"Growth Confident"... Vinatech to Increase to Plant 4 CEO Sung Do-kyung said, "Adapting 'Super Cap' to Hybrid and Electric Vehicles""The second plant will be completed at the end of May, and shareholders will be invited to show it."  View of Vinatech Hydrogen Fuel Cell Plant 1 located in Wanju-gun, Jeollabuk-do  Construction of the second plant was busy on the site of a hydrogen fuel cell plant of KOSDAQ-listed Vinatech located in the Wanju Techno Valley General Industrial Complex in Wanju, Jeollabuk-do. When Vinatech second plant is completed in May, construction of the third plant will begin on a 2,000-pyeong site nearby. It has two floors and a total of 4,000 pyeong. In addition, the site for the fourth plant, which is expected to be completed in the next year, has already been secured. When all the factories are completed, the total site area is about 18,000 pyeong. "Hydrogen Fuel Cell to Lead to Performance" "The demand for adopting hydrogen fuel cells in eco-friendly cars is increasing faster than expected, especially in Europe," said Jeong Han-ki, president of Vinatech hydrogen fuel cell division, who met at the first hydrogen fuel cell building on the 26th. "The performance will increase significantly from this year."Vinatech produces 1.3 million membrane electrode conjugates (MEA) per month at its first plant alone, which is considered a key material for hydrogen fuel cells. In particular, the company is producing a durable carbon support, and the process has been kept secure enough to keep it private. "Our strength is that the support can be differentiated from other companies," Chung hinted.Inside Plant 1, Vinatech MEA, support, and supercapacitor were displayed. Products that were mainly produced in small size in the past were gradually being sold in sets or undergoing enlargement. It is expected that 1 million more MEA production units will be added. It is a strategy to gradually expand production lines by applying supplementary matters found in previous production processes.Plant 2, which will be built in the future, will also produce pouch-type supercapacitors. Plant 3 leads systematization through module production. Sales from 5 billion won to 6 billion won last year at its hydrogen fuel cell division are targeting 13 billion won this year, more than doubling. It is preemptively expanding facilities for mass production."We will continue to knock on the global market with our technological strengths," President Chung said. "If we enter China through a European company that is friendly to us, we expect our production volume to be 10 times higher than Hyundai Motor roadmap by 2030.""The future fight will depend on securing price competitiveness," he said, adding, "We are accelerating research and development of materials that can replace platinum because we believe that it is difficult to continue to survive at the current cost to be versatile in the existing reference."  Vinatech Plant 2 is being built.  CEO Sung Do-kyung said, "I will show it to shareholders directly." I moved to Vinatech Jeonju headquarters and met with Sung Do-kyung, CEO of Vinatech.CEO Sung still expressed confidence in growth despite last year somewhat sluggish performance. This is because the profits of the hydrogen fuel cell division have exceeded the break-even point (BEP) since this year and meaningful sales are in full swing."As the hydrogen fuel cell business has eliminated losses this year, it will surge in 2027 and grow significantly after 2030," he said. "While expanding its market share of MEA in Korea, love calls are continuing in Europe, which continues to invest in RE100."CEO Sung attention is on expanding the adaptability of super capacitors. Recently, attempts to increase practicality and safety by applying super capacitors to hybrid cars and electric commercial vehicles have begun in related industries."Super capacitors have a long replacement cycle and no fire risk," he said. "Electric vehicles such as Tesla are designed to prevent doors from opening in the event of a fire. This risk can be reduced if the auxiliary switch is made through super capacity."He added, "In addition, there is an advantage of increasing battery life and increasing mileage, so demand is also rapidly increasing in the U.S. outside of Europe."CEO Sung emphasized, "We will invite major shareholders to the completion ceremony of the second plant at the end of May so that they can see it in person."Since the groundbreaking ceremony for the second plant has not been held separately, we will start construction of the third plant in early June at the same time as the completion in May, he said. "At this time, we will invite shareholders from all over the country to check the background of our confidence."  Supercapacitor and Hydrogen Fuel Cell on Display inside Vinatech Plant 1  *Source : (https://www.fnnews.com/news/202402290741340440)   2024-02-29

[Corporate Exploration] Vinatech, a powerhouse in environmental and energy solutions, is confident in explosive growth Company specializing in supercapacitors and hydrogen fuel cells"Paving the foundation for growth this year... Full-fledged growth next year""This is a year to lay the groundwork for growth. Starting in the second half of next year, Vinatech could see explosive growth in 2026."  