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Global marketplace leader in DC-DC converters EGTRONICS wins the Korean SME Engineering Innovation Award | Enterprise

Information Highlights: International market place chief in DC-DC converters EGTRONICS wins the Korean SME Technology Innovation Award | Corporation

SAN JOSE, Calif .– (Small business WIRE) – January 29, 2021–

EGTRONICS Co., Ltd. was recently awarded the “2020 Korean Smaller and Medium Undertaking Business Awards” in the Technological know-how Innovation class by the South Korean Ministry of Trade, Sector and Strength (MOTIE) and the Ministry of SMEs and Startups (MSS). .

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EGTRONICS Dongtan R&D Middle (Image: Enterprise Wire)

Recognized in 2008, EGTRONICS is a Korean producer of electrical auto components and interaction ability supplies and is an significant partner of big domestic and overseas environmentally welcoming automobile brands and 5G mobile conversation firms.

It is commonly identified for its competitiveness in the sector via the development of hugely economical, small-sound circuit technology for inverters and inverter products, which are vital components of electrical motor vehicles. The organization was in a position to reach an electrical electricity conversion effectiveness of 97% in comparison to the competitors’ performance of 80 to 90%.

Business Know-how Use circumstances

EGTRONICS supplied the key parts of hydrogen electrical buses in use for the duration of the 2018 Olympic Video games in PyeongChang. The corporation has been a provider to Hyundai Motors given that 2009 and became the sole provider of fuel mobile electric powered trucks from Hyundai Motors.

Notable Products and solutions: DC-DC Converter and MCU

The company’s flagship merchandise is the DC-DC converter that optimizes battery capacity as a result of its special algorithm. It is a core product or service for the eco-pleasant motor vehicle and can be applied from passenger use to industrial use these kinds of as buses and vans. EGTRONICS is a planet leader in the manufacture of DC-DC converters as it is the only corporation in the entire world that produces inverters specializing in batteries with a ability of 10 kW.

Immediately after additional than two a long time of study, EGTRONICS has succeeded in acquiring the Motor Regulate Device (MCU) that integrates inverter and battery charger in a modular variety.

The MCU delivers a number of rewards, these as minimizing the quantity and pounds of the parts and increasing the gasoline performance of an EV. It also minimizes electrical noise from the parts, which improves the security of the method.

Investments and expansion

The traders assume the firm to participate in a huge role in the escalating EV industry due to the fact of its technological innovation and potential. EGTRONICS has by now received $ 7 million in investments from major venture funds providers this kind of as KB Investment decision, BNK Ventures and Intervalue Partners. Investors’ confidence in the enterprise stems from the truth that it is the world’s first company to marketplace the two converters and inverters.

The enterprise exports its industrial motor vehicle pieces to Europe and North The usa and materials parts for smaller vehicles this kind of as motorcycles to India. The Turkish Bozankaya and the Polish WB Team are some of the most significant partners.

To fulfill increasing demand, a new manufacturing facility will be in procedure in 2021, doubling creation potential to 300,000 units for each year. In addition, the R&D center has a short while ago done building.

“Our company’s 10 several years of R&D will give EGTRONICS an edge to contend with any enterprise in the entire world,” reported Chan-Ho Kang, CEO.

Watch the supply model at businesswire.com:https://www.businesswire.com/information/property/20210129005644/en/

Contact: Charles Chung / President of the US business

[email protected]

Keyword: CALIFORNIA SOUTH KOREA UNITED STATES NORTH The us ASIA PACIFIC

Vital Phrase Sector: Technology Assistance Systems OTHER Technologies AUTOMOTIVE Production TELECOMMUNICATION Creation Alternative Vitality Software program Vitality

Source: EGTRONICS Co., Ltd.

Copyright Organization Wire 2021.

PUB: 29/01/2021 7:00 pm / DISC: 29/01/2021 7:00 pm

http://www.businesswire.com/information/house/20210129005644/en

Copyright Enterprise Wire 2021.

By way of: www.valdostadailytimes.com

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