Model Solution Signs MOU with Advanced Materials Company Graphene Square
Model Solution, a total hardware platform company and a subsidiary of Hankook & Company Group (formerly Hankook Tire Group), signed a Memorandum of Understanding (MOU) with advanced materials company Graphene Square Co., Ltd. (CEO Hong Byung-hee) on January 22. The MOU focuses on the development and production of innovative electronic devices utilizing graphene. Graphene Square, founded in 2012 by Professor Hong Byung-hee of Seoul National University’s Department of Chemistry, is a leading advanced materials company. It has been focusing on the mass production and commercialization of graphene, often called the "material of dreams" due to its strength—200 times that of steel—and exceptional electrical conductivity. The company holds proprietary patented technology for continuous production of graphene using large-scale chemical vapor deposition (CVD). In particular, Graphene Square's 'Cordless Transparent Graphene Cooker', which Model Solution participated in the development process, allows users to see the cooking process through the transparency of graphene, and optimizes the mid-infrared wavelength to enhance the natural flavors of ingredients. By replacing the heating element with graphene, it can cook with half the power (600W) compared to a conventional cooker. It also features modular, detachable upper and lower heaters and a battery, making it versatile for various applications. Additionally, its eco-friendly design minimizes electromagnetic wave emissions. Thanks to these innovations, the cooker was named one of Time Magazine’s Best Inventions of the Year and a recipient of the 2024 CES Innovation Award. Through this agreement, the two companies plan to establish a framework for collaboration and information sharing in developing and producing innovative electronic devices using graphene for mutual benefit. By combining their cutting-edge technologies and expertise, they aim to accelerate the development of innovative products in various industries including electronics, energy, medical, and home appliances, significantly enhancing their global competitiveness. "This partnership with Graphene Square marks an important milestone in combining the innovative technologies of both companies to secure a competitive edge in the global market,” said Byungil Woo, CEO of Model Solution. “We look forward to providing new value to our customers in various industries with graphene-based innovative products based on energy efficiency and functionality.” Meanwhile, Model Solution has been recognized for its industry-leading technology as an innovative hardware platform company with partnerships with more than 1,000 global companies, including Samsung Electronics, LG Electronics, Hyundai Motor Group, Google, and Amazon. In addition to the mobile industry, which has been driving the company's growth, Model Solution has been actively investing in R&D and partnerships with companies specializing in augmented reality (AR), artificial intelligence, and robotics to foster its future core businesses.
January 24, 2025