ITM Secures Order for KT&G’s New Heated Tobacco Product Lil Hybrid 4.0, Set to Launch in 2026

Key points:

·ITM Semiconductor has secured an order from the major South Korean tobacco group KT&G for their new heated tobacco product "Lil Hybrid 4.0." 

·The new product is scheduled to be launched in 2026 with significant upgrades in functionality.

·ITM Semiconductor will expand its domestic and international product line of heated tobacco devices to solidify its position as the largest supplier of heated tobacco products for KT&G.

【2Firsts News Flash】According to a report from Metro Seoul on July 28th, ITM Semiconductor has successfully secured an order for the new heated tobacco product "Lil Hybrid 4.0" from the South Korean tobacco conglomerate KT&G.

In mid-July, ITM Semiconductor signed a supply contract with KT&G for Lil Hybrid 4.0 and announced the news on the 28th.

The new product that received the order is planned to be launched in 2026. Compared to existing models, its features have been significantly upgraded, including super fast charging, shortened preheating time, increased liquid capacity, and a pod function that displays the remaining amount.

Therefore, the company is accelerating the upgrade of its tobacco product production technology to meet customers' new demands. With this new order, ITM Semiconductor is poised to further expand its range of heating tobacco product equipment for both domestic and global markets, significantly increasing pod production.

In particular, through this contract, ITM Semiconductor has secured orders for Lil Hybrid 4.0, in addition to ensuring the production of the current Lil Hybrid 3.0 and future products for the global market. This further solidifies their position as the supplier with the most orders for heated tobacco products among KT&G's partner companies.

ITM Semiconductor's heated tobacco product business achieved sales of 117.2 billion Korean won (approximately 100 million US dollars) last year, representing a 22% year-on-year increase. With products from previous orders set to be produced starting in the second half of 2025 and full supply of all models expected to begin in 2026, the company is poised to achieve substantial growth in sales.

Representative of ITM Semiconductor, Mr. Nahevi, stated:

“The heated tobacco product business has been rapidly growing each year, driving the overall performance of the company. We will strive to achieve future growth and increase shareholder value through continued business diversification and new technology development.”