In a strategic move aimed at revolutionizing the world of rapid prototyping, Model Solution, a subsidiary of Hankook & Company, recently forged a groundbreaking partnership with PROTOTECH, a renowned 3D printing specialist.
The memorandum of understanding (MOU) signed in April signifies a significant milestone in their quest to enhance the development of high-quality 3D printed parts and expand their global presence. Through this collaboration, Model Solution aims to provide a comprehensive one-stop solution for clients seeking top-notch prototyping services, leveraging PROTOTECH's expertise in the 3D printing industry.
Expanding Horizons with a Collaborative Vision:
Model Solution, a leading hardware platform company, offers a wide array of solutions encompassing design, engineering, prototypes, rapid molding technology, and small-scale production across various industries. By partnering with PROTOTECH, a pioneering force in 3D printing for over 27 years, Model Solution can delve into the realm of 3D printing technology and broaden its service offerings to meet the increasing demands of its clients.
Meeting the High Demands of Prototyping:The business areas of Model Solution revolve around delivering high-fidelity prototypes, molds/injections, and small-scale production for a diverse range of products. These areas necessitate cutting-edge 3D printing technology to meet the rigorous quality standards and precise specifications. Model Solution boasts state-of-the-art facilities, including Stratasys' renowned 3D printing equipment, ensuring the highest level of excellence and precision in their deliverables.
Byungil Woo, CEO of Model Solution, acknowledged the importance of 3D printing in their operations, stating, "3D printing's speed and flexibility have consistently captured our attention as it has established a strong foothold in the field of prototyping." He further emphasized the significance of the partnership with PROTOTECH, highlighting their longstanding support in advancing Model Solution's 3D printing technology and expressing enthusiasm for the expanded cooperation brought forth by the MOU.
PROTOTECH: Pioneers in the 3D Printing Landscape:
PROTOTECH, founded in 1995 during the early days of 3D printing, has emerged as a trailblazer in the industry. The company supplies comprehensive 3D printing solutions from globally recognized brands such as Stratasys, Materialize, TRUMPF, and Desktop Metal to a wide range of industries, educational institutions, and research centers in Korea. Beyond equipment supply and maintenance, PROTOTECH offers part manufacturing services, leveraging various types of 3D printers to serve leading companies. The company's commitment to innovation is evident through its active investment in developing groundbreaking 3D printing applications.
PROTOTECH's AS9100 certification, signifying compliance with the Aerospace and Defense Quality Management System, holds significant value in the domestic aerospace industry. As Model Solution expands its presence in this growing sector, the partnership allows them to tap into PROTOTECH's certification, strengthening their offerings to aerospace clients and ensuring the highest standards of quality and reliability.
Unlocking Synergies for Mutual Growth:
Sangmook Shin, CEO of PROTOTECH, expressed his optimism regarding the partnership's potential, stating, "Through this MOU, Model Solution will establish a solid foothold in the 3D printing manufacturing service business, benefiting from PROTOTECH's robust infrastructure." He further emphasized the opportunity for PROTOTECH to leverage Model Solution's extensive product development expertise, mass production customer network, and create a mutually beneficial situation, fostering a win-win scenario for both companies.
A Steady Path Towards Expansion:
Following its successful listing on the KOSDAQ market in October 2022, Model Solution has been actively expanding its business. The company has begun to actively nurture its CM (Contract Manufacturing) business unit, which became a separate Division last year. Model Solution is also actively pursuing growth by expanding into large customers in North America and expanding into new markets in Europe.
