We signed an MOU with Guóchén Robotic Technology in China to conduct joint research and development in Apr. 20.

This MOU is the result from our three-time meeting as part of projects for creating a new market of the robot industry and strengthening the competitiveness of parts.

 

The meeting in China was worth discussing how to cooperate between Korea-China companies such as joint R&D and strategic partnership, rather than just export conference or exhibition. Based on the result, an MOU was about mutual win-win cooperation including joint development → purchase, joint development → joint sales to the 3rd companies.

 

The suggested items were a 6-axis controller for industrial robots and a controller for vibration test bed.

 

The Zhejiang Provincial Office in China has announced ‘Plan on the Promotion of 555 Robot Industry’ in Nov. 2013 and actively pushed forward the development of the robot industry. In particular, Hangzhou City wants to have joint technology development of core robotic parts (sensor, actuator, and controller) and technology exchange by establishing robot city and robot theme park in around 3,306,000㎡ to cultivate IT and robot industries, which means it can function as a bridgehead for our company to enter the Chinese market.

 

We will continue making efforts to enter a new market and vitalize specialization in technologies through establishing cooperative networks with the Chinese government and related organizations, and carrying out joint R&D and support for commercializing business.