Connect with us

Technology

3,500 Automotive Patents in 5 Years: LG Innotek Eyes Market Leadership with Advanced Mobility Technology

Published

on

Automotive component patents account for nearly 40 percent of LG Innotek’s patent applications, including LiDAR, Automotive camera modules, Lighting systems, and Communication modules.Registration of 5 EVCC standard essential patents, securing technological advantage in EV communication and charging control technologies.Collaboration with domestic and international standardization organizations to take part in next-generation mobility component standardization activities.

SEOUL, South Korea, Sept. 5, 2024 /PRNewswire/ — LG Innotek is committed to enhancing its competitiveness in patents through its advanced technology in the field of advanced mobility, including electric and autonomous vehicles. Based on this, its strategy is to take the lead in the global automotive component market.

LG Innotek (CEO Moon, Hyuksoo) announced on September 5, 2024, that it has filed a total of 3,500 patents related to automotive components over the past five years.

To drive growth in the automotive component business, which is a new growth engine, the company has consistently focused on pioneering the development of core technologies every year and increasing the proportion of its patents in automotive components. As a result, automotive components accounts for nearly 40% of all the company’s patent applications.

Among automotive components, LG Innotek is particularly focusing on rapidly expanding its patent applications in the field of advanced vehicle technologies, including LiDAR (light detection and ranging), Automotive camera modules, Lighting systems, and Communication modules.

Furthermore, the company is also intensifying its efforts to secure Standard Essential Patents(SEPs) leveraging its advanced technology in the field. Recently, it successfully has listed five SEPs for the Electronic Vehicle Communication Controller (EVCC).

SEPs are patents for technologies that are essential in the implementation of standard specifications set by standardization organizations, such as the ISO (International Organization for Standardization) and IEC (International Electrotechnical Commission).

A company that holds a SEP can establish a technological advantage in its field and expand market dominance. In addition, SEP can also generate royalties revenue. LG Innotek thus expects to increase its market share in the areas of electric vehicle communication and charging control as well as generate additional income from royalties.

The five technologies listed as a SEP include four technologies that determine the vehicle charging mode using communication channels and one technology for controlling battery charging. LG Innotek also secured three international SEPs for the EVCC last year. There are only eight companies in the world, including GE and Siemens, that hold international SEPs for EV charging.

LG Innotek is also actively engaging in domestic and international activities to establish standards for key components of advanced vehicles.

The ISO’s international standardization for LiDAR is currently underway, and LG Innotek experts designated by the Korean Agency for Technology and Standards are taking part in the process as core members. In Korea, the company is collaborating with the Korean Standards Association and leading the national standardization process for next-generation mobility technologies, including autonomous cameras and in-vehicle communication.

LG Innotek Chief Technology Officer S.David Roh stated, “Our automotive component technology is rapidly expanding its global influence, driven by our stronger patent competitiveness and participation in standardization activities in the field of advanced mobility.” He added, “We will continue to secure technological and patent leadership so that we can build a competitive edge in the global automotive component market.”

###

[Terminology]

■ Electronic Vehicle Communication Controller (EVCC)

The Electronic Vehicle Communication Controller (EVCC) is a component that controls the communication between an electric vehicle and its charging device. It enables the exchange of information, such as voltage, current, and battery level, during the charging process.

Photo – https://mma.prnewswire.com/media/2497212/Picture1.jpg
Logo – https://mma.prnewswire.com/media/2312913/4893529/logo__LG_Innotek_Logo.jpg

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/3-500-automotive-patents-in-5-years-lg-innotek-eyes-market-leadership-with-advanced-mobility-technology-302238933.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Broadridge’s Securities-based Lending Capabilities and Wealth Lending Network Now Integrated with Morningstar Advisor Workstation

Published

on

By

The collaboration enables independent advisors to deliver holistic advisory services across the full balance sheet with integrated SBL capabilities to see the borrowing power for portfolios.

NEW YORK, Sept. 15, 2024 /PRNewswire/ — Global fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) announces the securities-based lending (SBL) tools in its Wealth Lending Network (WLN) marketplace are now integrated in Morningstar Advisor Workstation. Extending beyond Workstation’s core research, investment planning, and portfolio analysis capabilities, independent advisors now have seamless access to lending solutions that help them support broader client financial goals.

The integration offers financial advisors the ability to determine their clients’ SBL borrowing potential and connect with WLN partner banks to support their clients’ lending needs. Advisor Workstation’s U.S. footprint of more than 150,000 advisors will now be offered the opportunity to seamlessly connect to SBL services from Broadridge through their single sign on, as well as to access Broadridge’s advanced predictive prospecting, sales and educational capabilities via the Wealth Lending Network platform.

“Today’s advisors recognize the importance of offering expanded services to add value for their clients. As highlighted in Morningstar’s 2024 Voice of the Advisor Survey, advisors who offered a broader range of services were more confident in their ability to support their client with meaningful financial plans” said Vimal Vel, chief product officer for Enterprise Solutions at Morningstar. “Our collaboration with Broadridge equips advisors with a tool for advanced lending options, enabling them to provide a more comprehensive suite of services and elevate the industry standard for the value advisors offer clients.”

“Our mission at Broadridge is to provide trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow,” said Mike Alexander, President of Broadridge Wealth Management. “This collaboration helps advisors respond to the growing demand for flexible, simplified, and integrated financial solutions, including borrowing against their securities portfolio, allowing them to better align with their clients’ evolving goals, and provide expanded service offerings that strengthen their client relationships.”

The WLN enables wealth managers of all sizes to offer SBL services to their clients using Broadridge’s end-to-end, fully digitized SBL technology platform. It extends current lending models, enabling financial institutions to offer SBL to clients on a turnkey basis. Serving RIAs, independent broker-dealers, non-bank affiliated broker dealers, and wealth management firms, the WLN will allow advisors using the Morningstar Advisor Workstation to retain AUM when client liquidity needs arise, reduce competitive risk from wire houses and banks, and offer holistic advice to their clients.

Clients of financial advisors using WLN and Morningstar Advisor Workstation are expected to directly benefit from having an alternative to liquidating investment portfolios. This can help them to preserve their investment strategy, avoid triggering potential capital gains taxes associated with selling investments, and enjoy the convenience of a single provider for both assets and liabilities. They also gain the flexibility of an evergreen credit facility for ongoing financial needs.

About Broadridge

Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Our technology and operations platforms underpin the daily trading of more than $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries. For more information about us, please visit www.broadridge.com.

About Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and solutions that serve a wide range of market participants, including individual and institutional investors in public and private capital markets, financial advisors and wealth managers, asset managers, retirement plan providers and sponsors, and issuers of fixed-income securities. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $316 billion in AUMA as of June 30, 2024. The Company operates through wholly-owned subsidiaries in 32 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on X (formerly known as Twitter) @MorningstarInc.

Media Contacts:

Broadridge:
Matthew Luongo
Prosek Partners
+1 646-818-9279
mluongo@prosek.com

Morningstar:
Michael Claussen
+1 312 696-6037
newsroom@morningstar.com

 

View original content:https://www.prnewswire.com/news-releases/broadridges-securities-based-lending-capabilities-and-wealth-lending-network-now-integrated-with-morningstar-advisor-workstation-302248260.html

SOURCE Broadridge Financial Solutions, Inc.

Continue Reading

Technology

Apple’s Iconic Timeline Comes to Life in Stunning Motion Graphics by WideView

Published

on

By

WideView, a leading motion graphics company, proudly announces the release of its latest project, a captivating motion graphics video that chronicles Apple’s evolution from the groundbreaking Macintosh to the revolutionary iPhone. This visually stunning video takes viewers on an immersive journey through Apple’s most iconic milestones, highlighting the products, innovations, and visionary leadership that transformed the tech industry.

NEW YORK, Sept. 15, 2024 /PRNewswire-PRWeb/ — WideView, a leading motion graphics company, proudly announces the release of its latest project, a captivating motion graphics video that chronicles Apple’s evolution from the groundbreaking Macintosh to the revolutionary iPhone. This visually stunning video takes viewers on an immersive journey through Apple’s most iconic milestones, highlighting the products, innovations, and visionary leadership that transformed the tech industry.

Using a combination of real ads, vintage content, and expertly crafted motion graphics, WideView’s video offers an engaging look at Apple’s rise story. The video features key moments such as the launch of the Macintosh in 1984, the introduction of the iPod, and the “Project Purple” for the game-changing iPhone in 2007. Through creative storytelling and vibrant visuals, WideView captures the essence of Apple’s innovative spirit and showcases the design excellence that has made the company a global leader.

“More than just an historical animation, we aimed to evoke the nostalgia and excitement that Apple’s products have generated to us over the decades,” said Emmanuel, Creative Director of WideView. “Our team meticulously crafted this video to resonate with Apple fans, tech enthusiasts, and creatives alike, while paying tribute to the brand’s incredible journey.”

Key Highlights:

An immersive look at Apple’s major product launches, from the Apple II to the iPhone.Motion graphics enhanced with real ads and vintage content to bring Apple’s evolution to life.A tribute to visionary leadership, from Steve Jobs to Apple’s impact on modern technology.A nostalgic yet forward-thinking video that celebrates Apple’s commitment to innovation and design.

WideView’s motion graphics video promises to captivate viewers by blending rich storytelling with high-quality design. It’s a must-watch for anyone curious about Apple’s history or fascinated by the role of technology in shaping our world.

The video is now live and available for viewing on WideView’s YouTube channel.

Watch Now: https://youtu.be/j9AWJc2EeWA

About WideView: WideView is a motion graphics agency with extensive experience creating animations for various brands. The agency focuses on storytelling through design to connect brands with audiences.

Media Contact

Brenda Caran, Wideview, 1 646-583-3404, hello@wideview.tv, https://wideview.tv/ 

View original content to download multimedia:https://www.prweb.com/releases/apples-iconic-timeline-comes-to-life-in-stunning-motion-graphics-by-wideview-302248165.html

SOURCE Wideview

Continue Reading

Technology

World’s 1st Flashlight Experience Store Kicks Off in Las Vegas

Published

on

By

LAS VEGAS, Sept. 15, 2024 /CNW/ — Olight, a brand committed to becoming a global leader in mid-to-high-end flashlights, opened the world’s first flashlight experience store at Fashion Show Las Vegas. On the same day, it hosted a major new product launch event and a fan festival for its loyal customers.

A Retail Revolution

The store adopts an advanced digital retail model that seamlessly integrates online and offline channels. Leveraging cloud computing, big data, IoT, and other cutting-edge technologies, Olight has created a unified system for warehousing, logistics, supply chain management, and retail. This enhances operational efficiency and allows consumers to order online and pick up in-store, offering a more convenient and efficient shopping experience.

“Olight has consistently focused on the U.S. market and achieved outstanding results online. We want our first experience store to not only showcase our products but also serve as a bridge between the online and offline, connecting our brand with our customers,” said Mavis Xiao, CMO of Olight.

New Product Launches

Olight unveiled five new products at the event: Arkfeld Ultra, Baton Turbo, Perun 3, Sphere, and the Arkfeld Pro (Paw Edition). The Arkfeld Ultra uses a new aluminum material, making it one of the toughest and most scratch-resistant flashlights in the world. Olight also used this material to create a special gift for each audience member.

With the release of the Arkfeld Pro (Paw Edition), Olight announced an animal charity project in 13 countries, dedicated to supporting animal welfare for at least two years. For every Arkfeld Pro (Paw Edition) sold, Olight will donate $5 to local animal charities. This initiative aims to raise funds for animal protection and increase social awareness and action.

O-Fan Day: Celebrating the Community

O-Fan Day was a fan festival where Olight expressed its appreciation to the O-Fans, whom Olight believes are the driving force behind the brand’s growth. Olight held a fan award ceremony to recognize fans who have made outstanding contributions to supporting and promoting the brand. Over 200 O-Fans attended the festival, celebrating with Olight’s management, R&D teams, and more.

The Olight Fall Event 2024 was the brand’s most important event of the year. As a brand dedicated to establishing itself as a global leader in flashlights, Olight is bold in breaking the mold. This Fall Event demonstrated Olight’s determination to redefine the flashlight industry through innovation and to promote the development of the entire industry.

About Olight: 

Olight is committed to becoming a global leader in mid-to-high-end flashlights and driving the industry forward. Its diverse product range caters to various scenarios, from everyday carry to outdoor adventures, and is available across Europe, the Americas, and beyond.

View original content to download multimedia:https://www.prnewswire.com/news-releases/worlds-1st-flashlight-experience-store-kicks-off-in-las-vegas-302248434.html

SOURCE Olight Group Co.,Ltd

Continue Reading

Trending