InnoCare continues to cultivate X-ray detection applications, with stable growth to be expected

< March 4, 2024, Miaoli, Taiwan, R.O.C.> Innolux Corporation (3481 TT) and InnoCare Optoelectronics (6861 TT) together held Innolux Group 2024 first half investor conference today (March 4). The management team believes that the X-ray inspection industry will maintain a moderate growth in the coming years. InnoCare will continue to cultivate the market for X-ray flat panel detectors, strengthen its technology and product lines, and focus on industrial X-ray inspection systems to bring about growth benefits.

InnoCare’s Chairman James Yang stated, “The X-ray inspection industry continues to grow and InnoCare has leading technology and longstanding customer relationships. Seizing the business opportunities arising from the global growth of semiconductors and electric vehicles along with related supply chains, and the gradual success in promoting new products in recent years, InnoCare has gained greater customer adoption rates in Europe, America, Japan, and Korea and has made good progress in emerging markets, which will gradually ferment from 2024 onwards, with expectant revenue growth.”

Based on years of technology accumulation and key capabilities in AI image analysis, InnoCare has adopted a mode of self-development and alliance cooperation simultaneously to penetrate relevant industrial supply chains, striving to gain opportunities for rapid development in high-end inspection fields. With X-ray sensor technology as its core, InnoCare continues to expand its layout in related application areas and accelerates its entry into emerging markets, hoping to take firm footing and achieve accelerated growth, thus creating better value for shareholders.