We would like to inform you that ALPS ELECTRIC KOREA CO., LTD. (hereinafter referred to as “ALPS KOREA”), which is a Korean local incorporated company of ALPS ELECTRIC CO., LTD. (hereinafter referred to as “ALPS ELECTRIC”) and Korea Electric Power Corporation (hereinafter referred to as “KEPCO”) concluded and signed on September 9 an agreement pertaining to mutual cooperation in promoting new areas in the energy industry, such as an equipment diagnosis system that utilizes IoT and wireless modules, and vitalizing R&D for the energy valley which is currently under development in Naju, Korea.
With the conclusion of this agreement, ALPS KOREA and ALPS ELECTRIC will work on the creation of new markets in the field of electric IoT, such as the monitoring of electric power grids and the effective use of electricity, by fusing the various sensing and data communication technologies of the ALPS group with KEPCO’s electric power related technology.