World-wide DC-DC Converter Industry Leader EGTRONICS Wins the Korean SME Know-how Innovation Award

Categorized in: Science and technological innovation
Subjects: Photo/Multimedia, Merchandise/Provider, Award

EGTRONICS Co., Ltd. has a short while ago been awarded with the “2020 Korean Tiny and Medium Venture Organization Awards” in the technological know-how innovation classification by the South Korean Ministry of Trade, Market and Power (MOTIE) and the Ministry of SMEs and Startups (MSS).

Set up in 2008, EGTRONICS is a Korean manufacturer of electrical motor vehicle areas and conversation energy materials and is a important husband or wife of big domestic and abroad eco-helpful auto brands and 5G cell communication companies.

It has been extensively identified for its competitiveness in the industry by establishing substantial-efficiency, reduced-sounds circuit know-how for converter and inverter products and solutions, which are vital sections of electric autos. The business was in a position to accomplish an electrical vitality conversion efficiency of 97% in comparison to the competitors’ performance rating of 80 to 90%.

Business Technological know-how Use Conditions

EGTRONICS equipped crucial elements of hydrogen electrical buses that operated through the 2018 PyeongChang Olympics. The firm has been a supplier to Hyundai Motors because 2009 and grew to become the sole supplier for fuel-mobile electrical trucks of Hyundai Motors.

Noteworthy Items: DC-DC Converter and MCU

The company’s flagship product or service is the DC-DC converter which optimizes the battery potential through its exclusive algorithm. It is a core product or service for the eco-pleasant motor vehicle and can be relevant from passenger use to industrial use this kind of as buses and trucks. EGTRONICS is a worldwide leader in DC-DC converter production as it is the only business in the world to create converters that are specialised for 10kW capability batteries.

Through around two yrs of study, EGTRONICS had succeeded in developing the Motor Manage Unit (MCU) which integrates energy inverter and battery charger in a modular kind.

The MCU gives many advantages these as reducing the volume and body weight of the areas as perfectly as rising the gasoline efficiency of an EV. It also minimizes the electrical noise of the parts which increases the steadiness of the system.

Investments and Growth

The investors expect the organization will be actively playing a huge job in the expanding EV sector due to its technology and potential. EGTRONICS has already obtained investments of USD 7 million from key venture cash businesses these kinds of as KB Expense, BNK Ventures, and Intervalue Companions. The investors’ self esteem in the firm will come from the point that it is the world’s initially firm to commercialize equally the converters and the inverters.

The company exports its business motor vehicle elements to Europe and North The us when giving elements for tiny automobiles such as motorcycles to India. Turkey’s Bozankaya and Poland’s WB Group are some of the most important partners.

To accommodate the enhance in need, a new manufacturing facility will be in procedure in 2021, which will double its creation potential to 300,000 units for every yr. In addition, its R&D middle has not too long ago accomplished the building.

“The 10 yrs of R&D of our firm will give EGTRONICS the edge to compete with any business in the globe,” said Chan-Ho Kang, the CEO.

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Information released on 29 january 2021 at 19:05 and dispersed by: