MTI Micro Expands Business Development Efforts In Asia

October 25, 2007 by Jeff Shepard

In anticipation of the expansion of its business relationships in Korea, MTI MicroFuel Cells Inc. (MTI Micro), developer of the Mobion® micro fuel cell technology for handheld electronic devices and a subsidiary of Mechanical Technology Inc. (MTI), announced the addition of Daehong Technew Corp. (Daehong) as a new representative.

Daehong will work as part of MTI Micro’s business development team to promote and assist in establishing business relationships with new OEMs as well as maintaining day-to-day, on-going customer relationships in Korea. In addition, Daehong will be working with MTI Micro to evaluate potential manufacturing partners.

WanHo Park, General Manager of Daehong, will be leading MTI Micro’s efforts in Korea. Park has over 18 years of experience in the electronics industry and prior to joining Daehong as General Manager, he was a Strategic Business Development Manager for Samsung.

"Establishing an expanded local presence in Korea with Daehong moves us closer to our customers," said Peng Lim, CEO of MTI. "Daehong’s team will help us develop key relationships with consumer profuct OEM decision makers and foster business development, sales and support activities for our Mobion DMFC technology."

"We are very pleased to be representing MTI Micro in this exciting new endeavor," said DongKwan Kim, President and CEO of Daehong "We have been evaluating fuel cell technology for years and we see great opportunities in Korea for Mobion® – a technology that can help solve the handheld device power problem for OEMs."