Busan City (Mayor Park Hyung-joon) announced that NEOTEK Co., Ltd. applied for a patent on "Laura, Smart Cargo Integrated Control System using LTE base station information" through a research and development project jointly supported by the Ministry of Science and ICT.

This technology supports monitoring of the logistics status and location of ▲ LPWA (Low Power Wide Area) based cargo, enables effective communication regardless of the logistics location and shape of the cargo through the ▲ Hybrid Long Term Evolution (LTE) communication unit, and efficiently manages the entry and exit and loading location when loading ▲

Shippers and transportation operators in Busan expect an effect on the spread of technology in that it will be possible to secure visibility of cargo, safe transport of cargo, and flexible response to compliance with delivery dates.

The city plans to apply patent technology first to cargo handled by transportation operators in Busan within this year and promote integrated testing and demonstration by applying it in conjunction with the "3PL Business Support System." It will also support digital transformation and service advancement of local transportation operators next year.

"This patented technology is one of the technologies of the R&D project promoted by our city and the Ministry of Science and Technology and will be a key technology to support digital transformation and service advancement of the Busan logistics industry," said Jeong Im-soo, director of the Busan Transportation Bureau of Transportation.

Meanwhile, the intelligent unmanned automated smart logistics system R&D project is a logistics-related R&D project in Busan, which will cost about 14 billion won from 2020 to 2025, and will complete the first phase of the project last year and start commercialization research this year.

Busan Daily Article
https://www.busan.com/view/busan/

The Busan Metropolitan Government announced on the 10th that NEOTEK has applied for a patent on "Laura, Smart Cargo Integrated Control System using LTE base station information" through a research and development project jointly supported by the Ministry of Science and ICT.

This technology supports monitoring of the logistics status and location of LPWA (Low Power Wide Area) based cargo, enables effective communication regardless of the transport location and shape of cargo through hybrid LTE (Long Term Evolution) communication unit, and efficiently manages the loading and unloading location.

The city plans to apply patent technology first to cargo handled by transportation operators in Busan within this year and promote integrated testing and demonstration by applying it in conjunction with the "3PL Business Support System." Next year, it will support digital transformation and service advancement of local transportation operators.

Kookje Newspaper Article
https://www.gukjenews.com/news/

NEOTEK an eco friendly company in Busan, has become a promising design innovation company.

NEOTEK is "We received a certificate of a promising design innovation company from the Ministry of Trade, Industry and Energy at the "2018 Design Innovation Forum" held at Jamtugo in Gangnam gu , Seoul on the 19th." Promising design innovation companies are given to companies that have developed products as design inn ova tion strategies among manufacturing companies. NEOTEK, which was selected as a design innovation company, will receive various support such a s p roduct planning, R&D, and dispatch of experienced designers over the next three years.

Design Innovation Forum Certificate
With product planning support for 3 years

NEOTEK, an eco friendly company that develops charging and discharging control and power conversion devices and software program s for remote control, received the Good Design Award from the Ministry of SMEs and Startups last year in recognition of its efforts to improve the product design of ESS (Home Energy Storage Device).

In addition, NEOTEK cooperated with Dongmyeong University to improve the completeness of its flagship products through industry academic joint technology development and education for employees of industries, and achieved the results of being certified as a promising design innovation company.

Choi Hyun deok , CEO of NEOTEK, said, "We have once again provided an opportunity for growth through certification of promising design innov ati on companies," adding, "We will do our best to continue to grow as a leading company in the region."

Busan Daily Article
http://news20.busan.com/controller/

The LINC+ project group of two universities in Busan has released excellent design (GD) products after industry-academic coopera tion with local companies.
According to Dongmyeong University on the 26th, a home energy storage device product of local company NEOTEK was selected as an "excellent design (GD ) product" at the 2017 Good Design Awards held by the Korea Design Promotion Agency and won the Minister of SMEs and Startups award.

While considering developing a new product with IT technology applied in the energy field, NEOTEK secured technology developm ent and intellectual property rights in related fields through industry academic joint technology development with Professor Kim Young bu of the LINC+ project group at Dongmyeong University.

It also improved the function of Operation SW with the participation of Ubisys , a leading local IT company, to gain competitiveness in technology commercialization.

In the process, Ubisys CEO Lee Hee joong connected Professor Park Joon mo of Dongseo University's LINC+ project group, and created NEOTEK's household energy storage system through a corporate support project jointly participated by Professor Park.

Choi Hyun deok , CEO of NEOTEK, said, "To strengthen the competitiveness of hardware products, which is a core competency of companies, we w ere able to strengthen the competitiveness of corporate products with industry academic cooperation."

