Kyungnam University's Industry-Academic Cooperation Foundation on the 8th signed an industry-academic cooperation memorandum of understanding (MOU) at Kyungnam University with three companies—Manho Rope & Wire and its subsidiaries MH Dynamics and MH Systems—for "support to build AI-based smart factories and to promote technology commercialization."

Through this agreement, Kyungnam University and Manho Rope & Wire agreed to establish a cooperative system to spur the digital transformation of local manufacturers and to build AI-based smart factories and commercialize technologies.

Bird's-eye rendering of the Manho Rope & Wire research building. /Courtesy of Manho Rope & Wire

Under the agreement, the parties plan to cooperate in various areas, including: ▲ support for building AI-based smart factories ▲ joint cooperation to invigorate local industry-academic collaboration ▲ technology and management consulting and joint research ▲ joint operation of industry-academic seminars, special lectures, and workshops ▲ expansion of the Gyeongsangnam-do RISE project and linkage to field training and employment ▲ discovery of new joint projects.

Han Sang-bo, head of Kyungnam University's Industry-Academic Cooperation Foundation, said, "This agreement will be an important starting point for realizing AI-based smart manufacturing innovation by combining the university's research capabilities with corporations' on-site industrial experience," adding, "We will enhance local corporations' technological competitiveness, build a sustainable industry-academic cooperation model that connects technology commercialization, talent development, and the RISE project, and contribute to the development of the regional industry."

Ahn Byung-du, chair of Manho Rope & Wire, said, "For Manho Rope & Wire, MH Systems Co., Ltd., and MH Dynamics to leap forward as corporations leading the AI-based intelligent robotics market, building smart factories is a core task," and noted, "By working with Kyungnam University, we will accelerate manufacturing innovation and technology commercialization and contribute to the development of the regional industrial ecosystem."

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