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The research institutes of PKNU that attracted 1.5 billion won investment
WRITER Department of External Cooperation WRITE DAY 2019-01-10
COUNT 98
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The research institutes of PKNU that attracted 1.5 billion won investment
Department of External Cooperation 2019-01-10 98

PKNU, Next Generation Materials Co. Ltd., attracting 1.5 billion won investment fund
Recognized as a next-generation dissimilar composite materials technology

The university research institute has been recognized for its outstanding R & D technology and attracted large scale investment.

Pukyong National University announced on December 6 that a research institute called Next Generation Materials Co. Ltd., (CEO Kwon Han-sang ‧ Prof. of Department of Materials System Engineering) has been invested 1.5 billion won from the Technology Guarantee Fund.

The Technology Guarantee Fund has decided to invest 1.5 billion won by purchasing 4,000 convertible preferred stock issued by Next generation materials (NMG) on the 27th of last month, signed an investment contract with the next-generation material research institute.

The Technology Guarantee Fund evaluated the stock of the next-generation materials research institute at KRW 375,000, which is 75 times the face value of KRW 5,000. According to the evaluation, the next-generation material research institute, which has about 24,000 issued shares, has been recognized as worth about 10 billion won.

Next Generation Materials has been founded in 2015, by a professor Kwon Han-sang, the company that has developed a next-generation dissimilar composite materials that can replace existing metals, ceramics, and polymers, including Al-kappa, a combination of aluminum and copper.

These different composite materials have the characteristics of each material, or they show superior properties when combined. Therefore, the related industry evaluates the impact strength when applied to industrial materials. Especially, it is recognized that it can be applied to high value-added industries such as frame for next-generation electric vehicles, material parts for automation and energy storage system, and has recently signed a technology transfer contract with companies for hundreds of millions of won.

Next Generation Materials (NGM) received KRW 2 billion in support from the Technology Assurance Support Platform (U-TECH Valley) project of the Technology Guarantee Fund last year. Through this follow-up investment, we plan to increase the production of products as well as technology transfer.

In order to complete the project in January 2019, the company is installing 1800 tons of extrusion equipment at Chaesin Industrial Complex in Yeongcheon, Kyungbuk Province. Also, they signed a non-disclosure agreement (NDA) to participate in Seiko Epson's robotic arm material development project, a high-tech IT company in Japan within December 2018.

CEO Kwon Han-sang said, "I would like to prove that applying the technology acquired by the institute to the production of industrial products based on the investment attraction will enable the development of high-value-added industries through the development of university research institutes." <Pukyong Today>