View of Vinatech headquarters in Jeonju.CEO Sung Do-kyung, who met at Vinatech headquarters in Unam-ro, Deokjin-gu, Jeonju-si, Jeollabuk-do, was confident in the company's growth. Vinatech was founded in 1999. After joining KONEX in 2013, it moved to KOSDAQ in 2020. It is a company that specializes in producing super capacitors, energy storage devices. Super capacitors are energy storage devices that store energy and instantly supply electric current when needed. At the same time, the company is expanding the hydrogen fuel cell sector as a new growth engine. On Wednesday, he visited Vinatech factory in Wanju, North Jeolla Province, located in Bongdong-eup, Wanju-gun, North Jeolla Province. The plant will have four factory buildings. The total size is 17,725 pyeong. Plant 1 is a hydrogen fuel cell building. It will produce membrane electrode assembly (MEA), which is considered one of the core elements of hydrogen batteries, as well as catalysts and supports. Plant 2 next door will produce medium and large pouch-type super capacitors and will be completed within the first half of this year. Construction of Plant 3 to build super capacitor modules will also begin within this year, while Plant 4 to build hydrogen fuel cell lines will be built before 2026. View of the first factory building of Vinatech Wanju factory located in Wanju-gun, Jeollabuk-do Province  It entered the first plant that produces hydrogen fuel cell products. There are two entrances here. The left produces MEA, and the right produces support and catalyst. It was not allowed to enter the place where the support was made. It was followed by the explanation that only a small number of designated people could enter even within the company. Currently, Plant 1 can produce a total of 1.3 million MEAs per month. It is 300,000 semi-automatic and 1 million automatic. In the future, facilities will be expanded according to the demand of the front industry. Some of the production facilities have been installed with screens. This is because it cannot be exposed because it has core processes and equipment. Regarding the growth of hydrogen fuel cells, Jeong Han-ki, president of Vinatech hydrogen fuel cell division, was confident. "We will be able to sell 50,000 copies this year and 250,000 copies next year," Jeong said. "We don't have to worry because MEA demand is certain." It was a different opinion from the recent concerns over a slowdown in the electric car market. "Electric cars are right for short distances, and hydrogen cars are right for long distances," he said. "Commercial cars have relatively constant routes, so there is less burden on charging stations and there is a clear demand in Europe." "Our products absorb demand like black holes because they have high performance and are attractive in terms of price," he added. Part of the MEA production line inside Plant 1 of Vinatech Wanju Plant. MEA is being produced automatically.  After visiting the Wanju plant, he returned to the headquarters and met with CEO Sung Do-kyung. Regarding last year's performance, CEO Sung explained that he failed to make proper preparations. Last year, Vinatech recorded sales of 55 billion won and operating profit of 3.3 billion won. Compared to the previous year, it fell 22.21 percent and 65.14 percent, respectively. The volume of orders for remote controllers decreased and R&D costs increased. "We had to make other preparations to meet the decline in demand, but we couldn't," CEO Sung said. "I was a little disappointed as the company's representative." However, it was expected to be different this year. Internally, the company expected it to surpass 2022 when it recorded 70 billion won in sales. First, it is expected that the existing supercapacitors will be revived and sales will come out of the new medium and large sizes. He explained, "There are a lot of new customers coming in for the existing small and medium-sized ones." In particular, there were expectations for the pouch type. CEO Sung predicted, "The number of samples for small and medium-sized supercapacitors including pouches is also continuing, and sales will be significant this year." In particular, it is expected that demand will increase in the future as it recognizes that super capacitors are highly effective. "There is a part where it is unstable to simply use batteries, but customers now recognize that using super capacitors together can reduce fires and increase lifespan," he said. "Demand will continue to increase as we expect more uses in the future." If you go inside the first plant of Vinatech Wanju plant, you can see the products produced by Vinatech. The left side is a super capacitor, and the right side is MEA and support.  The hydrogen fuel cell sector is expected to grow rapidly. Vinatech expects hydrogen fuel cells to hit a break-even point this year. Production is expected to double this year compared to last year. "The hydrogen fuel cell sector will generate significant sales this year," Vinatech said. "It will see explosive growth from the second half of next year." Vinatech is currently discussing MEA supply contracts with global companies. The final decision will be made in the second half of next year. "If we confirm the contract next year, the volume of MEA production will increase significantly from 2027," he said. "The number of samples is still increasing, but if confirmed, sales will explode." **Source : (https://www.asiae.co.kr/article/2024022716035997099)  2024-02-28

Vinatech signs MEA supply contract from French hydrogen fuel cell company   Vinatech announced on the 30th that it has signed a contract with a French hydrogen fuel cell system company to supply membrane electrode conjugates (MEA) worth 3.4 billion won to be applied to 160KW hydrogen fuel cell systems.The hydrogen fuel cell system developed by the contracted company has high output characteristics and has secured excellent product competitiveness by lightening volume and weight.By satisfying these required characteristics only, Vinatech proceeded with the sole supply of MEA. Based on this, the company expects to be actively applied to various applications such as buildings, ships, automobiles, and railroads."This contract will allow us to expand or market not only to automobiles but also to various applications," said Sung Do-kyung, CEO of Vinatec. "This supply contract will solidify the prospects for new projects that the two companies are currently discussing and strengthen their technological prowess and competitiveness in the global market."*Source : (https://www.etoday.co.kr/news/view/2326295) 2024-01-30

