Information Highlights: Global current market leader in DC-DC converters EGTRONICS wins the Korean SME Technological innovation Innovation prize
SAN JOSE, Calif .– (Business WIRE) –EGTRONICS Co., Ltd. was recently awarded the “2020 Korean Little and Medium Enterprise Small business Awards” in the Engineering Innovation classification by the South Korean Ministry of Trade, Industry and Electrical power (MOTIE) and the Ministry of SMEs and Startups (MSS). .
Proven in 2008, EGTRONICS is a Korean producer of electric vehicle areas and conversation energy provides and is an important associate of major domestic and international environmentally pleasant automobile brands and 5G cell conversation companies.
It is extensively regarded for its competitiveness in the industry via the advancement of highly productive, minimal-sound circuit technological know-how for inverters and inverter items, which are significant factors of electrical vehicles. The company was in a position to attain an electrical energy conversion performance of 97% as opposed to the competitors’ performance of 80 to 90%.
Company Technological know-how Use cases
EGTRONICS provided the primary components of hydrogen electrical buses in use during the 2018 Olympic Online games in PyeongChang. The enterprise has been a supplier to Hyundai Motors given that 2009 and grew to become the sole supplier of gas cell electric vehicles from Hyundai Motors.
Noteworthy Items: DC-DC Converter and MCU
The company’s flagship solution is the DC-DC converter that optimizes battery capability through its special algorithm. It is a core product for the eco-helpful car or truck and can be applied from passenger use to commercial use this sort of as buses and trucks. EGTRONICS is a planet leader in the manufacture of DC-DC converters as it is the only enterprise in the world that makes inverters specializing in batteries with a ability of 10 kW.
After more than two several years of research, EGTRONICS has succeeded in establishing the Motor Manage Unit (MCU) that integrates inverter and battery charger in a modular form.
The MCU presents many gains, this sort of as cutting down the quantity and pounds of the elements and increasing the fuel effectiveness of an EV. It also minimizes electrical sounds from the parts, which enhances the balance of the procedure.
Investments and expansion
The traders expect the enterprise to perform a large purpose in the growing EV marketplace because of its technologies and probable. EGTRONICS has presently received $ 7 million in investments from important venture cash providers this sort of as KB Investment decision, BNK Ventures and Intervalue Partners. Investors’ self confidence in the business stems from the fact that it is the world’s to start with enterprise to sector both converters and inverters.
The business exports its industrial motor vehicle elements to Europe and North America and supplies parts for little cars this kind of as bikes to India. The Turkish Bozankaya and the Polish WB Team are some of the most vital companions.
To satisfy rising demand, a new output facility will be in procedure in 2021, doubling creation ability to 300,000 models per year. In addition, the R&D heart has not long ago completed development.
“Our company’s 10 several years of R&D will give EGTRONICS an edge to compete with any business in the world,” stated Chan-Ho Kang, CEO.
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