Tentech Co., Ltd. (CEO Han Dong-Ok) announced that cumulative sales of 10THERMA exceeded 500 units within a year of its launch.
An official from Tentech Co., Ltd. said, “Sales of 10THERMA with a 5cm² tip are rapidly increasing because the tip size is 5㎠, which is 20% larger than the existing equipment (4cm²), and can transmit 20% more heat energy, making it more effective in collagen production.” revealed.
Dong-Ok Han, CEO of Tentech Co., Ltd., said, “We have shown successful sales performance by selling 500 units in one year, and we aim to increase domestic sales to 1,000 units by next year and to 2,000 units in the next two years.” He expressed his ambition.
Representative Han continued, "Currently, 10THERMA's export contract is progressing smoothly. We plan to enter the US market as soon as FDA certification is issued at the end of the year and are discussing distribution contracts with leading US companies. In particular, licensing is in progress in China as well. "Considering the large market, we plan to distribute the copyright to several companies. In addition, we have established a branch in Japan and are attending dermatology and plastic surgery conferences and exhibitions to promote and sell products," he said, expressing his determination to pioneer overseas markets.
Additionally, '10THERMA' has currently signed exclusive contracts with Taiwan, Hong Kong, Singapore, Malaysia, Indonesia, Vietnam, Thailand, Philippines, Russia, Uzbekistan, Kazakhstan, and UAE. Additionally, once approval is granted, exclusive contracts are scheduled to be signed with the United States, Brazil, Argentina, Mexico, India, Saudi Arabia, Qatar, Kuwait, Lebanon, Australia, and Armenia. Cumulative sales of the 2-line HIFU 10THERA have exceeded 400 units, and it is being sold in Saudi Arabia, Taiwan, Thailand, Russia, Kazakhstan, and Uzbekistan under exclusive contracts. He added, “We are also in the process of licensing in South America, which has a large market, and we expect significant sales to occur once approval is granted.”
There are 9 types of medical devices scheduled to be released within one or two years. Normally, it is difficult to release one type of equipment a year, but Tentech is preparing to sequentially release nine types of medical devices. Most of the nine types of medical devices are groundbreaking products that break the mold of existing equipment. Among them, high-frequency equipment scheduled to be released in the spring of next year is expected to receive great attention in the market by applying a spray cooling method. In terms of HIFU equipment, we plan to release three additional types of HIFU equipment in addition to the existing 10THERA, OneTHERA, and Lipothera.
In the long term, treatment devices for skin diseases are being researched with 2.3 billion won in government funding, and ophthalmic equipment is also being researched and developed.
Rejevan PN, a Rejevan brand product, is a skin booster product with the same ingredients as Rejuran. Tentech launched Regevan PN last September and sold out 20,000 units in just one and a half months, demonstrating its sales power.
Tentech recently attracted 3 billion won in investment from institutions at a value of 100 billion won, and plans to use the invested amount to develop 9 types of groundbreaking medical devices that will be released soon and to obtain overseas licensing.
Reporter Go Moonsoon (komoonsoon@mt.co.kr)
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