An official from Dongmyeong University said, "Universities that carry out LINC+ projects of the Ministry of Education often compete in an invisible way e ve n if they cooperate with companies," adding, "In the case of NEOTEK, the two universities overcame this and showed best examples of industry academi c cooperation with local industries."

Newsis Article
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The renewable energy sector is one of the most promising industries for the next generation. It is often recommended as a tar get for business diversification by existing manufacturers. However, the energy industry is quite complex and highly advanced, so there are high barriers to entry, and th ere are many prejudices that the renewable energy sector in particular seems to have not yet secured economic feasibility.

"It was clear that renewable energy was highly marketable. As I looked for a way to incorporate the expertise of the programm ing company, I saw a path."

Look at the programming company
Manufacture of solar charging controllers
Targeting Small Power Generation Facilities
Innovation through industry academic cooperation
Sales grew by 2 billion units last year

NEOTEKis a small and medium sized company that succeeded in diversifying its business in the renewable energy sector. Rather than jumpin g directly into the energy making business, it focused on finding suitable parts for small and medium sized companies among manufacturing parts that are expected to increase demand due to the expansion of new and renewable energy. As a result, it is showing stable growth every year due to improved sales.

Choi Hyun deok , CEO of NEOTEK and Lee Sang jin quit the software related company he worked for in 2007 and set up an office of about 10 pyeong in Jungang dong, Jung gu , Busan the following year. It supplied programs to the logistics automation system of Busan Port New Port, which was in full s win g at the time, and the company settled relatively stably in the early days.

The problem has become visible over three to four years. Choi said, "With the completion of the development of the new port, onl y the maintenance work of the delivered products remains. "We had to find the next business item to maintain the company," he said.

CEO Choi turned to renewable energy and found 'charge controllers' of solar and wind power. It is a component that adjusts th e v oltage of unprocessed electricity generated by new and renewable electricity and collects it in a battery. It is a kind of transformer, and instead of the existing analog m eth od, it decided to make digitally controlled parts. Since the digital control device is linked to the IT field, it was also very similar to NEOTEK's specialized field.

It also planned products specializing in household solar generators and solar streetlights, not large-scale power generation fac ilities. This is because it is an advantageous market for small and medium sized enterprises. Large power generation facilities include products from large companies and Europ e, while small facilities include low priced products from China. It was judged that it would be able to replace Chinese products if it had technology and price competiti veness.

Although the renewable energy sector may feel somewhat abstract for entrepreneurs who are thinking of diversifying their busi nes ses, NEOTEKhas proven that there are parts that small and medium sized companies can use existing technologies to integrate.

CEO Choi said, "We released our first product in 2012, but of course, there was no place to buy it. Would the annual sales ha ve been 1 million won? He said, "We needed a period of time to inform the market of the product and to be recognized for its quality."

As NEOTEK's products became known to the market, the company's sales steadily increased. Sales rose from 500 million won in 2 012 to 2 billion won last year. Of course, it was necessary to release new products and upgrade technology. In particular, NEOTEKhas steadily upgraded its products through industry academic cooperation, including technical guidance from LINC+ Project Group, a social customized industry academic cooperation leading university at Dongmyeong University. In this way, it succeeded in commercializing IoT technology that currently checks and controls power generation through mobile devices.

Although it is a Busan company, CEO Choi said it is regrettable that most of its sales were concentrated in other regions suc h a s Honam , Gangwon, and Chungcheong. This means that Busan's supply of new and renewable energy is slow.

In addition, millions of won worth of solar streetlights in various parts of the city are often broken, and most of them are sai d to be charging controller failures. It is said that it is regrettable to see neglected solar streetlights because it can be operated again just by replacing low priced Chinese parts.

Choi said, "As I started working in the renewable energy sector, my job satisfaction has increased. "We have a sense of duty to contribute to the environment and the future," he said. "We are discussing the repair project of solar streetlights neglected with Busan City, and we often make suggestions to local governments because of the sense of duty to spread new and renewable energy."

Busan Daily Article
http://news20.busan.com/controller/

NEOTEK (CEO Choi Hyun-deok ) is carrying out free replacement of charge and discharge control devices such as wind power and solar pavilions in Busan wi th technology transferred through industry academic cooperation
Dongmyeong University announced on the 2nd that NEOTEK is carrying out a free replacement project for charging and discharging control d ev ices, which are key components of streetlights, in Busan as a product that succeeded in commercialization under Dongmyeong University's technical guidance.

At the recommendation of the Busan Energy Industry Department, NEOTEK replaced the old and defective wind and solar power street lamps installed along the Suyeong River in Busan for free. NEOTEK is a local company that specializes in developing charging/discharging control, power conversion de vic es, and remote control program technologies in the wind and solar fields, and is a leading strategic industry in Busan and an energy saving company registered with the Korea Energy Corporation.

