Worldwide current market chief in DC-DC converters EGTRONICS wins the Korean SME Technologies Innovation prize

News Highlights: International sector leader in DC-DC converters EGTRONICS wins the Korean SME Technologies Innovation prize

SAN JOSE, Calif .– (Small business WIRE) –EGTRONICS Co., Ltd. was recently awarded the “2020 Korean Small and Medium Undertaking Business Awards” in the Technology Innovation category by the South Korean Ministry of Trade, Marketplace and Power (MOTIE) and the Ministry of SMEs and Startups (MSS). .

Recognized in 2008, EGTRONICS is a Korean company of electrical automobile elements and interaction ability provides and is an critical companion of main domestic and foreign environmentally helpful car manufacturers and 5G mobile communication providers.

It is broadly regarded for its competitiveness in the market as a result of the enhancement of extremely successful, minimal-sounds circuit technological know-how for inverters and inverter items, which are vital elements of electric vehicles. The organization was equipped to accomplish an electrical vitality conversion effectiveness of 97% as opposed to the competitors’ efficiency of 80 to 90%.

Organization Technology Use cases

EGTRONICS provided the most important elements of hydrogen electric powered buses in use through the 2018 Olympic Games in PyeongChang. The organization has been a provider to Hyundai Motors since 2009 and grew to become the sole provider of gasoline mobile electric vehicles from Hyundai Motors.

Notable Products: DC-DC Converter and MCU

The company’s flagship item is the DC-DC converter that optimizes battery capacity by means of its special algorithm. It is a main solution for the eco-welcoming vehicle and can be utilized from passenger use to professional use this kind of as buses and vans. EGTRONICS is a earth chief in the manufacture of DC-DC converters as it is the only business in the entire world that creates inverters specializing in batteries with a capacity of 10 kW.

Following more than two decades of analysis, EGTRONICS has succeeded in establishing the Motor Command Unit (MCU) that integrates inverter and battery charger in a modular kind.

The MCU presents a number of advantages, this kind of as lessening the volume and body weight of the pieces and raising the gas effectiveness of an EV. It also minimizes electrical sounds from the parts, which improves the security of the system.

Investments and expansion

The buyers anticipate the firm to perform a massive part in the growing EV industry simply because of its technology and probable. EGTRONICS has already obtained $ 7 million in investments from significant enterprise cash providers this sort of as KB Expenditure, BNK Ventures and Intervalue Partners. Investors’ self-confidence in the firm stems from the reality that it is the world’s first corporation to current market both equally converters and inverters.

The firm exports its industrial vehicle sections to Europe and North The usa and supplies sections for tiny vehicles this kind of as bikes to India. The Turkish Bozankaya and the Polish WB Team are some of the most essential companions.

To satisfy raising need, a new creation facility will be in procedure in 2021, doubling creation capacity to 300,000 models for each yr. In addition, the R&D center has just lately finished development.

“Our company’s 10 years of R&D will give EGTRONICS an edge to contend with any firm in the environment,” reported Chan-Ho Kang, CEO.

Through: www.businesswire.com

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