SAN JOSE, Calif.–(BUSINESS WIRE)–EGTRONICS Co., Ltd. has not too long ago been awarded with the “2020 Korean Small and Medium Enterprise Enterprise Awards” within the know-how innovation class by the South Korean Ministry of Commerce, Business and Power (MOTIE) and the Ministry of SMEs and Startups (MSS).
Established in 2008, EGTRONICS is a Korean producer of electrical automobile components and communication energy provides and is a key companion of main home and abroad eco-friendly automobile producers and 5G cell communication corporations.
It has been well known for its competitiveness within the business by creating high-efficiency, low-noise circuit know-how for converter and inverter merchandise, that are key components of electrical automobiles. The corporate was capable of obtain {an electrical} vitality conversion effectivity of 97% in comparison with the rivals’ effectivity score of 80 to 90%.
Firm Expertise Use Instances
EGTRONICS provided key elements of hydrogen electrical buses that operated through the 2018 PyeongChang Olympics. The corporate has been a provider to Hyundai Motors since 2009 and have become the only real provider for fuel-cell electrical vans of Hyundai Motors.
Notable Merchandise: DC-DC Converter and MCU
The corporate’s flagship product is the DC-DC converter which optimizes the battery capability by way of its particular algorithm. It’s a core product for the eco-friendly automobile and may be relevant from passenger use to industrial use reminiscent of buses and vans. EGTRONICS is a worldwide chief in DC-DC converter manufacturing as it’s the solely firm on this planet to supply converters which are specialised for 10kW capability batteries.
By over two years of analysis, EGTRONICS had succeeded in creating the Motor Management Unit (MCU) which integrates energy inverter and battery charger in a modular kind.
The MCU presents varied advantages reminiscent of lowering the quantity and weight of the components in addition to growing the gas effectivity of an EV. It additionally minimizes {the electrical} noise of the elements which improves the soundness of the system.
Investments and Enlargement
The buyers anticipate the corporate shall be taking part in an enormous position within the rising EV market resulting from its know-how and potential. EGTRONICS has already acquired investments of USD 7 million from main enterprise capital corporations reminiscent of KB Funding, BNK Ventures, and Intervalue Companions. The buyers’ confidence within the firm comes from the actual fact that it’s the world’s first firm to commercialize each the converters and the inverters.
The corporate exports its industrial automobile components to Europe and North America whereas supplying components for small automobiles reminiscent of bikes to India. Turkey’s Bozankaya and Poland’s WB Group are among the principal companions.
To accommodate the rise in demand, a brand new manufacturing facility shall be in operation in 2021, which is able to double its manufacturing capability to 300,000 models per 12 months. As well as, its R&D heart has not too long ago accomplished the development.
“The ten years of R&D of our firm will give EGTRONICS the sting to compete with any firm on this planet,” mentioned Chan-Ho Kang, the CEO.
