Partnering opportunity

Korean company offers solar powered road lighting device

Summary

A Korean SME specialized has developed a solar powered road lighting device. This prevents possible tunnel accidents by altering the color of light in accordance with the traffic and road situation; and going below the road surface when vehicles directly pass over. The company wants partners to conclude license agreement to obtain the technical know-how. In addition to that, commercial agreement with technical assistance are expected to further commercialize the product in international markets.

Partner sought

- Type of partner sought: SMEs, Research Institute, Large company - Specific area of activity of the partner: The area should include road transport, traffic engineering or control system to effectively develop in its competitiveness. To fully understand the usage of a device, knowledge in solar energy would be preferential. - Task to be performed: Merchandising products based on a commercial agreement with technical assistance, targeting European nations. With the product’s nature, the company wants to explore more international opportunities in the transport services market. Also, the transfer of technology is expected under the license agreement. By doing so the partner can develop more competitive and effective solar related product.

Description

The Korean company was established in 2015, specializing in traffic-safety facility production and has developed a road lighting device. It possesses both Korean and US patent about solar road marker. The company’s product has its uniqueness as it is automatically operated upside down, thus preventing damage in the road, and the product itself. The purpose of this product is to distinguish the road lane but at the same time, guides drivers on the traffic and road situation, with its self-utilizing road lighting system day and night. There have been traffic accidents due to a lack of understanding of road systems and road signs, which are often projected and get damaged by external forces. To amend the current issue, the company’s technology enables the superstructure of a road lighting device to be absorbed inside when the external force is applied, thus improves the durability. This buffering action is carried out when more than 15kg is applied, such as vehicles. By doing so, the product can reduce road damage and prevent the possibility of an accident in projections and vehicles. At night time, the road lighting device would be illuminated with the stored solar energy during day time. Not only this but also lane departure accidents are expected to be reduced with varying colors of solar road light, especially under heavy rain, snow or fogs. This technology is operated automatically by analyzing the situation via closed-circuit television (CCTV) without any specific conductor needed. The color of the road lighting device would be altered from green to red when an accident is spotted. As a result, the technology would reduce the rate of second rear-end impacts by giving warnings to the rear driver and prompt settlement. Under the license agreement, their technology would be transformed into the forms of loyalty or specific payment. By doing so, the potential partner can obtain road lighting technology and get the know-how to further develop the item. Furthermore, the company expects commercialization under the commercial agreement with technical assistance. This would enable the promising partner to get practical advice in processing the technology. As a result, these agreements would enhance the company and partners’ efficiency in operating the technology in international market.

Advantages and innovations

 Enables the superstructure of a road lighting device to be absorbed inside when the external force is applied  Avoids self-damage and improve durability, by preventing the weight of the vehicle to be reached  Prevents the traffic accident by clarifying the road lane with LED lights  Reduces the rate of second rear-end impacts, warnings to the rear driver and prompt settlement

Development stage

Prototype available for demonstration

Intellectual Property Rights (IPR)

Patents granted


Register your interest

How it works

  • Tell us about yourself
  • We’ll discuss with you
  • We put the right partners in touch

EEN help you find the right partner, rather than you going it alone.

Our role is to review and collate the most suitable submissions, and then send them to the client who posted the opportunity. We consult with you, and the client, to make the process professional and easy.

These are live opportunities. Your registration of interest on the site is just like a professional approach to a business at a networking event. To stand the best chance of success, make your submission really sing. Sell why the client who posted the opportunity should work with you. Excite them. Ask questions. Try and avoid copy and pasting words from elsewhere.

Once the client has chosen their partner, we'll introduce them over email and keep in touch with both parties to see how it's going. Sometimes things progress quickly. Sometimes because of changing priorities for either party, things progress slowly, but you never know - your next big business break could start right here.

?What value does EEN add?
This is your pitch: remember to include your unique selling points (USP) and why someone would want to do business with you
Tell us why you are a good fit for this opportunity, and why you think you're the right people for this partnership
If there's anything additional, or commercially sensitive you'd like to know about this opportunity, please let us know

When you entered your email address above, we emailed you a code to verify you're human and have access to that account.

?What's this?

What next?

To finish up, we just need some extra details about you and your company