Core Insights - Langsi Technology has been selected for the Hong Kong Innovation and Technology Commission's "Industry-Academia-Research 1+ Program," expected to receive nearly HKD 100 million in funding support [4] - The company plans to complete a new round of financing this year to expand into energy, semiconductors, and life sciences [4] Company Overview - Founded in 2020, Langsi Technology is one of the few domestic manufacturers of laser analysis instruments that has achieved full independent research and development [3][4] - The company specializes in high-precision laser gas analyzers, gas sensors, and laser remote sensing instruments, covering over 20 major gas molecules for real-time online analysis [4] Market Context - The global laser analysis equipment market is nearly HKD 43.3 billion per year, with an annual growth rate of 16.6% [6] - The industry is highly concentrated, with companies like ABB and PICARRO dominating technology and market share [6] Product Innovations - Langsi has developed the first domestic laser online hydrogen analyzer, addressing a gap in hydrogen concentration detection in specific mid-infrared laser wavelengths [6] - The MT01 modular laser gas analyzer series allows for targeted disassembly based on measurement goals, addressing customization needs in the gas analysis market [6] Expansion into New Markets - The MT01 has expanded from the energy sector to the semiconductor wafer processing industry, which has a market size of USD 3.5 billion per year and a growth rate of 19.1% [7] - Langsi is also entering the competitive laser remote sensing market with its LRS series, focusing on long-distance scanning capabilities [7][9] Technological Advancements - The LRS-ULTRA remote sensing instrument can measure distances over 500 meters, surpassing the typical 300-meter limit of existing products [9] - The LRS-MINI is a lightweight module weighing less than 80 grams, designed for drone applications in large-scale inspections [9] Strategic Collaborations - Langsi has partnered with leading domestic wafer manufacturers and robotics companies to enhance its product offerings and market reach [7][10] - The company aims to leverage its remote sensing technology for applications in pipeline inspections and methane leak monitoring [10] Future Projections - The LRS series is expected to contribute over 50% of Langsi's revenue in the next two years [12]