Company Overview#
IOMTEK makes upcycled materials. The company develops composite materials and functional films from waste plastics and industrial by-products. Its durable structural materials and thermal insulation films help lower industrial carbon footprints and support resource circularity.
Technology & Product#
IOMTEK offers two primary technology and product categories:
- Composite Materials: Upcycled structural materials made from industrial by-products and waste plastic. They offer mechanical durability and cost-efficiency. Applications include aviation, defense, automotive, electronics, and robotics components.
- Climate-Responsive Films: Durable insulation films made from recycled polymers. They provide thermal insulation, climate resilience, and energy conservation.
Market & Use Cases#
IOMTEK serves industries that use large volumes of structural polymers and insulation materials: construction, civil engineering, transport, and manufacturing. Key use cases include recycled composite panels, railway sleepers, industrial packaging, and energy-saving building wraps.
Traction & References#
- IOMTEK was founded in August 2020 as the first corporate spin-off from POSCO’s internal startup incubation program.
- The company secured Seed investment from POSTECH Holdings in 2020 and follow-on funding from Future Science & Technology Holdings in 2021.
- IOMTEK was selected for the TIPS startup incubator program in April 2021.
- The company was selected by the Korea Railroad Research Institute (KRRI) in June 2021 to develop composite railway sleepers.
Collaboration Relevance#
- Civil engineering firms and rail operators can work with IOMTEK to test and deploy upcycled composite sleepers and panels for public infrastructure.
- Automotive and industrial equipment manufacturers can partner with IOMTEK to prototype composite parts that meet mechanical strength standards.
- Real estate developers and insulation installers can run PoCs with IOMTEK’s climate-responsive films to improve building thermal performance and earn carbon credits.