Intellian selected as ‘World Class 300’ company by Korean Government

IT and Communications, Marine Equipment Products and Services, Technical, Technology — By on July 7, 2016 at 3:58 PM
Young-Sup Joo, Minister of SMBA, and Eric Sung, President and CEO of Intellian

Young-Sup Joo, Minister of SMBA, and Eric Sung, President and CEO of Intellian

Intellian’s appointment to Korea’s prestigious ‘World Class 300’ list of the country’s most promising technology companies is a distinguished achievement and confirms its commanding lead in the mobile satellite communications terminal sector. 

Intellian, the global leader in maritime satellite communication antenna systems is now a fully-fledged member of the exclusive “club” comprising a group of Korean corporates recognized as the best and brightest in creative innovation, outstanding development and future market potential.

Intellian expects to receive multi million dollars in R&D funding from the Korean Government over the next five years as a result of joining the World Class 300 group. This will underpin the company’s existing commitment to invest more than $100m in game-changing technology developments over the next five years. This, says President and CEO Mr. Eric Sung, will enable Intellian to leap-frog competitors and invest in new technologies and new products in both the maritime and aviation satellite antenna sectors.

Eric Sung, President and CEO of Intellian receives 'World Class 300' certificate

Eric Sung, President and CEO of Intellian receives ‘World Class 300’ certificate

Intellian already has a strong track record in R&D spending, maintaining a policy of investing just over 10% of top line revenue each year. Over its 12-year life, the company has invested close to $40m in R&D, a key differentiator which Mr. Sung believes has been essential in keeping the company ahead of the game in a sector which is undergoing exponential growth, and development on a daily basis.

“A maritime communications revolution is taking place and we are proud to be a pioneer in this process, ” said Mr. Sung. “We are committed to a continuing R&D investment program to ensure that we are leaders in game-changing satcoms technology.”

“We are delighted to be selected as a member of the World Class 300. This clearly validates all of our hard work and success so far, our financial strength, market position, and growth potential, ” Mr. Sung continued. “The endorsement from the Korean Government, following analysis of thousands of other companies, technologies and markets, is a major achievement.”

“Our leadership in the segments in which we currently engage is well-established and our market share continues to grow. Our service-providing partners and the tens of thousands of end-users likely to become connected over the next five years have already taken notice of this, ” Mr. Sung declared.

For more information, please visit the Intellian website www.intelliantech.com

About Intellian
Intellian is the global leader in maritime satellite communication antenna technology, serving a wide range of industries, including Commercial Maritime, Oil & Gas, Defense & Intelligence and Luxury Yachting, with a unique three-year warranty on all product lines. Intellian’s extensive technical capabilities cover TVRO, FleetBroadband and maritime VSAT, combining Multi-band and Ka-band RF technologies, with a proven track record of delivering innovation and technology that connects and inspires. Strategically located to deliver highly responsive customer service, Intellian has offices in Seoul, Irvine, Rotterdam, Southampton, Busan and Rio de Janeiro. Connect with the best
www.intelliantech.com

Intellian world class 07072016About World Class 300
Established in 2010, the World Class 300 Program is managed by the Korea Institute for Advancement of Technology (KIAT) and the Small and Medium Business Administration. Its aim is to nurture 300 small- and mid-sized enterprises (SMEs) with high-growth potential, known as “hidden champions”, into competitive global players by 2020. To date, 231 companies have been inducted into the Program. The concept of the World Class 300 Program was adopted by the Korean Government based on a book by German author Hermann Simon, ‘Hidden Champions’, in which the development of 500 small German enterprises which now hold leading global positions was tracked.

 

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