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Suject GSBC opened a festival for SB enterprises capturing the American continent!
Writer GSBC Date 2014-11-24 Hit 29546

2014 UT Enterprise Support Program Export Convention Ceremony on the 20th (Mon).

 

○ Gyeonggi-do - GSBC, held ‘2014 UT Enterprise Support Program Export Convention Ceremony' on the 20th (Mon).
○ They held export convention ceremony for 5 companies and ₩10 million donation delivery ceremony.
○ They also held convention ceremony with American leading companies including NASA.

 

It is not long till technology developed by domestic small and medium enterprises is used by International Space Station (ISS) of National Aeronautics and Space Administration (NASA)

'Work-holding technology' of Kwang-Technomagnet located in Anyang, a permanent absorption control technology using permanent magnet energy gained recognition of NASA and it is in the final test stage for verification of technology. If the company passes this stage, technology of Gyeonggi-do's small and medium enterprise will be used for the core fields in space industry such as space docking, multi-stage rocket separation, safety latch of spacecraft, and holders of space robots.  

If 'work-holding technology' is used, permanent absorption control will be possible without consumption of electricity; low current is necessary for less than I second when attaching or detaching an object and therefore, it is quite eco-friendly. The reason why Gyeonggi-do's small and medium enterprise passed strict space qualification test and reached final test stage was mainly due to Gyeonggi-do and the UT Enterprise Support Program of Gyeonggi Small and Medium Business Center (hereinafter called "GSBC").

Applying technique commercialization program of American University of Texas System (UT) and personal network, the UT Enterprise Support Program started from 2008 as an overseas marketing project to support Gyeonggi-do's small and medium enterprises with excellent technology to enter into American market. 

In commemoration of the 6th year's outcome of selected companies, Gyeonggi-do and GSBC held ‘Gyeonggi-do - UT Enterprise Support Program Export Convention Ceremony' at the Grand Ballroom on the 3rd floor of Ramada Suwon Hotel on the 20th (Mon). At the ceremony, such events were conducted as the 6th year's outcome report of UT Enterprise Support Program, export convention ceremony, presentation of successful enterprise case, and donation delivery ceremony for successful enterprises; about 100 people participated in the convention ceremony including Nam Kyung-pil, the Governor of Gyeonggi Province, members of economy and science committee of Gyeonggi-do Provincial Council, Mr. Peterson, the chief of research center at UT, and officials of small and medium enterprises.

During this 6th year convention, total 14 export agreements were made and U$20,500,000 business talks are in the process of promotion. Jowoo Tech Co., Ltd., which executed an export convention as the 6th year's best company, manufactured multi-contact connector for the first time in the world and then, entered into a supply agreement with American Element14 company, a multi-national distribution company; and, Penta Industry Co., Ltd., a manufacturer of reaming bits which are reusable with a great budget reduction effect, entered into a supply agreement with DrillKing, a heavy equipment distributor in America.

Besides, Kwang-Technomagnet and UMT Labs Co., Ltd. executed export arrangement respectively with American companies which were known through UT program. Especially, at the convention ceremony, UMT Labs Co., Ltd. delivered success donation of ₩10 million as a token of thanks to positive support and cooperation for UMT Labs Co., Ltd. to enter into American market, and for development of Gyeonggi-do's export industry.  

Since UMT Labs Co., Ltd., which developed super LED protective films for smart devices, was selected as a UT program support company in 2013, met Speck and agreed to supply the products throughout the USA, Speck has sales of $100 million as an affiliated company of Samsonite, an American specialized firm for suitcase production, and as a manufacturer and distributor of smart phone case. 

UMT Labs Co., Ltd. is expected to increase its sales to 1.2 billion won in 2014 from 400 million won in 2013 through supply of the products this time. Shin Hyeongchul, the representative director of UMT Labs Co., Ltd., said that "UT program played a larger role for our company which has been founded for 2 years only to enter into a supply agreement with American leading firm" and expressed satisfaction by saying that "this contract seems to a good cornerstone for us to continuously advance to American market." 

UT Enterprise Support Program supported total 81 companies for 6 years from 2008 and achieved actual export amount of U$41.57 million with employment creation of 324 people. For further details on UT Enterprise Support Program, please contact GSBC UT TFT (+82-31-888-5631, 5633).

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