Singapore, 24 June 2021 – ASM Pacific Technology (“ASMPT”), a leading global supplier of hardware and software solutions for the manufacturing of semiconductors and electronics, has extended its investment in ioTech Group Ltd (“ioTech”). Headquartered in the UK and with an R&D footprint in Israel, since 2016, ioTech has been developing a disruptive continuous laser assisted deposition (C.L.A.D.) technology that enables the further miniaturization of a variety of applications in the electronics industry.
ioTech’s C.L.A.D. is the world's first multi-material additive manufacturing technology that can process most standard industry certified materials. The combination of its unique nozzle-free, non-contact laser jet printing and deposition capability enables ultra-fast, highly accurate high-resolution printing of up to six different materials at the same time, including polymers, metals, ceramics and bio-based materials.
The speed and capacity of the technology hold potential for mass-manufacturing applications such as semi-conductor assembly or packaging and printed circuit boards. At the same time, this digital technology is extremely flexible and allows individual process adjustments.
“The potential in the electronics manufacturing market is large, and we believe we are partnering with ioTech at the right time,” said Guenter Schindler, Senior Vice President, Business Excellence, ASMPT. “ioTech’s solutions will be a game-changer for the industrial 3D printing paradigm across many industries, not just electronics manufacturing.”
Back in late 2019, ASMPT took a pioneering stake in ioTech and recently increased its investment in tandem with another key investor’s entry, Henkel Adhesive Technologies, a global leader in the adhesives market. This highlights ASMPT’s belief in the potential of ioTech’s technology. As part of the partnership, ioTech will deliver to ASMPT its first beta system, to prepare for eventual commercialization and market entry.
“ASMPT’s follow-on investment validates ioTech’s technology and strategic mission to offer high-speed and high-resolution digital solutions to the PCB, SMT and semi-conductor packaging industries, “ said Hervé Javice, ioTech’s co-founder & CEO. “ASMPT quickly realised the potential of our technology for the electronics market and their investment is a strong vote of confidence. ASMPT’s support will greatly accelerate the adoption of our revolutionary technology by electronics manufacturers seeking higher manufacturing flexibility and more eco-friendly solutions.”
About ASM Pacific Technology Limited (“ASMPT”)
ASMPT (HKEX stock code: 0522) is a leading global supplier of hardware and software solutions for the manufacture of semiconductors and electronics. Headquartered in Singapore, ASMPT’s offerings encompass the semiconductor assembly & packaging, and SMT (surface mount technology) industries, ranging from wafer deposition, to the various solutions that organise, assemble and package delicate electronic components into a vast range of end-user devices, which include electronics, mobile communications, computing, automotive, industrial and LED (displays). ASMPT partners with customers very closely, with continuous investment in R&D helping to provide cost-effective, industry-shaping solutions that achieve higher productivity, greater reliability and enhanced quality.
ASMPT is one of the constituent stocks of the Hang Seng TECH Index, Hang Seng Composite MidCap Index under the Hang Seng Composite Size Indexes, the Hang Seng Composite Information Technology Industry Index under Hang Seng Composite Industry Indexes and the Hang Seng Hong Kong 35 Index. To learn more about ASMPT, please visit us at www.asmpt.com.
About ioTech Group Ltd.
Founded in 2016, ioTech is headquartered in London, UK with its R&D activities in Israel. ioTech is a fast-growing venture that has developed the world's first Continuous Laser Assisted Deposition (C.L.A.D.) technology that can process most standard industrial materials. ioTech’s system can print and combine multiple (flowable) materials at high resolution and at high speed, offering the flexibility of dispensing at the speed of screen printing. With over 30 patents, many of them granted, ioTech is a pioneer in Additive Manufacturing innovation. Its deep technology know-how is set to become a key contributor to multiple industries such as electronics, automotive, aerospace, telecom and medical equipment. For more information, please visit www.i-o-tech.com.