March 8, 2021

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World wide DC-DC Converter Industry Chief EGTRONICS Wins the Korean SME Technological know-how Innovation Award

SAN JOSE, Calif.–(Organization WIRE)–Jan 29, 2021– EGTRONICS Co., Ltd. has just lately been awarded with...

SAN JOSE, Calif.–(Organization WIRE)–Jan 29, 2021–

EGTRONICS Co., Ltd. has just lately been awarded with the “2020 Korean Smaller and Medium Enterprise Organization Awards” in the technologies innovation classification by the South Korean Ministry of Trade, Market and Energy (MOTIE) and the Ministry of SMEs and Startups (MSS).

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EGTRONICS Dongtan R&D Heart (Picture: Organization Wire)

Founded in 2008, EGTRONICS is a Korean producer of electric auto parts and conversation ability supplies and is a critical husband or wife of key domestic and overseas eco-welcoming auto manufacturers and 5G cell interaction corporations.

It has been broadly regarded for its competitiveness in the industry by acquiring higher-effectiveness, lower-noise circuit technology for converter and inverter goods, which are key components of electric powered automobiles. The company was capable to reach an electrical electrical power conversion effectiveness of 97% in comparison to the competitors’ efficiency ranking of 80 to 90%.

Corporation Engineering Use Situations

EGTRONICS provided important components of hydrogen electric powered buses that operated in the course of the 2018 PyeongChang Olympics. The corporation has been a provider to Hyundai Motors considering that 2009 and turned the sole provider for gas-mobile electrical vehicles of Hyundai Motors.

Noteworthy Solutions: DC-DC Converter and MCU

The company’s flagship merchandise is the DC-DC converter which optimizes the battery potential through its particular algorithm. It is a main merchandise for the eco-helpful vehicle and can be applicable from passenger use to professional use these types of as buses and trucks. EGTRONICS is a worldwide leader in DC-DC converter production as it is the only business in the entire world to create converters that are specialized for 10kW potential batteries.

Through about two many years of exploration, EGTRONICS had succeeded in acquiring the Motor Manage Unit (MCU) which integrates electricity inverter and battery charger in a modular type.

The MCU delivers many benefits such as decreasing the volume and pounds of the pieces as very well as rising the fuel efficiency of an EV. It also minimizes the electrical sounds of the factors which increases the stability of the system.

Investments and Enlargement

The buyers expect the business will be participating in a significant role in the growing EV market due to its know-how and probable. EGTRONICS has currently gained investments of USD 7 million from key venture cash organizations this kind of as KB Financial investment, BNK Ventures, and Intervalue Associates. The investors’ assurance in the company will come from the actuality that it is the world’s very first enterprise to commercialize both of those the converters and the inverters.

The company exports its professional automobile areas to Europe and North The us while supplying areas for tiny automobiles these types of as bikes to India. Turkey’s Bozankaya and Poland’s WB Group are some of the most important partners.

To accommodate the improve in desire, a new creation facility will be in operation in 2021, which will double its generation capacity to 300,000 models for each calendar year. In addition, its R&D heart has just lately completed the building.

“The 10 decades of R&D of our enterprise will give EGTRONICS the edge to compete with any enterprise in the planet,” reported Chan-Ho Kang, the CEO.

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Call: Charles Chung / America Department President

[email protected]

Key phrase: CALIFORNIA SOUTH KOREA UNITED STATES NORTH The us ASIA PACIFIC

Market Search term: Technological innovation UTILITIES OTHER Technological innovation AUTOMOTIVE Production TELECOMMUNICATIONS Production Option Power Software package Vitality

Source: EGTRONICS Co., Ltd.

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PUB: 01/29/2021 07:00 PM/DISC: 01/29/2021 07:00 PM

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