Hancom Lifecare and LIG Nex1 signed a business agreement for the joint commercialization of wearable robots.
The two companies discussed comprehensive cooperation measures covering development, production and sales. With the goal of preoccupying the wearable robot market, it will expand sales channels and markets to the public sector, firefighting and disaster safety, and industrial sectors and promote various cooperative activities such as technology development, information sharing, and participation in research projects.
Hancom Lifecare is planning to advance wearable robots for field of firefighting and industrial safety equipment to respond demand of customers and the market environment.
LIG Nex1 started research and development of wearable robots in 2010 and introduced the 'LEXO' brand. It possesses core technologies such as hydraulic power packs, sensor processing boards, and control algorithms. In addition to the military field, they want to expand their field of application to firefighting, industrial, and rehabilitation medical fields.
Junseok Woo, CEO of Hancom Lifecare, said, “The wearable robot market is expected to expandrapidly as a technology that is highly useful in disaster relief and industrial sites.Through this agreement, we will promote the development of wearable robots that meet the market demand, preoccupy the market, and create a new growth engine.”
After being incorporated into the Hancom Group in 2017, Hancom Lifecare has been expanding its business areas to not only military, firefighting, and industrial markets, but also expanding to living safety and smart city public safety. Recently, they are pursuing to be listed on the Korea Stock Exchange (KOSPI).
By Staff Reporter Dain Oh (ohdain@etnews.com)