Information
120 Heungdeokjungang-ro, Giheung-gu, Yongin-si, Gyeonggi-do, South Korea
+82 31-627-5291
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Overview
- Summary
- Novatech is a specialized company in applied magnet solutions with high future growth potential in IT, automotive, and secondary battery sectors, possessing differentiated competitiveness based on original shielding magnet technology.Novatech is a specialized company in applied magnet solutions with high future growth potential in IT, automotive, and secondary battery sectors, possessing differentiated competitiveness based on original shielding magnet technology.
- Key Products/Technologies
- The company holds a diverse range of magnet product groups, including Neodymium (NdFeB), Samarium Cobalt (SmCo), and Ferrite magnets. Specifically, it develops and produces applied magnet products such as Shield Magnets, Magnet Plates, Motor Position Sensors (MPS), Halbach Magnets, Electromagnet for Ferrous material (EMF) solutions, and Magnet Bars.The company holds a diverse range of magnet product groups, including Neodymium (NdFeB), Samarium Cobalt (SmCo), and Ferrite magnets. Specifically, it develops and produces applied magnet products such as Shield Magnets, Magnet Plates, Motor Position Sensors (MPS), Halbach Magnets, Electromagnet for Ferrous material (EMF) solutions, and Magnet Bars.
- Through the acquisition of Shield Magnet patents in 2012, the company secured core technological capabilities, applied to Samsung Electronics Galaxy Tab Shield Magnets and Magnet Plates, and LG Electronics mobile phone magnets.Through the acquisition of Shield Magnet patents in 2012, the company secured core technological capabilities, applied to Samsung Electronics Galaxy Tab Shield Magnets and Magnet Plates, and LG Electronics mobile phone magnets.
- Furthermore, it supplies high-value-added products like MPS for automotive steering, Shield Magnets for Mando automotive MPS, and Magnet Bars for LG Energy Solution. The Korea Magnetic Technology Institute drives magnet technology innovation, including new material development, application development, process development, and equipment development.Furthermore, it supplies high-value-added products like MPS for automotive steering, Shield Magnets for Mando automotive MPS, and Magnet Bars for LG Energy Solution. The Korea Magnetic Technology Institute drives magnet technology innovation, including new material development, application development, process development, and equipment development.
- Research and development for EMF and Magnet Bars are underway for entry into the secondary battery ferrous material removal market, with initial supply to domestic cell manufacturers.Research and development for EMF and Magnet Bars are underway for entry into the secondary battery ferrous material removal market, with initial supply to domestic cell manufacturers.
- Core Advantages
- First, it is the only domestic company possessing original Shield Magnet technology and patents, continuously advancing its technology since acquiring the Shield Magnet patent in 2012.First, it is the only domestic company possessing original Shield Magnet technology and patents, continuously advancing its technology since acquiring the Shield Magnet patent in 2012.
- Second, the establishment of a vertically integrated production system, from raw material sourcing to finished product manufacturing, ensures a stable supply chain and cost competitiveness. The company's raw material production plant, NINGBO NOVATECH KESHENG MAGNET in China, provides a foundation to counter rare earth material export regulations.Second, the establishment of a vertically integrated production system, from raw material sourcing to finished product manufacturing, ensures a stable supply chain and cost competitiveness. The company's raw material production plant, NINGBO NOVATECH KESHENG MAGNET in China, provides a foundation to counter rare earth material export regulations.
- Third, a global production and supply network spanning South Korea, China, Vietnam, and Laos enhances its capability to respond to overseas markets.Third, a global production and supply network spanning South Korea, China, Vietnam, and Laos enhances its capability to respond to overseas markets.
- Fourth, diversification of business areas into various industries such as IT devices, automotive electronics, and secondary batteries, securing major domestic and international clients like Samsung Electronics, LG Electronics, Mando, LG Innotek, and Hyundai Mobis.Fourth, diversification of business areas into various industries such as IT devices, automotive electronics, and secondary batteries, securing major domestic and international clients like Samsung Electronics, LG Electronics, Mando, LG Innotek, and Hyundai Mobis.
- Fifth, the capability to provide customized magnet solutions, utilizing magnetic field analysis technology and applying optimal materials and advanced technologies.Fifth, the capability to provide customized magnet solutions, utilizing magnetic field analysis technology and applying optimal materials and advanced technologies.
- Target Industrie
- Major applied industries include IT devices such as smartphones, tablet PCs, wireless earphones, wearable devices, smart covers, and laptops.Major applied industries include IT devices such as smartphones, tablet PCs, wireless earphones, wearable devices, smart covers, and laptops.
- Additionally, the automotive electronics sector encompasses various sensors applied to vehicle drive, control, and braking systems, motor position sensors, and EPS magnets.Additionally, the automotive electronics sector encompasses various sensors applied to vehicle drive, control, and braking systems, motor position sensors, and EPS magnets.
- The secondary battery industry includes ferrous material removal equipment and magnet bars for precise electrode performance, extended battery life, and enhanced safety.The secondary battery industry includes ferrous material removal equipment and magnet bars for precise electrode performance, extended battery life, and enhanced safety.
- Products are also applied to industrial portable devices like NVIDIA joysticks.Products are also applied to industrial portable devices like NVIDIA joysticks.
- Major Markets
- China (Ningbo Novatech, Novatech Kesheng), Vietnam (Novatech Vina, Novacos Vina), Laos (Novatech Laos)China (Ningbo Novatech, Novatech Kesheng), Vietnam (Novatech Vina, Novacos Vina), Laos (Novatech Laos)
- United States (Shield Magnet patent acquisition)United States (Shield Magnet patent acquisition)
- Certifications/Patents
- Acquisition of Shield Magnet patent in 2012.Acquisition of Shield Magnet patent in 2012.
- Acquisition of Shield Magnet patents in China and the United States in 2016.Acquisition of Shield Magnet patents in China and the United States in 2016.
- Registration of three patents related to the manufacturing method of shielding magnet modules and the shielding magnet modules produced thereby in March 2021.Registration of three patents related to the manufacturing method of shielding magnet modules and the shielding magnet modules produced thereby in March 2021.
- Registration of a patent for the manufacturing method of shielding magnet modules and the shielding magnet modules produced thereby in October 2020.Registration of a patent for the manufacturing method of shielding magnet modules and the shielding magnet modules produced thereby in October 2020.
- Registration of a patent for magnet attachment modules, their manufacturing method, and mobile device protective cases containing said magnet attachment modules in April 2019.Registration of a patent for magnet attachment modules, their manufacturing method, and mobile device protective cases containing said magnet attachment modules in April 2019.
- ISO 9001 and 14001 certifications obtained by Novatech Vina, a Vietnamese subsidiary, in June 2019.ISO 9001 and 14001 certifications obtained by Novatech Vina, a Vietnamese subsidiary, in June 2019.
- Achieved an A-grade in Samsung Electronics' comprehensive supplier evaluation in November 2018.Achieved an A-grade in Samsung Electronics' comprehensive supplier evaluation in November 2018.
- Received a commendation from the INNOBIZ Association in December 2017 and certified as a diligent taxpayer by Yongin City in 2018.Received a commendation from the INNOBIZ Association in December 2017 and certified as a diligent taxpayer by Yongin City in 2018.
Introduction
Location
120 Heungdeokjungang-ro, Giheung-gu, Yongin-si, Gyeonggi-do, South Korea
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