the global advanced industry market through a new solution utilizing AI and image processing algorithm software technology.

Through this initial public offering (IPO), PII is offering a total of 3.6 million shares, with a target offering price of 4,000 to 5,000 won per share. It plans to raise approximately 14.4 billion won (based on the lower limit of the offering price) through this offering, and will conduct a demand forecast for institutional investors until the 14th to determine the final offering price, and will hold a general subscription on the 20th and 21st, and list in February. The lead manager is Samsung Securities.

From January to November last year, the company recorded accumulated sales of 108.6 billion won and operating profit of 7.7 billion won.

PII is expanding its existing secondary battery-centered business to various industries such as semiconductors, automobiles, and pharmaceuticals through new solutions that can be utilized across cutting-edge industries, such as AI agents, non-destructive testing (NDT), and TGV (Through Glass Via, glass substrate) inspection.

The 'AI Agent', developed in collaboration with Aha Labs, a subsidiary specialized in manufacturing data and industrial AI solutions, is a key solution that realizes intelligence in manufacturing sites. This is an advanced data-driven smart factory solution, a giant multi-modal model (LMM) that utilizes augmented search generation (RAG) based on a large-scale language model (LLM).

△We are developing core non-destructive testing solutions such as ultrasound, X-ray, and 3D CT. Non-destructive testing has established itself as a core technology that determines quality and efficiency in the advanced manufacturing field, and is widely used in various industries.

Last September, PII further strengthened its technological capabilities through a business agreement (MOU) with an ultrasound equipment specialist. Based on this, it aims to enter new fields by winning orders from customers starting in 2025.

In order to differentiate its technology, PIIE applied for a patent for a TGV glass substrate inspection device using a multi-focus method in November of last year. As the semiconductor glass substrate market becomes full-fledged, it is expected to become a new growth engine for PIIE.

As the AI industry advances, the importance of glass substrates in next-generation semiconductor manufacturing technology is becoming increasingly apparent. The glass substrate inspection market, which requires large-area inspection and stability without warping, is expected to grow steadily.

Samsung Securities, the lead manager for the listing, said, “Initially, there were concerns about a slowdown in performance growth due to the secondary battery chasm due to the high proportion of secondary battery-related sales, but there is potential for expansion in the ultrasonic inspection solution for HBM and the glass substrate TGV inspection solution for AI semiconductor businesses,” and evaluated, “Investment institutions are showing a significant increase in the possibility of expanding the smart factory business in the pharmaceutical, semiconductor, and general logistics industries using AI agents.”

“As cutting-edge industrial processes become more complex and competition for yields intensifies, the importance of AI software is growing,” said CEO Jeong-il Choi of PIAI. “PIAI will expand its business beyond batteries to the entire cutting-edge industry through next-generation solutions based on AI and image processing algorithm software, and leap forward as a global company.”