LG Innotek advances into the motor business for electric vehicles and other electronic devices.

– The company has developed the EPS motor, Torque Sensors, and ECU product
– LGIT is focusing on development of other components for hybrid vehicles in the future

LG Innotek (CEO: Young-Ho Hur, www.lginnotek.com) is reportedly gearing up to enter the motor business with electric and electronic devices based on its capability to develop the Brushless DC (BLDC) motor.

LG Innotek has already developed the EPS motor, torque sensors, and Electronic Control Unit (ECU), which are used for the Electric Power Steering (EPS) system.

LG Innotek is aiming to achieve $ 100 million in sales in 2010 in the business of electric and electronic parts for electric vehicle motors. In order to accomplish this, it has kept a technical partnership with a foreign company equipped with the advanced vehicle electric and electronic technology for about 2 years, and obtained TS16949 certification.

To advance into the electric-vehicle electronic parts market, LG Innotek has developed the EPS motor jointly with the Korea’’s largest steering parts maker for about two years. The resulting product gained favorable reviews from performance tests conducted by overseas car manufacturers.

LG Innotek’’s EPS motor makes use of the differentiated BLDC technology, which enables the motor to have high power output, low noise, small size, and fast response. Its torque sensor, which is based on the world’s first non-contact magnetic field system, has an excellent sensory performance, produces minimal noise, and is highly reliable.

In addition, the motor is competitively priced due to LG Innotek’’s excellent electronic parts production ability.

A spokesperson from LG Innotek said, "We are also planning to develop an ABS motor and DC-type electric motor. We intend to advance into the parts business for hybrid vehicles."

[Glossary]

▪ BLDC motor: Brushless DC motor

▪ EPS System: Electric Power Steering System

▪ Torque Sensor: Used to measure the rotary power, angle, and speed of a motor and/or other devices.

▪ ECU: Electronic Control Unit, which controls the operating status of the engine, automatic transmission, and ABS through the computer system.

▪ TS16949 Certification: The certification granted by the International Automotive Task Force (IATF), whose members include America’’s three biggest car makers (Daimler Chrysler, GM, Ford), European car makers (Peugeot, Renault, Volkswagen, Fiart, and BMW), and the American Automobile Association and European Automobile Association. This certification is granted to a vehicle meeting certain quality system requirements (design, development, production, installation and service), and is gaining importance as a global quality standard.

▪ Magnetic field: is produced by electric currents, which can be macroscopic currents in wires, or microscopic currents associated with electrons in atomic orbits.

▪ TS16949 certification: