"Applying Digital Technology to Plant Sites" Samsung Engineering Signs MOU with PTC for AR-IoT Business Development

Executive Vice President Moon Deok-gyu, Head of Solution Business Division at Samsung Engineering (left), and Executive Vice President Kim Sang-gun, Head of Domestic Sales Division at PCT Korea, are posing for a commemorative photo after signing an MOU on the 28th. (Photo by Samsung Engineering)

[Asia Economy Reporter Jeong Hyunjin] Samsung Engineering announced on the 31st that it is accelerating digital transformation (DT) by partnering with global digital solutions company PTC to promote the application and commercialization of digital technologies at plant sites.

On the 28th, Samsung Engineering signed a business agreement with PTC Korea, a global digital solutions company, for "new business development using augmented reality (AR) and Internet of Things (IoT) technologies." The signing ceremony was held at Samsung Engineering’s headquarters in Sangil-dong, Gangdong-gu, Seoul, and was attended by Samsung Engineering’s Executive Director and Head of Solution Business Division Moon Deokgyu and PTC Korea’s Executive Director and Head of Domestic Sales Division Kim Sanggeon, among other representatives from both companies.

This business agreement was promoted to apply and commercialize digital technologies at plant sites based on the expertise and know-how of both companies in plant construction, operation, and digital innovation and solutions. Through this agreement, both companies will collaborate to apply PTC Korea’s digital technologies to Samsung Engineering’s domestic and overseas sites and jointly commercialize digital technology-based plant construction and operation solutions.

PTC is a global AR and IoT platform company recognized as the "Top AR/IoT Leader of 2020" by market research firm Gartner. Samsung Engineering expects that by applying PTC’s AR technology to plant construction sites and implementing it in advance, project quality improvement and productivity enhancement will be possible. In fact, the two companies have already started collaborating and are preparing to launch an AR-based smart site management system in July.

Additionally, Samsung Engineering is focusing on the application of digital technologies in the green infrastructure sector, which involves constructing and operating eco-friendly facilities such as water treatment and air pollution control plants. Samsung Engineering stated that through this agreement, real-time monitoring and data collection at IoT-based operational sites, as well as operational efficiency improvements and AI-based analysis and prediction, are expected to be possible.

A Samsung Engineering official said, "This is part of the company’s ongoing digital innovation and commercialization of innovative solutions," and added, "We will create tangible results through close collaboration with PTC."

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