Xperix Invests 10 Billion KRW in Subsidiary XAM... Full-Scale Entry into Materials Business

Xperix (CEO Yoon Sang-chul)'s new subsidiary, XAM Inc., announced on the 15th that it has made a convertible redeemable preferred stock investment in The Gauss Inc. and is accelerating its full-scale entry into the materials business by establishing a joint venture with The Gauss.

The Gauss, participating in this joint venture, is a company recognized for its technological capabilities, supplying key components for the world's first mass production of an 11.1kW wireless charging system for electric vehicles. It closely collaborates with automotive parts manufacturers to develop and supply power transmission and conversion components for core electric vehicle parts such as OBC, LDC, and ICCU. The power conversion and transmission components have already secured supply contracts with major domestic and international companies, and a factory is being established in Vietnam to expand mass production. The business scope is expanding from EVs to overall mobility including AMR (Automated Mobile Robot), KTX, Fuel Cell Boats, and to large-capacity servers and ESS (Elastic Storage Server) requiring high power and high efficiency.

Recently, The Gauss developed a module that solves the heat generation problem under high power conditions of a 30kW power pack for electric vehicle fast chargers and received mass production approval, gaining recognition for its thermal management technology. The company has completed the development of a product that improves the heat dissipation material applied in mass production by reducing the amount of existing ceramic filler and applying a self-developed material, resulting in a lighter weight product with excellent heat dissipation effects, and is currently preparing for supply. Additionally, it has focused on developing flame-retardant and non-combustible materials applied to existing EV parts, possessing technologies for flame-retardant products in the form of sheets, tapes, and spacers using carbon-based composite materials including graphene, as well as encapsulants and pads as thermal materials, actively progressing mass production and product development.

This thermal management materials business plans to proceed with full-scale commercialization by establishing a joint venture with XAM, accelerating research and development and mass production of these materials through the joint venture. XAM is a 100% subsidiary of Xperix, established in August with a capital investment of 10 billion KRW to enter the advanced new materials business.

Yoon Sang-chul, CEO of Xperix and XAM, stated, “The Gauss has developed lightweight yet highly effective heat dissipation products by applying carbon-based composite materials, gaining recognition domestically and internationally,” and added, “XAM plans to jointly develop applied materials through the JV with The Gauss and make a full-scale entry into the materials business.”