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Hyungnam Cho, CEO of TM EV Net / Photo courtesy of TMEV NET |
TMEV NET, a company specializing in new electric vehicle (EV) charging technologies (CEO: Hyungnam Cho), announced on the 2nd that it won the top prize at the '2023 Chungnam Cheonan-Asan Innocity Inno Star Challenge.
This event was a demo day in the form of a technology startup competition, held as part of the Chungnam Cheonan-Asan Innocity Campus project. It was hosted by the Korea Automobile Research Institute, the core technology institution of the Chungnam Cheonan-Asan Innocity, and F1 Partners. A total of 10 companies participated in IR (Investor Relations) pitching, and 'TMEV NET' won the top prize, receiving the 'Chungnam Governor's Award.' MyRen (CEO: Choi Eun-hong) and G&T (CEO: Son Il-soo) each received excellence awards, winning the Cheonan Mayor's Award and Asan Mayor's Award, respectively.
Hyungnam Cho, CEO of TMEV NET, said, 'I would like to thank Omihye, head of the Innocity Campus at the Korea Automobile Research Institute, Senior Researcher Lee Hyun-min, and Lee Chul, CEO of F1 Partners, as well as other officials from the organizing institutions.' He added, 'Through various programs and feedback, we were able to refine our business model.' Furthermore, he stated, 'We will achieve global expansion through various programs in collaboration with the Korea Automobile Research Institute.
Omihye, head of the Innocity Campus at the Korea Automobile Research Institute, said, 'The Chungnam Cheonan-Asan Innocity has been producing numerous innovative startups with high growth potential into unicorn companies through the Inno Star Challenge every year.' She added, 'We plan to continue actively fostering and supporting excellent technology-based startups to strengthen the local startup ecosystem and establish the Chungnam Cheonan-Asan Innocity as a hub for innovative startups in the future car industry.
TMEV NET is a company developing new EV charging technology by applying 'liquid evaporation phase change' technology. It is utilizing the principle that all conductors, except superconductors, have electrical resistance, and as current passes through the resistance, part of the electrical energy is released as heat energy. The goal is to improve charging efficiency by minimizing electrical resistance with an EV charger equipped with a cooling zone of at least -37 degrees Celsius.