# Who are PNT (People & Technology)'s customers? Who does PNT (People & Technology) earn revenue from?
Canonical: https://valuechain.wiki/pnt · Facet: customers · Updated: 2026-07-12T06:27:18.453+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: PNT (People & Technology)'s confirmed revenue counterparties include 삼성SDI, SK Innovation (SK On), LG에너지솔루션 plus 2 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 5 revenue edges, backed by 5 dated sources, 1 of them primary filings (as of 2026-07-12).

### 삼성SDI (high)  → /samsung-sdi.md
- note: Samsung SDI is one of the three Korean cell makers buying PNT's electrode-process equipment (coaters, slitters).
- [confirms] DART (KRX filing) (KO, filing, published 2026-03-16) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260316000390: "The EV demand chasm delayed cell makers' capacity investment, sharply cutting PNT's results — 3Q-cumulative 2025 revenue -42.3%, operating profit -47.3%. Backlog was KRW 1.68tn at end-Q2, down 22.7% YoY (off the ~KRW 2tn peak). As a backlog-driven business its results track cell-maker capex cycles, and per-customer order values are undisclosed."
- [mentions] Mirae Asset Securities (KO, research, published 2025-08-01) https://securities.miraeasset.com/bbs/download/2138114.pdf: "Mirae Asset — cut target from KRW 66,000 to 53,000 (P/E 11x) on chasm-driven capex slowdown; LFP cathode, ESS and copper-foil are diversification axes."
- [confirms] Newspim (KO, news, published 2023-10-25) https://www.newspim.com/news/view/20231025000204: "Major customers include Samsung SDI, with equipment supplied to Korea's three makers and overseas battery firms."
- [confirms] Byline Network (KO, news, published 2022-07-15) https://byline.network/2022/07/15-195/: "PNT supplies roll-to-roll electrode-process equipment to all three Korean cell makers: LG Energy Solution, Samsung SDI and SK On."

### SK Innovation (SK On) (high)  → /sk-innovation.md
- note: SK On (SK Innovation's battery arm) is one of the three Korean cell makers using PNT's high-speed, wide-width electrode coaters and roll-to-roll lines.
- [confirms] DART (KRX filing) (KO, filing, published 2026-03-16) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260316000390: "The EV demand chasm delayed cell makers' capacity investment, sharply cutting PNT's results — 3Q-cumulative 2025 revenue -42.3%, operating profit -47.3%. Backlog was KRW 1.68tn at end-Q2, down 22.7% YoY (off the ~KRW 2tn peak). As a backlog-driven business its results track cell-maker capex cycles, and per-customer order values are undisclosed."
- [mentions] Mirae Asset Securities (KO, research, published 2025-08-01) https://securities.miraeasset.com/bbs/download/2138114.pdf: "Mirae Asset — cut target from KRW 66,000 to 53,000 (P/E 11x) on chasm-driven capex slowdown; LFP cathode, ESS and copper-foil are diversification axes."
- [mentions] Asia Economic Daily (EN, news, published 2024-05-09) https://view.asiae.co.kr/en/article/2024050914290717851: "PNT is described as a domestic supplier of coaters that apply active material onto current collectors and roll-to-roll rolling equipment that reduces electrode thickness."
- [confirms] Newspim (KO, news, published 2023-10-25) https://www.newspim.com/news/view/20231025000204: "PNT's major customers include SK Innovation (SK On), with an order backlog of about KRW 2 trillion."

