BMT Patents 'Universal Power Factor Compensation Device' Technology for Reducing Electricity Bills

[Asia Economy Reporter Hyungsoo Park] BMT announced on the 10th that it has obtained a domestic patent for the ‘Universal Power Factor Correction Device.’ BMT is a specialized company in ▲fittings and valves ▲electrical distribution panels ▲energy management solutions.

The Universal Power Factor Correction Device improves the individual power factor (effectively used power amount) of electric loads with various capacities using a single device. It is a technology that can gradually improve the power factor up to 100% beyond the set target value.

The patented technology provides a device that compensates the power factor and enables the electric load to stably maintain a power factor above a certain value during operation. It improves the shortcomings of conventional power factor correction technology, saving electricity consumption and reducing electricity bills. BMT plans to apply the patent as an option to distribution panels, MCC (Motor Control Centers), and branch distribution panels currently on sale.

A company official said, "This patent is meaningful as it helps save electricity consumption amid recent news of electricity rate hikes promoted by Korea Electric Power Corporation and the Ministry of Trade, Industry and Energy," adding, "We will strengthen technological competitiveness through continuous research and development investment."

BMT invests about 5% of its sales in research and development. Along with the favorable performance of the existing fittings and valves business, achievements are continuing in the electrical distribution panel business.

At the end of last year, BMT signed a supply contract worth 4.8 billion KRW for low-voltage distribution panels with Samsung C&T for the expansion project of Dhaka International Airport in Bangladesh. At the international electric power exhibition held last month, it showcased its self-developed MCSG (Metal Closed Switchgear). BMT’s extra-high voltage 25.8kV MCSG and high voltage 7.2kV MCSG products passed tests according to IEC 62271-200, as stipulated by the International Electrotechnical Commission (IEC).

A BMT official said, "Performance is growing through various orders and new product development," adding, "In the core fittings and valves sector, favorable market conditions continue due to the LNG industry boom and the activation of refinery and gas plant projects driven by rising international oil prices."

He continued, "Based on the certification obtained in March for fittings and valves products from Aramco, the world’s largest oil company, various business opportunities are emerging," emphasizing, "We expect the highest quarterly performance in the second quarter of this year."

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