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- VATECH reported the highest sales record in the fiscal year 2016

- The company showed 10% growth in revenue for four consecutive years

- VATECH stepped up as No.1 in Chinese and Indian dental market for the sales of 3D imaging system.

- At IDS 2017, VATECH plans to showcase new software solution incorporated AI* (*Artificial Intelligence)



VATECH (CEO Chang-joon Ro and Samuel Ahn, www.vatechcorp.co.kr) today announced financial results for fiscal year ended December 2016. The company reported net revenues of 2.7 billion USD, operating profit of 39.7 million USD and net income of 33.2 million USD



VATECH’s performance during the fiscal year 2016 reflected a familiar pattern of growth for the past four years. From 2013 to 2016, VATECH showed 10% annual growth in revenues. This performance was led by increased exports of 3D imaging 3D including PaX-i3D Smart. PaX-i3D smart, one of VATECH’s latest innovation that provides CT and auto Panoramic images in one can, showed strong sales growth in global market. Overall, the sales of 3D imaging systems jumped from last year. VATECH has recently stepped up as No.1 (Based on the documented number of installations) in Chinese dental market which is a fast shifting market for 3D imaging systems.



This year, VATECH is preparing for another great momentum by investing in R&D and focused on strengthening sales networks. A new standard X-ray, which dramatically reduced scan time, dose but offer improved image quality, will greet the customers in the second half of the year. VATECH’s new dental software which incorporated Artificial intelligence into image analysis will be unveiled in IDS 2017 (International Dental Show). Alongside new products VATECH’s bendable IOS and Pax-i3D Smart are expected to lead the market and contributes to revenue growth again 2017.Meanwhile, VATECH aims to strengthen its competitive edges in North American market by acquiring VATECH AMERICA Inc.



“We led the market for the year 2016 with our innovative 3D imaging systems and enjoyed a rapid growth in China and India. We will focus on gaining new momentum in 2017 by developing new paradigms for dental equipment’s such as AI-incorporated analytic software said Samuel Ahn, CEO of VATECH


 

Company Brief: VATECH

VATECH (CEO Chang-joon Ro and Samuel Ahn, www.vatech.co.kr) is a leading producer of dental equipment and imaging solutions

The company’s line of products includes intraoral sensor, high-end CT and dental software.

VATECH's annual revenue is largely driven from the global market (accounts for 80% of the total revenue)

In September 2009, VATECH was listed in KOSDAQ (Korea Securities Dealers Automated Quotations)












VATECH shared its story on the paper  (April 18, 2017)

VATECH shared its story on the paper. Sameul Ahn, VATECH's CEO shared the history of VATECH and its vision with Chosun Biz, one of the largest biz magazine in Korea. the article published on April ...

VATECH signs 5-year deal with a major Chinese medical device manufacturer  (March 31, 2017)

- Under the deal, VATECH will provide dental CBCT worth of $ 32.6 million over five years to Chinese market - Having achieved No.1 in 2D X-ray market, VATECH now advancing into 3D X-ray market in ...

VATECH announced Fiscal Year 2016 Results  (Feb. 16, 2017)

- VATECH reported the highest sales record in the fiscal year 2016 - The company showed 10% growth in revenue for four consecutive years - VATECH stepped up as No.1 in Chinese and Ind...

VATECH acquired VATECH America  (Feb.03 2017)

- The acquisition will accelerate targeting U.S, the world’s largest dental imaging market - Merging R&D and distribution chains will produce a new synergy in the global market On Feb 3, ...

VATECH and Rayence were chosen for World Class Korean Products, Paving the way fo...  (Dec.28.2016)

- Including newly added Industrial X-ray detector, total of five products of VATECH and Rayence were chosen for World-Class Korean Products -The company aims at becoming No.1 in Global...

VATECH received awards for the no.1 on-site Childcare provider  (Dec.15, 2016)

 Established to create a “happy workplace” for employees with young children even though the company has no legal obligation. Designed to provide a top rated childcare system and support employees to ...

Rayence Showcases a Digital X-ray solutions at RSNA 2016  (Dec.5 2016)

- Signaled entering medical device solution market by displaying X-ray solutions consist of detector, system and software. - New products anticipated to dominate the niche market in Medical X-ray...

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