### LG에너지솔루션 (high)  → /lg-energy-solution.md
- note: LG Energy Solution (including its LG Chem era) switched its electrode-coating equipment supplier from Japan's Hirano Techseed to PNT, adopting PNT electrode coaters and roll-to-roll lines; it is a core customer among Korea's three cell makers.
- [confirms] DART (KRX filing) (KO, filing, published 2026-03-16) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260316000390: "The EV demand chasm delayed cell makers' capacity investment, sharply cutting PNT's results — 3Q-cumulative 2025 revenue -42.3%, operating profit -47.3%. Backlog was KRW 1.68tn at end-Q2, down 22.7% YoY (off the ~KRW 2tn peak). As a backlog-driven business its results track cell-maker capex cycles, and per-customer order values are undisclosed."
- [mentions] Mirae Asset Securities (KO, research, published 2025-08-01) https://securities.miraeasset.com/bbs/download/2138114.pdf: "Mirae Asset — cut target from KRW 66,000 to 53,000 (P/E 11x) on chasm-driven capex slowdown; LFP cathode, ESS and copper-foil are diversification axes."
- [confirms] Newspim (KO, news, published 2023-10-25) https://www.newspim.com/news/view/20231025000204: "PNT's major customers are LG Energy Solution, Samsung SDI, SK Innovation and overseas battery makers, with an order backlog of about KRW 2 trillion (KRW 1,839B)."
- [confirms] Byline Network (KO, news, published 2022-07-15) https://byline.network/2022/07/15-195/: "PNT is a roll-to-roll secondary-battery equipment maker supplying electrode, separator and copper-foil equipment to Korea's three cell makers (LG Energy Solution, Samsung SDI, SK On), growing on localization demand after Japan's export controls."

### 해외 셀 제조사 (유럽·중국·미국) (mid)
- note: PNT exports roll-to-roll equipment to overseas battery makers in Europe, China and the US, with exports exceeding domestic sales.
- [confirms] DART (KRX filing) (KO, filing, published 2026-03-16) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260316000390: "The EV demand chasm delayed cell makers' capacity investment, sharply cutting PNT's results — 3Q-cumulative 2025 revenue -42.3%, operating profit -47.3%. Backlog was KRW 1.68tn at end-Q2, down 22.7% YoY (off the ~KRW 2tn peak). As a backlog-driven business its results track cell-maker capex cycles, and per-customer order values are undisclosed."
- [mentions] Mirae Asset Securities (KO, research, published 2025-08-01) https://securities.miraeasset.com/bbs/download/2138114.pdf: "Mirae Asset — cut target from KRW 66,000 to 53,000 (P/E 11x) on chasm-driven capex slowdown; LFP cathode, ESS and copper-foil are diversification axes."
- [mentions] Asia Economic Daily (EN, news, published 2024-05-09) https://view.asiae.co.kr/en/article/2024050914290717851: "PNT is described as a domestic supplier of coaters that apply active material onto current collectors and roll-to-roll rolling equipment that reduces electrode thickness."
- [confirms] Newspim (KO, news, published 2023-10-25) https://www.newspim.com/news/view/20231025000204: "PNT's major customers include overseas battery makers alongside Korea's three domestic cell makers."

### 동박·분리막 제조사 (동박·분리막 장비) (mid)
- note: Beyond cell electrode equipment, PNT supplies copper-foil production equipment and separator equipment, and is localizing Japanese-dominated parts (titanium drums) for copper-foil machines.
- [confirms] DART (KRX filing) (KO, filing, published 2026-03-16) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260316000390: "The EV demand chasm delayed cell makers' capacity investment, sharply cutting PNT's results — 3Q-cumulative 2025 revenue -42.3%, operating profit -47.3%. Backlog was KRW 1.68tn at end-Q2, down 22.7% YoY (off the ~KRW 2tn peak). As a backlog-driven business its results track cell-maker capex cycles, and per-customer order values are undisclosed."
- [mentions] Mirae Asset Securities (KO, research, published 2025-08-01) https://securities.miraeasset.com/bbs/download/2138114.pdf: "Mirae Asset — cut target from KRW 66,000 to 53,000 (P/E 11x) on chasm-driven capex slowdown; LFP cathode, ESS and copper-foil are diversification axes."
- [mentions] Newspim (KO, news, published 2023-10-25) https://www.newspim.com/news/view/20231025000204: "PNT makes copper-foil production equipment and is developing Japanese-dominated titanium drums via its Chinese subsidiary to fully localize copper-foil equipment."
- [confirms] Byline Network (KO, news, published 2022-07-15) https://byline.network/2022/07/15-195/: "PNT supplies equipment that coats material onto copper foil, a core battery material, as well as cathode, anode and separator production equipment."

Reverse side: https://valuechain.wiki/pnt/suppliers.md · Ripple: https://valuechain.wiki/pnt/ripple.md

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Full node: https://valuechain.wiki/pnt.md · JSON: https://valuechain.wiki/pnt.json