Information Highlights: Worldwide marketplace leader in DC-DC converters EGTRONICS wins the Korean SME Know-how Innovation prize
SAN JOSE, Calif .– (Enterprise WIRE) –EGTRONICS Co., Ltd. was recently awarded the “2020 Korean Little and Medium Undertaking Organization Awards” in the Know-how Innovation classification by the South Korean Ministry of Trade, Market and Vitality (MOTIE) and the Ministry of SMEs and Startups (MSS). .
Proven in 2008, EGTRONICS is a Korean maker of electric automobile sections and communication energy supplies and is an essential companion of significant domestic and foreign environmentally helpful car or truck producers and 5G cellular conversation organizations.
It is broadly regarded for its competitiveness in the market through the advancement of highly economical, lower-sound circuit engineering for inverters and inverter products, which are significant factors of electrical cars. The corporation was in a position to realize an electrical vitality conversion effectiveness of 97% in comparison to the competitors’ effectiveness of 80 to 90%.
Business Technological innovation Use conditions
EGTRONICS supplied the most important factors of hydrogen electric buses in use in the course of the 2018 Olympic Video games in PyeongChang. The corporation has been a provider to Hyundai Motors considering that 2009 and grew to become the sole supplier of gasoline cell electrical vehicles from Hyundai Motors.
Noteworthy Goods: DC-DC Converter and MCU
The company’s flagship solution is the DC-DC converter that optimizes battery capability by means of its unique algorithm. It is a core merchandise for the eco-welcoming vehicle and can be used from passenger use to business use these kinds of as buses and vans. EGTRONICS is a entire world chief in the manufacture of DC-DC converters as it is the only firm in the entire world that generates inverters specializing in batteries with a ability of 10 kW.
Following extra than two many years of study, EGTRONICS has succeeded in building the Motor Manage Unit (MCU) that integrates inverter and battery charger in a modular kind.
The MCU gives a number of rewards, this sort of as decreasing the quantity and weight of the parts and rising the gasoline performance of an EV. It also minimizes electrical sounds from the parts, which enhances the stability of the system.
Investments and expansion
The buyers assume the organization to engage in a huge job in the escalating EV market simply because of its technologies and prospective. EGTRONICS has by now gained $ 7 million in investments from important enterprise capital firms these kinds of as KB Financial investment, BNK Ventures and Intervalue Companions. Investors’ self confidence in the company stems from the fact that it is the world’s to start with company to current market both equally converters and inverters.
The company exports its professional auto areas to Europe and North The us and materials components for little autos these types of as bikes to India. The Turkish Bozankaya and the Polish WB Group are some of the most crucial companions.
To satisfy growing need, a new creation facility will be in operation in 2021, doubling creation capacity to 300,000 models for every 12 months. In addition, the R&D centre has recently completed construction.
“Our company’s 10 a long time of R&D will give EGTRONICS an edge to compete with any organization in the globe,” said Chan-Ho Kang, CEO.
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