World market place leader in DC-DC converters EGTRONICS wins the Korean SME Technological innovation Innovation prize

Information Highlights: World wide current market leader in DC-DC converters EGTRONICS wins the Korean SME Technologies Innovation prize

SAN JOSE, Calif .– (Enterprise WIRE) –EGTRONICS Co., Ltd. was just lately awarded the “2020 Korean Compact and Medium Enterprise Business Awards” in the Know-how Innovation classification by the South Korean Ministry of Trade, Market and Energy (MOTIE) and the Ministry of SMEs and Startups (MSS). .

Established in 2008, EGTRONICS is a Korean manufacturer of electrical vehicle pieces and conversation electric power supplies and is an vital partner of significant domestic and overseas environmentally helpful car makers and 5G cell communication firms.

It is commonly identified for its competitiveness in the market by the advancement of very productive, lower-sounds circuit technological innovation for inverters and inverter products, which are crucial elements of electric powered autos. The corporation was able to obtain an electrical electrical power conversion effectiveness of 97% when compared to the competitors’ performance of 80 to 90%.

Enterprise Know-how Use conditions

EGTRONICS equipped the primary elements of hydrogen electric buses in use in the course of the 2018 Olympic Video games in PyeongChang. The organization has been a provider to Hyundai Motors because 2009 and became the sole supplier of gasoline cell electric trucks from Hyundai Motors.

Notable Products and solutions: DC-DC Converter and MCU

The company’s flagship item is the DC-DC converter that optimizes battery capacity as a result of its exclusive algorithm. It is a main products for the eco-helpful auto and can be used from passenger use to business use this kind of as buses and trucks. EGTRONICS is a globe leader in the manufacture of DC-DC converters as it is the only company in the earth that makes inverters specializing in batteries with a capability of 10 kW.

Right after extra than two a long time of investigate, EGTRONICS has succeeded in creating the Motor Handle Unit (MCU) that integrates inverter and battery charger in a modular variety.

The MCU delivers many gains, such as lowering the volume and excess weight of the elements and rising the gasoline effectiveness of an EV. It also minimizes electrical sounds from the components, which increases the balance of the program.

Investments and growth

The traders anticipate the company to perform a large function in the growing EV current market for the reason that of its technological know-how and probable. EGTRONICS has by now received $ 7 million in investments from key undertaking funds providers this sort of as KB Expenditure, BNK Ventures and Intervalue Associates. Investors’ self-assurance in the business stems from the truth that it is the world’s very first business to market equally converters and inverters.

The business exports its commercial car or truck sections to Europe and North America and provides components for little cars this kind of as motorcycles to India. The Turkish Bozankaya and the Polish WB Team are some of the most vital companions.

To fulfill rising need, a new generation facility will be in procedure in 2021, doubling production ability to 300,000 units for each 12 months. In addition, the R&D center has not too long ago accomplished development.

“Our company’s 10 decades of R&D will give EGTRONICS an edge to contend with any corporation in the globe,” mentioned Chan-Ho Kang, CEO.

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