Dialtech announced on the 13th that it has obtained final use procedure approval for its bendable (flexible) detectors (components that convert X-ray images into digital format) from Saudi Arabia's Aramco and the United Arab Emirates' ADNOC. Based on this, the company plans to accelerate its efforts to capture the global industrial non-destructive testing (NDT) market.
Dialtech emphasized that obtaining use approval from state-owned oil companies in Saudi Arabia and the UAE carries significant meaning as it validates the performance of its self-developed industrial bendable detectors. Until now, pipeline weld inspection has been predominantly conducted using analog methods with film. It is expected that the market penetration of digital non-destructive testing solutions, which offer superior inspection efficiency, will accelerate from here on.
Dialtech is strengthening the product diversity of its bendable detectors. Through active research and development, it developed 4-inch, 8-inch, and 16-inch models, and recently unveiled a product for inspecting small-diameter 2-inch pipelines. As a result, it has secured a full range of products capable of responding to pipelines from small diameters to Daegu diameters.
Dialtech is also expanding the supply of its bendable detectors in the North American market. This year, it supplied 16-inch Daegu-diameter pipeline inspection bendable detectors to Company A, the largest non-destructive testing specialist company in North America. It recently received additional approval for a product capable of inspecting small-diameter 2-inch pipelines and plans to supply it. Company A's annual revenue is 1.6 trillion won. Centered on the United States and Canada, it provides non-destructive testing and equipment management services across various industrial fields such as oil and gas, ships, chemicals, and aerospace.
In addition to the oil and gas sector, which holds the largest share in the non-destructive testing market, Dialtech is also pursuing entry into the precision non-destructive testing market in the aerospace and defense sector, the second-largest market. It is expanding the applicability of its industrial products to inspection fields requiring high precision, such as aircraft and military components.
Dialtech continues to grow its performance this year, driven by the simultaneous expansion of supply for detectors and X-ray systems (finished products). Its consolidated revenue for the first half of this year was 68.9 billion won, a 17% increase from the same period last year. This is an all-time high record for a semi-annual period. First-half operating profit was 1.3 billion won, marking a return to profitability.
A Dialtech official stated, "The final use approval from Aramco and ADNOC means that Dialtech's industrial bendable detectors have been recognized in the global oil and gas market for their technological capability and product competitiveness," adding, "We are also supplying our entire product line, including new small-diameter bendables, to Company A, the largest non-destructive testing specialist company in North America." The official further stated, "Digital transformation is rapidly progressing in the global industrial non-destructive testing market, so benefits are expected."
in THEBIO
