World-wide market place chief in DC-DC converters EGTRONICS wins the Korean SME Technological innovation Innovation Award | Corporation
News Highlights: Worldwide market place chief in DC-DC converters EGTRONICS wins the Korean SME Technology Innovation Award | Business
SAN JOSE, Calif .– (Business WIRE) – January 29, 2021–
EGTRONICS Co., Ltd. was lately awarded the “2020 Korean Little and Medium Enterprise Small business Awards” in the Technological innovation Innovation classification by the South Korean Ministry of Trade, Sector and Energy (MOTIE) and the Ministry of SMEs and Startups (MSS). .
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EGTRONICS Dongtan R&D Middle (Image: Enterprise Wire)
Founded in 2008, EGTRONICS is a Korean producer of electric auto parts and interaction electricity materials and is an essential spouse of major domestic and international environmentally friendly car producers and 5G mobile conversation businesses.
It is widely identified for its competitiveness in the business as a result of the enhancement of extremely productive, reduced-sounds circuit engineering for inverters and inverter goods, which are vital components of electric powered automobiles. The firm was able to reach an electrical power conversion performance of 97% compared to the competitors’ effectiveness of 80 to 90%.
Enterprise Technological know-how Use scenarios
EGTRONICS provided the primary factors of hydrogen electrical buses in use in the course of the 2018 Olympic Game titles in PyeongChang. The business has been a supplier to Hyundai Motors due to the fact 2009 and became the sole supplier of fuel cell electric trucks from Hyundai Motors.
Noteworthy Products: DC-DC Converter and MCU
The company’s flagship products is the DC-DC converter that optimizes battery capability by means of its unique algorithm. It is a main products for the eco-friendly automobile and can be applied from passenger use to business use this sort of as buses and trucks. EGTRONICS is a globe leader in the manufacture of DC-DC converters as it is the only company in the environment that creates inverters specializing in batteries with a capacity of 10 kW.
Soon after a lot more than two several years of analysis, EGTRONICS has succeeded in producing the Motor Handle Unit (MCU) that integrates inverter and battery charger in a modular form.
The MCU delivers a number of gains, these kinds of as lessening the volume and pounds of the components and expanding the fuel efficiency of an EV. It also minimizes electrical sounds from the elements, which improves the steadiness of the system.
Investments and expansion
The buyers expect the enterprise to engage in a major part in the escalating EV market place because of its know-how and prospective. EGTRONICS has by now gained $ 7 million in investments from significant enterprise capital organizations this kind of as KB Investment, BNK Ventures and Intervalue Partners. Investors’ self esteem in the corporation stems from the simple fact that it is the world’s first company to market place both of those converters and inverters.
The enterprise exports its professional car elements to Europe and North The united states and materials areas for tiny vehicles such as bikes to India. The Turkish Bozankaya and the Polish WB Team are some of the most critical companions.
To meet raising demand, a new manufacturing facility will be in procedure in 2021, doubling generation capability to 300,000 models for each 12 months. In addition, the R&D middle has not too long ago done development.
“Our company’s 10 yrs of R&D will give EGTRONICS an edge to contend with any organization in the entire world,” stated Chan-Ho Kang, CEO.
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Call: Charles Chung / President of the US business
Search term: CALIFORNIA SOUTH KOREA UNITED STATES NORTH The usa ASIA PACIFIC
Key Word Market: Technological innovation Enable Applications OTHER Technology AUTOMOTIVE Production TELECOMMUNICATION Manufacturing Choice Energy Application Electrical power
Source: EGTRONICS Co., Ltd.
Copyright Business Wire 2021.
PUB: 29/01/2021 7:00 pm / DISC: 29/01/2021 7:00 pm
http://www.businesswire.com/news/dwelling/20210129005644/en
Copyright Enterprise Wire 2021.
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