- Rayence, TFT detector company merged with Humanray, CMOS sensor
company
- Builds a complete line-up of
products for Medical, Dental, Veterinary,
and Industrial applications
Oct. 17, 2012 (VATECH Networks HQ, Korea)... Two subsidiary companies of VATECH, Humanray and Rayence, is announced to have merged effective Sept. 30, 2012. The new name of their combined entities is RAYENCE Co., Ltd.
About Humanray
Humanray is a core x-ray solutions company that specializes in CMOS (Complementary Metal-Oxide Semiconductor) sensors. CMOS sensors have the advantage of obtaining high resolution images with low-radiation dose through its high SNR performance and high speed readout without the image lag. This technology is being used for dental, medical, and industrial x-ray imaging.
About Rayence
Rayence holds the manufacturing technology for TFT (Thin Film Transistor) large area Detectors. These products are being used for medical x-ray and veterinary x-ray, particularly in the growing equine detector market.
This merger brings about the establishment of a bigger X-Ray Detector
specialized company in RAYENCE Co., Ltd. A full line-up of X-ray detectors has been built
for medical, dental, veterinary, and industrial applications.
Humanray is a core x-ray solutions company that specializes in CMOS (Complementary Metal-Oxide Semiconductor) sensors. CMOS sensors have the advantage of obtaining high resolution images with low-radiation dose through its high SNR performance and high speed readout without the image lag. This technology is being used for dental, medical, and industrial x-ray imaging.
About Rayence
Rayence holds the manufacturing technology for TFT (Thin Film Transistor) large area Detectors. These products are being used for medical x-ray and veterinary x-ray, particularly in the growing equine detector market.
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| Full line-up of Detector products |
The synergism of this merger can be explained in 3 significant points
of views:
1. In terms of
enterprise value, the company’s status is revaluated as the no.1 company
domestically (Korea) in the detector technology sector.
2. In terms of business,
it builds a diversified detectors technology and a full line-up of detector
products that present for growth and expansion opportunities.
3. In terms of
organization, it maximizes efficiency of the R&D, Sales, and the entire
staff of the company.
Looking at it in the entire VATECH Networks sphere, the dental imaging equipment and detectors business areas
both ranked no.1 in the Korean market. These 2 areas have been making
significant positioning, thus placing VATECH Networks as Korea’s leading medical
device group of companies.
Because of the medical radiation exposure issues and film
development environmental issues, there is a recent trend of accelerated transition
from analog to digital medical diagnostic x-ray equipment usage, with X-ray equipment digitization growing to more than 15%.
The high growth potential of RAYENCE in the detector market can
be attributed to:
Ø Expansion of
clientele in the mammography, dental, and industrial areas, which is accredited
to its in-house designed technologies and manufacturing core competencies.
Ø Active marketing in
Retrofit and wireless areas.
Ø A prepared plan for
innovative cost competitiveness through its own core technological competencies.
From the combined revenue of Humanray & Rayence in 2011 at 63.8
billion Korean Won, 2012 revenue is projected at 82 billion Korean Won, which
sets RAYENCE as the largest detector company in Korea. VATECH Co., Ltd. is the largest shareholder of this
newly-merged corporation at 50.3%. (US$1=₩1,105.50)
Mr. James Hyun (Hyun
Jeong Hoon), CEO of the
newly-merged RAYENCE Co., Ltd. has said “This merger brings about synergistic
effects, which can be expected in the fields of manufacturing technology, quality
control, marketing, etc., and thus enable us to provide quality detectors that
correspond to the specific needs of customers.” Lastly, there is
an ongoing plan for Rayence to be publicly traded in no later than 2014.
For more information about the new Rayence Co., Ltd., visit www.rayenceusa.com or contact Rayence' Korea HQ or U.S.A. Sales Offices at the following contact details:
For more information about the new Rayence Co., Ltd., visit www.rayenceusa.com or contact Rayence' Korea HQ or U.S.A. Sales Offices at the following contact details:
Korea Headquarter
14 Seogu-dong, Samsung 1ro 1-gil,
Hwaseong-si, Gyeonggi-do, South Korea
Tel.: +82 31-8015-6472
Fax: +82 31-8015-6598
Email: aju.choi@rayence.com
U.S.A
440 Sylvan Avenue Suite #220
Englewood Cliffs, NJ 07632
Tel.: 1-201-569-0445
Fax: 1-201-569-0448
Email: info@rayenceusa.com
Website: www.rayenceusa.com
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