PNT has clinched deals from LG Chem and Samsung SDI to supply notching equipment used in battery production, sources told The Elec.
Samsung SDI will use the company’s equipment at its Cheonan factory in South Korea and plant in Tianjin, China, they said.
LG Chem will use PNT’s goods at its factories at Nanjing, China and Wroclow, Poland. The equipment will be applied for batteries for electric cars as well as consumer devices.
Samsung and LG has ordered around 20 units each, the sources said. One notching equipment sells for around $2 million.
The deal is PNT’s first to the two South Korean battery giants.
PNT specializes in cutter equipment used in making electric tabs.
The company began research and development in 2017 and began supplying the equipment in 2018. It is also developing equipment used for stacking.
Notching equipment cuts battery materials, either by pressing or lasers. The cut materials become positive or negative tabs. These tabs are then combined with a separator to become a battery cell.
Notching methods were largely led by Japanese companies such as Canon, with the South Koreans beginning localizing the technology in the early 2000s.
Clients order them by turn-key as battery production require multiple processes, with each requiring different equipment.
PNT competes with compatriots DA Technologies, mPLUS, Philoptics, Youil Energy Tech and SFA in the battery equipment arena.