People and Technology, Inc.(PNT) has called a memorandum of understanding (MOU) for expanding its plant for manufacturing equipment for secondary cell production

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People and Technology, Inc. (PNT)

Jan 14, 2023, 12:55 ET

PNT has expanded 4th plant manufacturing equipment for secondary cell production, with Gumi-si, Gyeongsangbuk-do

GUMI-SI, GYEONGSANGBUK-DO, Republic of Korea, Jan. 14, 2023 /PRNewswire-PRWeb/ -- People and Technology, Inc.(PNT) has called a memorandum of understanding (MOU) for expanding its plant for manufacturing equipment for secondary cell production with Gumi-si, Gyeongsangbuk-do. The memorandum includes plans for a new facility with a building area of 72,976㎡ on a total site area of 106,038㎡ in the 4th complex of Gumi High Tech Valley. The plant is to have a new facility for producing equipment for manufacturing core materials for secondary cells like anode, cathode materials and separators, and roll-to-roll (R2R) equipment for processing semiconductors.

PNT is a leading manufacturer and provider of roll-to-roll equipment based in South Korea. The corporation is supplying equipment to the three biggest secondary cell manufacturers in Korea - SK Innovation, LG Energy Solutions, and Samsung SDI. SK Innovation, in particular, is known to have adopted both anode and cathode coaters by PNT. Globally, PNT supplies equipment for electrode manufacturing such as anode and cathode coaters, and calenders to tier 1 secondary cell manufacturers and electronic vehicle (EV) automakers in the United States, Europe and China. Additional discussions are ongoing with a broader market, including automotive original equipment manufacturers (OEM) and clients in Europe.

Eyes of the global EV market are set on PNT as the need for electrode manufacturing equipment grows unprecedented, and the South-Korean manufacturer meets challenging technological requirements for manufacturing such equipment. As of now the corporation plans to expand business by investing in its facilities.

Media Contact

PNT Inc., Advanced Meterial Automation, 82 54 469 6914, [email protected]

SOURCE People and Technology, Inc. (PNT)