Jokwang Paint Challenges Development of Chemical Solutions to Enhance Drone Performance

Kang Beom-su, CEO of P&U Drone (left), and Yang Seong-a, CEO of Chokwang Paint (right), posing after the agreement ceremony. [Photo by Chokwang Paint]

[Asia Economy Reporter Kim Jong-hwa] Jogwang Paint Co., Ltd. announced on the 6th that it signed a joint development agreement with P&U Drone Co., Ltd., a high-performance industrial drone developer, on the 29th of last month, and plans to develop chemical solutions to enhance drone performance and lead the drone market.

Through this agreement, Jogwang Paint and P&U Drone will develop thermal management solutions to reduce heat generation in the internal engine block and battery of hybrid drone bodies. They will also conduct joint research and field tests on chemical technologies to improve and complement the functions of core components of hybrid drones, such as chemical solutions that protect the drone body from extreme environmental conditions and enhance flight performance.

A representative from Jogwang Paint stated, "With 75 years of accumulated chemical technology expertise, we expect to achieve meaningful results soon," adding, "Our goal is to enter the large drone market and lead it through the accumulation and standardization of chemical solution data for drones."

This development project by Jogwang Paint corresponds to the future transportation equipment industry, one of the seven strategic industries of Busan Metropolitan City, and has been selected for the '2021 Busan-type Hidden Champion Development Project' in connection with this.