Purpose and business model

As a trailblazing, leading tech company in radio frequency power and x-ray technology, we want to make a growing contribution to a safer, more efficient, and sustainable world of manufacturing, communication, and mobility – innovating for sustainable progress.

Our high-tech products and services create value for countless people. Part of this value comes from setting goals that go beyond shareholder returns. In everything we do, we aim to balance economic, environmental, and social aspects to thus support a sustainable future and profitable long-term growth.

Our ESG program serves as a compass for managing our environmental footprint, taking responsibility for our employees, and satisfying the highest standards of compliance and governance. Our focus is on the long term.

Along our value chain, we rely on numerous resources to manufacture our products and provide our services. This is always done with the aim of using these resources as efficiently as possible and of minimizing the risks associated with their procurement.

Since our strategic refocusing in 2019, we concentrate on our traditional technology areas of plasma control and x-ray, as well as on expanding our service business, which is based on the growing use of artificial intelligence and machine learning in all areas of life. By focusing on these two technologies, we want to exploit the considerable potential of the digital world.

We invest a high proportion of our profit in targeted long-term and sustainable growth. Access to sufficient equity and debt capital is ensured by our company’s balanced and conservative financial policy. Operating from this position of financial strength, we have consistently delivered value for our stakeholders over the past decades. Our success story is reflected in high awareness of the Comet brand among customers and competitors. Thanks to our strong positioning, solid financial footing, secure access to capital, and the successful implementation of our focus strategy, we are growing our business.

We target the core markets of semiconductors and electronics, both demonstrating long-term structural growth. These two markets are and will remain central for us – despite their cyclical nature. Forecasts predict high single-digit growth for the semiconductor market until 2030. Demand for sensors and microchips is also rising steadily in traditional industries. We therefore expect to generate over 80% of our sales with high-tech x-ray and plasma control solutions for the semiconductor and electronics market in the coming years.

The Plasma Control Technology (PCT) division is fully exposed to the semiconductor market, while the X-Ray Systems (IXS) and X-Ray Modules (IXM) divisions also serve a range of other industrial end markets – including automotive, aerospace, and security – by providing non-destructive testing solutions for materials and components. The semiconductor and electronics market holds significant potential for all three divisions, while the traditional industries present attractive opportunities, especially in innovative areas like battery testing for electric vehicles. Our diversified market focus positions us well to leverage current and future trends. By anticipating customer needs and investing proactively, we help customers succeed with our cutting-edge technologies.

We conduct our business through three distinct divisions, all operating under a unified corporate structure. This strategic approach allows each division to remain flexible and agile while leveraging the benefits of a cohesive strategic framework, shared resources, and operational synergies. Our targeted product portfolio is delivered through these divisions.

The Plasma Control Technology (PCT) division specializes in radio-frequency technology across three product lines:

The two x-ray divisions X-Ray Systems (IXS) and X-Ray Modules (IXM) offer:

As a globally active company with Swiss roots, we generate more than 99% of our sales in the key regions of Asia, North America, and Europe. As an important supplier to the dynamic semiconductor industry, we ensure proximity to our customers through strategic site selection. The choice of location also significantly influences the selection of our suppliers and the design of efficient supply chains. In view of the trend toward regionalization in semiconductor manufacturing, we must be able to adapt our production network quickly and flexibly.

The semiconductor industry and its suppliers, including Comet, face various challenges in connection with climate change. The production of semiconductors consumes significant amounts of electricity, water, and process gases, contributing to a substantial CO₂ footprint. Traditional industries such as automotive, aerospace, or security also require solutions to reduce climate-damaging emissions. Through sustainable investments and strategic innovation, we aim to help these industries meet environmental challenges while continuing to create value for stakeholders.

At Comet, we prioritize sustainability across all operations, recognizing our continuous corporate responsibility toward employees, the environment, the economy, and society. This commitment drives us to uphold the highest standards in all areas of our work.

As a close and trusted partner to our customers, we want to:

A more detailed description of our approach to addressing environmental, social, and governance topics can be found in the sections on the individual material topics in this report.