The Korea Water Resources Corporation (K-water) participated in CES 2024, which was held in Las Vegas, Nevada, USA from January 9th to 12th. 19 partner companies participated, providing an opportunity to expand the global market.
K-water's booth attracted a large number of buyers, investors, accelerators, and universities from all over the world. After more than 630 negotiations in total, we succeeded in concluding export negotiations totaling 35 billion won (US$26.47 million) and investment agreements worth 16 billion won.
As part of the partnership, SMT announced an IoT device that measures real-time water quality and temperature using the kinetic energy generated solely from water pressure. The company achieved significant results, including an exclusive license agreement in Turkey and a non-disclosure agreement for technology exchange with a Swiss company. Another participating company, GSIL, which successfully exported digital twin active safety technology for construction sites to Aramco, is currently in export negotiations with a Japanese construction company.
Additionally, the “Water Industry Future Vision Forum” held as part of the opening event of the K-water exhibition booth on January 9th attracted the attention of domestic and international innovative companies gathered at Eureka Park at CES. At the forum, startups shared their global expansion strategies. BTE CEO Shim Gyu-jeong, who won the Innovation Award with the support of K-water at last year's CES, shared his experience in entering the US market. The company's main product, mobile hydrogen charging stations, signed a 46 billion won export contract with a US company in September last year.
Since 2018, K-water has played a pivotal role as a platform to support innovative startups, providing customized assistance at different growth stages, including entrepreneurship, financing, technology consulting, and market development. I have fulfilled my goal. As a result, the fishing industry, which is centered around construction and large corporations, has diversified by integrating AI, energy, etc., and has transformed into a dynamic ecosystem of innovative industries in which small and medium-sized enterprises also actively participate. I am. As a startup.