CEO Choi Hyun-deok said, "Most of the eco friendly energy streetlights in Busan were installed in the early stages of charging and discharging con trol devices, so we are proud to be able to reveal Busan's night as renewable energy through Busan company's products."

The Industry Academic Cooperation Support Center of Dongmyeong University's Social Customized Industry Academic Cooperation Leading University (LINC+) Project supported the project to link the focus of local governments with the capabilities of local companies.

Kim Young bu , head of the industry academic cooperation support center at Dongmyeong University, said, "This is a win win development model with local communities that improves the quality of life of local residents by providing local companies' main products."

The Busan Metropolitan Government announced the first year of clean energy city, and recently held a civic debate to realize cle an energy city, establishing a clean energy policy office and forming a policy advisory group to achieve 30% power independence by 2030.

Park In seop , an urban design official at Haeundae gu Office, said, "There are four mixed street lamps that can use both existing power and eco friendly energy, and citizens use them 24 hours a day, so we replaced them with local products that can use immediate A/S."

Today Energy Article
http://www.todayenergy.kr/news/

- Storage of renewable energy such as solar power
- First commercialization of power conversion technology in Korea
- Home produced electricity can also be sold

- Market preoccupation with sales of 2.1 billion won last year
- Growth potential due to expansion of electric vehicle market
As the usage of smartphones increases, portable auxiliary batteries have become daily necessities. The concept of this auxili ary battery, which stores electricity in advance and uses it when needed, also applies to renewable energy. Energy such as wind and sunlight can be stored in a battery and used w hen saving electricity or in an emergency. NEOTEK(CEO Choi Hyun deok ), located in Dong gu , Busan, is a company that leads the popularization of new and renewable energy by creating this "eco friendly auxiliary battery.“

■ Auxiliary batteries for renewable energy

NEOTEK is a 'charge controller' developer that collects new and renewable energy such as wind and solar power into batteries. Th e machine controls the voltage of the unprocessed current from renewable energy and collects it in the battery.

Choi Hyun deok , CEO of NEOTEK, said, "When a typhoon comes, electricity is cut off, or if the voltage is not right, there are times when ma chi ne failure occurs. "Our company produces a charging controller that rectifies and stores new and renewable energy so that it can stably supply new and renewa ble energy."

Unlike previous imported products, NEOTEK recently developed 'Any Starter SMC', a hybrid charging controller that reduces ene rgy loss. The reason why the product is a 'charge controller' is that it provides total solutions such as electric conversion, charging and discharging, power distribu tio n, and power system. CEO Choi explained, "It has a function that can control a series of systems that produce, transport, and distribute electricity."

NEOTEK's focus is on home charging controllers. Industrial chargers such as electric vehicle batteries are mostly made by lar ge companies. NEOTEK has challenged the home charger market, which can utilize power control technology with relatively small capital. Although it is a small and medium size d company, it is second only to large companies in terms of technology. "Technologies such as power conversion and charging and discharging are still in their early stages, and are often imported and used from abroad," CEO Choi said. "NEOTEK is the only company that succeeded in commercializing this technology."

The home charging capacity is about 10kW, and if it is fully charged, it can be used for about 8 hours. In the case of foreign c ountries with a high proportion of private houses, solar power generation has become common, and the charging controller market is also active. In Korea, the proportion of priv ate houses is about 20 30%, but as it is a professional technology, NEOTEK's position, which dominated the market, is solid. Currently, it deals with about 50 construct ion companies nationwide and supplies charging controllers and solutions. It recorded 2.1 billion won in sales last year and is expected to achieve 2.5 billion won to 3 bil lio n won this year. NEOTEK is planning to export overseas with a large renewable energy market. Currently, we are testing products by sending prototypes to Vietnam and Morocc o m arkets.

■ Electric cars are in the spotlight with their growth

The eco friendly battery market is an area that has a higher growth potential in the future. This is because costs of electricit y related parts are also on the decline as the electric vehicle market grows and development demand increases. "Battery prices account for the largest portion of production costs. I n t he past, the price of the battery was about 500,000 won, but it has fallen by nearly 150,000 won in two to three years. The industry expects wind power prices to be chea per than thermal power by next year, which will reverse the trend.

When charging controllers become common, it is possible to get a refund or sell electricity bills as well as save electricity. The smart grid, which has recently attracted attention in the energy industry, is not a special concept. "In the past, if electricity was supplied unilaterally, now there is a mark et where consumers can directly produce electricity and buy and sell it," he said. He added, "If you manage energy directly at home, the economic effect will be great. For example, the average monthly electricity bill for a family is 890,000 won, but if you use solar power, you can significantly reduce the rate by 60,000 won, he added.

