Ninetech announced on the 4th that it signed a strategic business agreement (MOU) with GES Korea, a company specializing in automotive fuel additives and premium lubricants, to produce and commercialize functional products for mobility based on functionalized MXene.
Through this agreement, the two companies will combine Ninetech’s high-functionality Maxine manufacturing technology with Guess Korea’s know-how in mixing and commercializing lubricating materials to jointly develop a variety of product groups in the mobility sector.
The signing ceremony took place on the 30th at Ninetech’s headquarters in Pyeongtaek, Gyeonggi Province. The two companies have already been conducting technology exchanges and joint development of engine coatings since last year, and this MOU is being evaluated as a signal flare to transform preliminary cooperation into a full-scale commercialization phase.
Ninetech is expanding into the advanced functional materials business based on its technological prowess in the display, semiconductor, and secondary battery manufacturing equipment sectors, and is aiming to secure global technological competitiveness and diversify profits in the materials and components sectors, starting with Maxene. In particular, Ninetech’s functionalized Maxene has excellent electrical conductivity, thermal stability, and electromagnetic shielding properties, and thus has diverse potential applications in the mobility sector.
Guess Korea is a company that manufactures and sells functional products for vehicles, and produces and sells fuel additives and engine lubricants for vehicles through its own brand, 'ECOBURN'. Through this agreement, it plans to strengthen its premium product lineup and advance into the Southeast Asian region, a new growth market.
Kim Min-seop, CEO of Guess Korea, said, “The functionalized Maxene-based engine coating agent is expected to have various effects such as reducing engine wear, improving heat transfer efficiency, and improving fuel efficiency, as confirmed by a preliminary evaluation by a group of experts.” He added, “We plan to expand its application to all areas of mobility in the future, including floor mats for electric vehicles.”
Ninetech CEO Park Geun-no emphasized, “Compared to existing materials, functionalized maxine has superior dispersibility and functionality, so it will be able to significantly increase competitiveness based on its outstanding performance advantages in the highly profitable automotive product market.”
- See more related articles
You must be logged in to post a comment.