There is definitely business potential, and not just academic. The idea is to merge Israeli technology with Korean equipment and operational ability.
(PRWEB) March 25, 2010
IQwind Ltd., innovator of a variable gearbox for the wind industry known as the IQgearboxTM, hosted a 40- member delegation of high-ranking South Korean visitors at its headquarters in Bazra last week. The group of emissaries was made up of representatives from R&D centers, local authorities and 22 companies.
The delegation’s 10-day visit included meetings with 12 other Israeli clean technology companies, amongst them Better Place and Ormat Industries, as well as discussions with Israeli government officials from the Foreign Ministry, National Infrastructure Ministry and Industry Trade and Labor Ministry. The delegation also had the opportunity to meet with the Israeli president, Shimon Peres.
“The renewable energy field is seen as the future growth engine for Korea, and Israel is ranked fourth in the world in terms of companies operating in the sector,” said Ma Young-Sam, the South Korean ambassador to Israel. “There is definitely business potential, and not just academic. The idea is to merge Israeli technology with Korean equipment and operational ability.”
During the visit to IQwind, founder and CEO Gideon Ziegelman concluded his presentation to the delegation saying that: “IQwind has received several accolades in the cleantech sphere and is poised to become a leader in the wind industry.” Furthermore, he added that “the core technology behind the IQgearbox enables substantial improvements to both new and existing turbines and is a fully mechanical solution that is currently unavailable in the market.” The visitors were then invited to visit the company workshop and to view a demo of the IQgearbox prototype.