Graphy Inc. Receives 'A' Grade from Both Evaluation Institutions in Pr…

[Seoul, September 2, 2024] - Graphy Inc. (CEO Sim Un Seob) announced that it has obtained an 'A' grade from two institutions in the preliminary technology evaluation for a technology-based special listing. This evaluation result officially recognizes Graphy’s innovative 3D printing technology and its growth potential in the global market, marking a significant turning point in the listing process.

Innovative 3D Printing Technology

Graphy Inc. specializes in the development of photocurable materials for 3D printing and shape-memory transparent aligners. A particularly notable aspect of this evaluation was Graphy's Shape Memory Aligner technology. This technology is based on a shape-memory material designed and synthesized in-house using oligomers for 3D printing. The aligners, manufactured through a differentiated 3D printing method, stand apart from traditional thermoforming techniques. Using shape-memory material that provides continuous corrective force within the oral cavity, Graphy significantly enhances the accuracy and efficiency of orthodontic treatments. With this, Graphy presents a new paradigm in the dental orthodontic market, demonstrating commercialization potential and technological competitiveness. Graphy’s technology was evaluated as having a competitive edge in areas such as development progress, reliability, independence, differentiation, difficulty of imitation, and scalability.

Notably, the material (Tera Harz Clear) has been praised by prominent orthodontic scholars as a groundbreaking technology in orthodontics. Leading universities and research institutions globally are testing Graphy's products, with over 40 SCI-level international papers and key orthodontic journals already attesting to the excellence and stability of the material. The fact that many patients who have experienced the superior effects of this orthodontic treatment are spreading the word, and that many renowned figures from countries like Japan are undergoing or requesting orthodontic treatment using Graphy’s technology, is a testament to its effectiveness.

Global Competitiveness and Growth Potential

The global orthodontics market is rapidly growing. From approximately KRW 70 trillion in 2020, the market is expected to nearly double to KRW 150 trillion by 2030. Keeping pace with this growth, Graphy's Shape Memory Aligners, with excellent price competitiveness and high orthodontic accuracy and efficiency, are expected to expand rapidly, especially in North America and the Asia-Pacific regions.

Graphy provides customer-tailored solutions through a diverse product lineup and offers integrated 3D printing solutions using its self-developed nitrogen-curing device and AI-based smart robot systems. These technologies have potential applications not only in the orthodontics field but also in other medical device markets.

Production and R&D Capabilities

Graphy has continuously pursued technological advancements, with a strong commitment to research and development (R&D). Since its founding in 2017, the company has focused its efforts on developing new materials, expanding R&D facilities and personnel, and introducing AI-based production robots. CEO Sim Un Seob’s technological leadership has driven Graphy's technological prowess, leading to substantial achievements in product and material development. In this process, financial institutions such as Woori Bank, KB Securities, and Shinhan Investment Corp., along with numerous venture capital firms (VCs) and global orthodontic scholars, have invested over KRW 34 billion, supporting Graphy in navigating this challenging path.

In particular, Graphy has been recognized for its high production and quality management capabilities by adopting ISO 13485 and GMP-based quality management systems across its manufacturing processes. Additionally, the company has achieved significant accomplishments, including new product certifications, designation as a World-Class Product, and selection as one of the Global Small Giants 1000+ companies.

Global Expansion Strategy and Post-IPO Plans

Graphy has already secured strong clients in key markets such as Japan and Europe (over 80 countries) and is preparing for full-scale market entry into the U.S. and Asia. The company's rising recognition and preference in global markets can be attributed to its consistent participation in major domestic and international exhibitions since 2021, which reflects the success of its marketing strategies. In Korea, Graphy participated in exhibitions such as SIDEX, KDTEX, and KAO, while internationally, it attended renowned events like AEEDC in Dubai, Lab Day in Chicago, AAO in the U.S., DGKFO in Germany, and Formnext, raising the company's brand awareness and demonstrating the value of its technology.

Phrases like “experience the first and the best,” “first mover,” and “realizing vision” are just a few ways to describe Graphy’s technological potential, which is difficult to encapsulate in a single term.

Funds secured after the IPO will be invested in establishing a local subsidiary in the U.S., building mass production facilities for transparent aligners, and executing Graphy’s global expansion strategy. Additionally, Graphy plans to solidify its leading position in the orthodontic market and accelerate the development of next-generation technologies, such as AI-based smart robot systems. This is expected to enhance Graphy's value as a world-class technology company beyond the dental market.

CEO Sim Un Seob stated, "The 'A' grade in the recent preliminary technology evaluation is a recognition of Graphy's technological capabilities and future potential, and we are preparing for our leap into the global market with this result." He added, "We will continue to play a leading role in not only the dental orthodontic field but also various medical device markets through ongoing research, development, and innovation."

This evaluation result is expected to accelerate Graphy’s listing process and strengthen its position in the global market based on its technological prowess.