(株)ISON

400 Million Won Collaborative Research Grant Offered to RIST and ISONResearch Institute of Industrial Science & Technology (RIST) led by Yoo Seong announced on Thursday, August 1, that its “Development of Steel Beam and Modular Architecture of Photovoltaic Plants” has been nominated as one of the research projects in 2019 by Steel & Convergence Technology Research Association (SCRA) currently represented by Chairman Lee Deok-lak. The Project was jointly proposed by CEO Kim Eung-uk of ISON, a small but rising giant located in Pohang. SCRA promised 400 million Won fund to ISON and R&D team at RIST led by Dr. Shin Hong-cheol. “If the Project comes out successful,” said an official from ISON, “it will advance deep foundation construction using POSCO’s ‘Magnesium Aluminum Alloy Coating Product’ as well as modular constructions which involves assembling prefabricated sections and photovoltaic parts at the final building site.” The same official noted that “innovative solar generator installation technology is estimated to bring an increase in annual sales of over 50 billion Won.”The official further added, “RIST will help ISON bring patented technologies to market,” and expressed resolve to “expand POSCO’s steel sales channels and set a good example of mutual growth.” Original text link: https://news.mt.co.kr/mtview.php?no=2019080112054861753 Reference: Park Sae-rom, Medium Enterprise Partnership, Moneytoday, published on August 1, 2019, 5:17 p.m., distributed on August 1, 2019. Retrieved from