Orient Precision to Develop Key Components for Advanced Industries with Comotech

Orient Precision, a company specializing in automotive parts, will work with Comotech, a technology company specializing in advanced drive components, to develop and commercialize key components for advanced industries, including defense, robotics, and future vehicles.

Orient Precision Chairman Jang Jaejin (left) and Komotech Chairman Kim Deokgeun (right) pose for a commemorative photo after signing an MOU. Orient Precision

Orient Precision said on the 12th that it had signed a memorandum of understanding (MOU) with Comotech to this effect. The agreement was pursued to identify new business opportunities and establish a cooperative framework spanning development, mass production, and market entry.

The cooperation will focus on key drive components, including motors and actuators. Starting with joint technology reviews and product development, the two companies plan to work together on prototype production and performance testing, as well as the establishment of mass-production processes and quality control.

The companies will also cooperate in sales and research and development (R&D). They plan to jointly identify new customers in Korea and abroad and participate together in government R&D projects. They will pursue commercialization in stages, starting with products whose business viability has been confirmed.

An Orient Precision official said, "This agreement marks the starting point of a partnership to extend the production technology and quality-control capabilities we have built up in our existing automotive parts business to advanced industries. By combining the core capabilities of both companies, we will develop competitive products and expand business opportunities in the defense, robotics, and future vehicle sectors."

This content was produced with the assistance of AI translation services.