Vinatech "Expected record high annual sales" - SK SK Securities said on Monday that Vinatech will set a new annual sales record this year by diversifying and expanding its supercapacitor application areas. It did not provide target stock price or investment opinion.SK Securities predicted on the 24th that Vinatech will break its record high annual sales record this year due to the diversification and business expansion of supercapacitor application fields. Supercapacitor and secondary batteries play a similar role in storing and releasing energy. Supercapacitor are evaluated as essential factors in improving system stability due to their shorter charging and discharging time and higher durability compared to secondary batteries. Na Seung-doo, a researcher at SK Securities, said, "The initial public offering (IPO) of domestic competitors in December last year has greatly raised awareness of the supercapacitor sector," adding, "The environment has been created to escape the undervalued section from the standpoint of Vinatech, the No. 1 operator in related sales in Korea." Europe, which suffers from an energy crisis due to intensifying geopolitical risks, is moving to efficiently utilize an energy medium called hydrogen, he said. "Vinatech is identifying and targeting these market demands."  "Vinatech is receiving love calls from multinational companies by directly producing durable polymer electrolyte fuel cell (PEMFC) cells based on the carbon utilization technology and know-how accumulated in the supercapacitor business," he said. "In 2024, there are many factors that highlight the market, so we can break the record of highest annual sales by diversifying the application of supercapacitors and expanding the hydrogen business." *Source: (https://www.inews24.com/view/1679672)   2024-01-24

"Project to prepare for the establishment and production of business sites" Carbon Research Sold Out Technology Applies to Global Competitive Materials"The first step is research and development of secondary batteries. I encountered carbon in the 1990s when I was researching secondary batteries. I focused on researching carbon, thinking that if carbon is not used when developing batteries, secondary battery technology is useless. Then, I founded Nexen Nanotech and developed eco-friendly carbon nanomaterials. In 2013, I acquired and merged with Vinatech to take charge of electrodes, catalysts, and supports, which are hydrogen fuel cells."CEO Jeong Han-ki, who started his business at Vinatech in 2013, said that R&D of secondary batteries was his first start. Feeling that carbon was the most important factor, he desperately conducted research and founded Nexen Nanotech in 2002. A company called Vinatech has already acquired and merged with Vinatech because it fits well with his direction."It is the same for other fields, but it is difficult to have global competitiveness, especially in terms of materials. It cannot be said that Korea purchased raw materials from overseas and carried out the final process in Korea, so it is not easy to localize them. In addition, it is not easy to localize materials in Korea because the perspective on materials is three years short. We need to establish an infrastructure that will wait for R&D in the material field in the long run."When asked about Korea's fuel cell localization and technology, he said that the localization process is not easy because it is too short, and it is difficult to have global competitiveness without changing the overall view of materials. In addition, he emphasized that the concept of localization is not established in the case of overseas products from the raw materials of localization."Demand for hydrogen fuel cells is increasing not only in Korea but also in Europe, China, and India, mainly in trucks and buses. China has established a policy strategy and invested a lot of money and manpower in the hydrogen market to focus on the commercial vehicle market, while Europe is also focusing on the commercial vehicle market. I believe that the hydrogen fuel cell market will open significantly only when the price of MEA falls to the level of 25% today. As we have to make headway with materials and technologies in the global competitive market, we have a lot of homework to solve."CEO Chung said fuel cells are likely to take up a large portion of fossil fuel alternatives that are being reduced worldwide, adding that the current shortcomings can be overcome with technology over time. He said that as the number of commercial vehicles is increasing worldwide, the price of MEA, a key component of fuel cells, must fall to compete with foreign companies."Just as we pioneered and settled in the existing supercapacitor market, Vinatec will be one of the two pillars that will lead the company's growth by substituting hydrogen fuel cells for hydrogen fuel cells. In order to start the hydrogen fuel cell business in earnest, we are building an additional business site in the second complex of the Wanju Techno Valley and preparing technology for mass production. Our goal is to generate 1 trillion won in sales within 2030. If you have been a pursuer so far, you will become a leader in the future. In other words, we want to become a game changer in our business."CEO Jeong Han-ki said Vinatech will leap forward to become a global eco-friendly energy company, adding that the hydrogen fuel cell business is increasing its share of sales. In particular, he was confident that within two to three years, we will be able to secure new growth engines through differentiated product competitiveness in the market and face an inflection point of growth.*Source: (http://www.gasnews.com/news/articleView.html?idxno=113632)  2024-01-08

