World DC-DC Converter Market Chief EGTRONICS Wins the Korean SME Know-how Innovation Award | Business enterprise

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

EGTRONICS Co., Ltd. has lately been awarded with the “2020 Korean Modest and Medium Venture Business Awards” in the technological innovation innovation group by the South Korean Ministry of Trade, Marketplace and Electrical power (MOTIE) and the Ministry of SMEs and Startups (MSS).

This press launch attributes multimedia. Look at the entire launch listed here:

EGTRONICS Dongtan R&D Heart (Photo: Business Wire)

Recognized in 2008, EGTRONICS is a Korean maker of electric powered auto pieces and conversation energy supplies and is a crucial partner of key domestic and overseas eco-friendly car companies and 5G cell conversation businesses.

It has been greatly regarded for its competitiveness in the business by developing higher-performance, minimal-sound circuit know-how for converter and inverter merchandise, which are crucial areas of electrical autos. The company was ready to reach an electrical power conversion effectiveness of 97% when compared to the competitors’ effectiveness score of 80 to 90%.

Company Technological know-how Use Cases

EGTRONICS equipped vital factors of hydrogen electric buses that operated all through the 2018 PyeongChang Olympics. The enterprise has been a supplier to Hyundai Motors given that 2009 and turned the sole supplier for gas-cell electric vans of Hyundai Motors.

Notable Products and solutions: DC-DC Converter and MCU

The company’s flagship solution is the DC-DC converter which optimizes the battery ability as a result of its particular algorithm. It is a core item for the eco-pleasant car or truck and can be applicable from passenger use to business use this kind of as buses and trucks. EGTRONICS is a global leader in DC-DC converter production as it is the only firm in the earth to generate converters that are specialised for 10kW ability batteries.

Via in excess of two years of exploration, EGTRONICS experienced succeeded in building the Motor Regulate Unit (MCU) which integrates electric power inverter and battery charger in a modular type.

The MCU delivers many gains these as lowering the volume and excess weight of the components as well as escalating the gas efficiency of an EV. It also minimizes the electrical sound of the factors which enhances the security of the process.

Investments and Growth

The traders count on the company will be taking part in a big function in the escalating EV industry owing to its technologies and likely. EGTRONICS has by now gained investments of USD 7 million from key enterprise capital providers this kind of as KB Financial commitment, BNK Ventures, and Intervalue Companions. The investors’ assurance in the firm arrives from the simple fact that it is the world’s first corporation to commercialize both the converters and the inverters.

The firm exports its business automobile areas to Europe and North The united states even though providing parts for smaller automobiles this sort of as bikes to India. Turkey’s Bozankaya and Poland’s WB Team are some of the primary associates.

To accommodate the raise in need, a new output facility will be in procedure in 2021, which will double its generation capability to 300,000 units for every calendar year. In addition, its R&D middle has just lately done the construction.

“The 10 several years of R&D of our firm will give EGTRONICS the edge to contend with any company in the globe,” reported Chan-Ho Kang, the CEO.

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Make contact with: Charles Chung / The united states Branch President

[email protected]


Field Key phrase: Technology UTILITIES OTHER Engineering AUTOMOTIVE Production TELECOMMUNICATIONS Production Option Power Software program Power

Supply: EGTRONICS Co., Ltd.

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

Copyright Small business Wire 2021.