As such, the electricity bill saving effect of new and renewable energy is great, but Busan has a low utilization rate. Most of NEOTEK's customers are also in areas with a lot of agricultural land such as Gangwon, Chungbuk , and Honam . "Busan has a small market for new and renewable energy due to its low proportion of detached houses. As a result, there are not many related companies. In the case of Busan, as interest in new and renewable energy is high due to nuclear po wer plant issues, I hope the city will come up with related support measures."

CEO Choi said, "We are currently pushing for a plan to combine IoT (Internet of Things) with products to enable remote contro l i n smartphones," adding, "We will be reborn as an energy ICT (Information and Communication Technology) company that has secured national competitiveness."

Kookje Newspaper Article
http://www.kookje.co.kr/news2011/

[Prime Economy] The Busan Metropolitan Government and the Busan Intellectual Property Center recruited IP Star companies in 2015 for promising small and medium sized venture companies with high growth potential, and selected 15 final companies and awarded IP Star Company Certificates on the 25th.

IP (Intelligent Property) star companies are leading the local economy through intellectual property management based on core pa tent technologies. These companies will receive support for three years within the budget range of 50 million won (10 percent of corporate contributions) in the futu re, including patent support projects.

According to an analysis of sales, number of employees, and IP applications of 15 companies designated as IP star companies last year, sales increased by 38.6 billion won (23.8% increase compared to before support), 56 employees (8.2% increase), and 28 IP applications (30.4% increase).

A city official said, "There have been 40 companies selected as global IP star companies over the past three years. We will d o o ur best to establish ourselves as local IP management companies through performance extraction and continuous follow up management through not only simple support projects."

Prime Economy Article
http://www.newsprime.co.kr/news/

Small but smart. It's free and popping. This is about NEOTEK, Ltd.

Energy saving and monitorable
Hybrid product development favorable reviews

Sales of 1.59 billion won last year
Double sales in 4 years

Busan Strategic Industry Leading Company
Technopark's IP leading company was selected

NEOTEK is a 'charge controller' developer that collects renewable energy such as wind and solar power into batteries.

Unlike previous imported products, it has developed 'Any Starter SMC', a hybrid charging controller that reduces energy loss and boasts its own monitoring function. Choi Hyun deok , CEO of NEOTEK said, "Our product boasts more efficient performance and various functions than existing imported products. In particular, we have established a system that can be monitored directly from IT devices in line with the IoT era."

In fact, the charging controller is an unfamiliar concept to the general public. It controls the voltage of the unprocessed c urr ent from solar power or wind power and collects it in the battery. Currently, low cost equipment from China is imported and used, but users' complaints are increasing due to balan ce failures. As it is an imported product, A/S is not easy.

Lee Sang jin , a director in charge of software research and development, said, "We are receiving favorable reviews from many customers as we have supplemented our products by actively reflecting complaints about imported products."

In fact, NEOTEK is a start-up venture company that has been less than 10 years, but it is a small and strong company whose sales are increasing every year. It recorded sales of 900 million won in 2012, 1.1 billion won in 2013, and 1.59 billion won last year from sales of 600 million won between 2010 a nd 2011. Sales nearly doubled in about four years.

As an IT company, it has also achieved many achievements in securing intellectual property rights. CEO Choi said, "We have ap pli ed for more than 20 patents in the past three to four years, and three have been registered," adding, "In addition, we were selected as a strategic industry leader in Busa n's convergence parts and materials industry and an IP leader in Busan Techno Park early this year."

There were many twists and turns before NEOTEK developed into what it is now. CEO Choi Hyun deok and director Lee Sang jin quit their respective software related companies in December 2007 and set up an office of about 10 pyeong in Jungang dong, Jung gu , Busan. CEO Choi recalled the time, saying, "We had no choice but to focus on the software service business because there was not much capital." He has been participating in the development of logistics and monitoring programs ordered from outside to raise capital.

However, over time, only the service business showed limitations. It was hard to get income to grow the size of the business, an d winning the business was no ordinary thing. The number of employees increased, but the income was limited. Then, in 2010, a boom in renewable energy such as solar power and wind power rose.

Director Lee Sang jin said, "While looking for business items at the time, I noticed solar panels and generators," adding, "As I looked for technol og ies that were essential for such equipment, I started to develop charging controllers." Since then, NEOTEK's hybrid charging controller has been on a rol l, receiving 'GS certification' from the Korea Information and Communication Technology Association with its monitoring function.

Now the goal is clear. It is to produce products produced through outsourcing on its own. CEO Choi said, "My dream is to crea te an environment where employees can freely develop and research by building my own office factory," and vowed, "We will develop new technologies in line with the era of th e Internet of Things and big data to target overseas markets."

Busan Daily Article
http://news20.busan.com/controller/