In the rapidly evolving landscape of technology and innovation, Beijing PSI Precision Control Technology Co., Ltd., commonly referred to as PSI, has made significant strides as a core component manufacturer in the field of laser scanning controlThe company recently completed a strategic financing round exclusively led by Hillhouse Capital, marking a pivotal moment for its future endeavorsThe funds raised in this round are set to enhance the company's technological optimization, product development, and market expansion efforts, all aimed at addressing the surging global demand for laser applications.

Founded in April 2018, PSI began as a joint venture in Beijing between Precision Scan Inc., a Canadian firm specializing in beam scanning control technology, and local stakeholdersThe primary focus of PSI has been on the research and manufacturing of scanning mirrors and other essential components, which have applications across diverse sectors—including laser marking, engraving, resistance adjustment, welding, drilling, cleaning, slicing, and additive manufacturing

In November 2023, the company transitioned into a domestic enterprise controlled by Zheng Mingchun, emphasizing its commitment to local development and innovation.

Scanning mirrors are recognized as critical upstream components in the additive manufacturing sectorHowever, the industry has been hampered by reliance on foreign technology, particularly from Europe and North AmericaStatistics reveal a staggering 85% of high-end scanning mirrors in China were imported in 2022. This overwhelming reliance on foreign suppliers underscores the urgent need for breakthroughs in domestic high-end scanning mirror technology, a market currently dominated by international entities such as Scanlab and RaylaseConsequently, the pressure to establish a robust domestic production capability has never been more vital.

Seizing this need, PSI's founding team—comprising professionals with extensive backgrounds in the laser scanning field—has achieved remarkable milestones

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They have successfully broken through various technological barriers imposed by foreign entities, securing intellectual property across a full spectrum of core components such as motors, drives, sensors, control cards, and softwareTheir efforts have culminated in the development of numerous innovative products, positioning PSI at the forefront of domestic high-end scanning mirror manufacturing.

PSI has made significant advancements in three core metrics essential to laser precision processing: high precision, high speed, and low temperature driftThese breakthroughs have effectively addressed the industry’s technological bottlenecksThe firm offers a series of 2D and 3D optical scanning products tailored to meet the specific demands of varied applicationsNotably, the performance indicators of their flagship products—the scanning mirrors and dynamic focusing systems—have outstripped those of competing products in the sector, often reaching international benchmarks

This progress has notably augmented the market share of domestic scanning mirrors in the mid-to-high-end applications.

The implications of PSI's advancements span numerous industries, including new energy vehicles, solar cells, 3D printing, semiconductors, precision micro-manufacturing, and medical equipmentAccording to projections, the global scanning mirror market is expected to soar to approximately 7 billion RMB by 2024, with an impressive growth trajectory that could exceed 10 billion RMB by 2028. Such figures not only highlight the potential for expanded market presence but also underscore the critical role of scanning mirrors in supporting industry growth.

As of the end of 2024, PSI's market share in scanning mirrors is skyrocketing, bolstered by their high-efficiency products and robust solutions for precision laser processing equipment and high-end optical research and development devices

Their cutting-edge technology and superior quality have garnered the trust and loyalty of clients in both domestic and international mid-to-high-end marketsThe company has established long-term strategic partnerships with leading enterprises such as BYD, CATL, and Plentiful Technology, firmly entrenching its place in the industry.

Zheng Mingchun, the Chairman of PSI, emphasizes the company's commitment to meeting the evolving demands of smart manufacturing“In today’s wave of intelligent manufacturing, high-end laser precision processing is continuously moving toward higher standards,” he stated“The market expansion is robust, and with the support of partners like Hillhouse and Plentiful Technology, we are confident in our ability to leverage ongoing research and product innovation to apply PSI products across even more fieldsWe aim to revitalize global laser applications with high-quality domestic alternatives and contribute significantly to the advancement of the industry

We also look forward to welcoming more outstanding talents to join PSI as we strive to become a leading enterprise in global laser scanning control.”

The project lead from Hillhouse Capital echoed this sentiment, underlining the crucial role of lasers in the upscale manufacturing trend“As a core unit in laser precision processing, scanning mirrors hold a vital position in the development of the laser industry,” they remarked“The PSI team’s dedication to continuous research and development has successfully disrupted the dominance of foreign brands in the high-end scanning mirror space, achieving substantial breakthroughs across various sectors, including 3C devices, lithium batteries, photovoltaics, and 3D printingThe exceptional performance characteristics of PSI’s products—marked by high precision, high speed, and low temperature drift—make them the preferred choice for customers in the mid-to-high-end mirror market.” Looking ahead, Hillhouse Capital believes that PSI will continue to win customers and grow its market share through sustained product innovation, thereby providing high-performance and reliable solutions that create lasting value for customers and the industry at large.