Vinatech Co., Ltd. walk around the international arena as a supercapacitor  Sung Do-kyung, CEO of Vinatech Co., Ltd Founded in 1999, Vinatech Co., Ltd. is a small, wealthy, and market company that specializes in developing and producing materials and parts for hydrogen fuel cells and 'supercapacitors', which are eco-friendly energy storage devices. "Supercapacitor," which is in the spotlight as a next-generation energy storage device, stores energy and supplies high-power current instantaneously when needed, resulting in high energy output, long life, fast charging and discharging. Based on this, it is continuing its high growth trend by expanding its scope beyond smart meters and solar power plants to eco-friendly and high-efficiency industries such as hydrogen cars, trams, medical devices, and drones. According to BCC Research in May 2023, the global market size of supercapacitors is expected to grow from $4.6 billion in 22 years to $9.6 billion in 27 years, exceeding 16% of the annual average (CAGR 2022-2027). Since 2004, Vinatech has established the manufacturing base of this industry, believing in the growth potential of the supercapacitor sector, and in 2010, it developed and succeeded in mass-producing the world's first 3.0V supercapacitor. In this regard, it secured intellectual property rights through patent registration at home and abroad and proved the degree of technology completion. As a result, it was transferred to KOSDAQ (KOSDAQ) in 2020 and was selected as the "100 Small and Medium Businesses in the Material and Parts Industry" and won the CONEX Grand Prize. What is noteworthy is that it has consistently focused on the development of original technologies for materials and parts equipment for about 20 years from the beginning of its foundation. Thanks to its efforts, it was able to win the title of world No. 1 in the medium-sized supercapacitor field, and now it has about 30% of its employees as R&D professionals. In addition, growing into a company with a solid technology base, including 160 domestic and foreign patents and eight technology and quality certifications, is a strategy or strength unique to Vinatech that is differentiated from other manufacturing companies. Behind Vinatech growth, related organizations in Jeollabuk-do, including the Jeonbuk R&D Special Zone, played a big role. Through various networks and R&D projects, successful industry-academic cooperation cases are being created. Since it was first designated as the fourth high-tech company in 2017, it has received full-cycle support from prototype production to test certification and market acquisition through the Jeonbuk Special Zone's Growth-Customized Package Support Project." In addition, in 2022, a linking lab was promoted for joint research and development between KIST Jeonbuk Composite Materials Technology Research Institute and Vinatec. Linking Lab is a project designed to develop technologies that meet corporate demand and increase the likelihood of success in commercialization through joint research between companies and research institutes, rather than technology development and transfer centered on technology providers. The Jeonbuk Special Zone has pushed for a project called "R&D on Carbon Materials related to Improving the Durability of Hydrogen Fuel Cell Catalyst Layer" in anticipation of finding consumer-oriented technology through the development of technology tailored to corporate demand through a specialized project contest. The project cost worth 4.6 billion won was invested over two years. Recently, an MOU was signed to promote convergence research and education in local industries, universities, and research teams including Vinatech received 2.2 billion won for this year's project alone and 20 billion won for the next 10 years in local industries. This project was designed to contribute to technology start-ups and growth of local companies for convergence research results through business feedback and support for BM establishment. In addition, a lot of effort is being made to revitalize the local economy. Jeonbuk Province-KDB Development Bank and others also participated in the creation of a fund worth 140.6 billion won for 10 years until 2032 to foster Jeonbuk startups. This is a senior company that has been invested in local funds, leading the way to create an investment culture, expand exchanges between senior and junior companies, and contribute to fostering junior companies. Vinatec, which has peaked in the super capacity field, is preparing new foods. It plans to research and develop core components of hydrogen fuel cells and expand production capacity that will accelerate the hydrogen economy. In 2022, it signed a contract with the Korea Energy Research Institute located in Daedeok Special Zone for 'core technology and know-how in mass production of electrostatic electrospray-based fuel cell MEA' related to technology transfer for fuel cell core parts. As a result, it has secured original technologies and mass production technologies that can reduce product unit costs by overcoming problems that occur during mass production of MEA. With the introduction of this technology, Vinatech is expected to achieve rapid business expansion in overseas markets by achieving a technological super-gap and overcoming the challenges of expanding the fuel cell market. In addition, KB Securities and others are discussing a long-term supply partnership contract with Germany's global automotive parts company for membrane electrode assembly (MEA), and estimate expected sales of about 1 trillion won with the goal of producing 100,000 hydrogen trucks a year by 2030. "We have been able to successfully develop and commercialize technology through various R&D projects, and we need to support and expand special zones so that more companies can enjoy these benefits," said Sung Do-kyung, CEO of Vinatech. "Since Vinatech has also secured new growth engines beyond the existing market, it will face an inflection point of changes in the company such as sales and size in 2024, and will be on a full-fledged growth trajectory in 2025." *Source: (https://www.jeollailbo.com/news/articleView.html?idxno=713852)    2023-12-06