Rayence Co., Ltd.
KKRX:2288508,020.00
KRW
+110.00
(+1.39%)
ISIN
KR7228850004
Return %
Stock
S&P 500
1Y
42.45
14.39
3Y
-12.06
81.42
5Y
-40.37
68.62
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Young-Gwon Seo
- Full Time Employees
- 225
- Sector
- Health technology
- Industry
- Medical specialties
- Address
- Hwaseong-si South Korea
- IPO Date
- Apr 11, 2016
- Website
- rayence.com
- Similar Companies
- Business
- Rayence Co., Ltd. is a South Korea-based medical and industrial imaging technology company that specializes in the design, development, and manufacture of digital X-ray flat panel detectors, intraoral sensors, and comprehensive radiographic imaging solutions. Founded in 2011 and headquartered in Hwaseong-si, Gyeonggi-do, South Korea, the company operates as a key imaging subsidiary of Vatech Co., Ltd. Rayence delivers core digital radiography components and complete imaging systems across healthcare, dental, veterinary, and industrial inspection sectors globally. The company's product and service portfolio is organized into distinct specialized divisions: Medical Digital Radiography Detectors, comprising amorphous silicon thin-film transistor (a-Si TFT) and complementary metal-oxide-semiconductor (CMOS) flat panel detectors designed for general radiography, portable diagnostic carts, mammography, and surgical C-arm systems; Dental Imaging Solutions, including high-resolution intraoral sensors under the EzSensor series, panoramic and cephalometric CMOS sensor modules, and specialized cone-beam computed tomography (CBCT) detection components; Veterinary Imaging Systems, marketed under the MyVet brand, offering dedicated small-animal and equine digital radiography tables, portable X-ray units, specialized veterinary dental imaging sensors, and small-animal 3D CT diagnostic systems; Industrial and Non-Destructive Testing (NDT) Detectors, featuring ultra-high-resolution, radiation-hardened CMOS and dynamic flat panel detectors engineered for electronic component inspection, semiconductor packaging, printed circuit board (PCB) assembly verification, and electric vehicle (EV) secondary battery cell defect analysis; and Proprietary Imaging Software, including the Xmaru software suite for radiographic image acquisition, advanced filtering algorithms, calibration, picture archiving and communication systems (PACS) integration, and veterinary-specific diagnostic workflow management. Rayence maintains direct business operations, research and development facilities, and manufacturing infrastructure in South Korea, complemented by international sales, customer service, and distribution subsidiaries in the United States (Rayence Inc. and MyVet Imaging Inc.), Europe, China, and Latin America. The company serves original equipment manufacturers (OEMs), medical device system integrators, dental equipment suppliers, veterinary clinics, hospitals, and industrial inspection equipment manufacturers across North America, Europe, Asia-Pacific, Latin America, and the Middle East. In recent developments, Rayence has accelerated its strategic expansion into high-growth non-destructive industrial testing and specialized clinical segments. The company has broadened its industrial portfolio with the commercial release of high-durability, high-speed CMOS detectors optimized for in-line quality inspection of cylindrical and pouch-type secondary batteries used in electric vehicles. In its healthcare and dental divisions, Rayence has introduced next-generation indium gallium zinc oxide (IGZO) oxide TFT and curved CMOS detector architectures that provide enhanced low-dose sensitivity, higher frame rates for real-time fluoroscopy, and reduced distortion in compact diagnostic environments. Additionally, Rayence has expanded its MyVet brand footprint through strategic distribution partnerships with multinational veterinary hospital networks and diagnostic equipment distributors, while advancing cloud-enabled imaging workflows and automated diagnostic assistance tools across its software platforms.