LS Electric Smart Factory Innovation... "Prevent Safety Accidents by Paying LG Uplus Monthly Subscription"

Yangsa, Promoting Subscription Business for Smart Power and Factory Solutions
"Reducing Burden on SMEs and Increasing Workplace Management Efficiency"

LS Electric has achieved subscription innovation for smart factories. Going forward, smart factory business owners will be able to receive LS Electric distribution solution inspection services by subscribing to LG Uplus's monthly flat-rate bundled communication plan. This is expected to reduce the cost burden on small and medium-sized business owners and contribute to improving workplace management efficiency.

LS Electric announced that it signed a Memorandum of Understanding (MOU) on the 10th to promote the "Cloud-based Smart Power and Factory Solution Business" at the LG Uplus headquarters building in Yongsan-gu, Seoul, together with LG Uplus.

The two companies agreed to operate a solution business that diagnoses the power supply status at production sites in real time through LG Uplus's cloud wired and wireless communication and prevents equipment accidents. LS Electric's smart distribution diagnosis system and smart factory solutions will be provided to LG Uplus subscribers. Small and medium-sized enterprises, which are concerned about the high cost of introducing smart factories to all workplaces, are expected to actively utilize the subscription solution.

Jo Wook-dong, Executive Director and Head of the Energy Materials Research Institute at LS Electric (right), and Kwon Geun-seop, Head of Smart Factory Business at LG Uplus, pose for a commemorative photo after signing a business agreement.
[Photo by LS Electric]

LS Electric's smart distribution diagnosis system detects faults in advance through sensors attached to distribution panels. The sensors collect vast amounts of data via wired and wireless networks. A distribution panel is a device that distributes power to factory and building facilities. Preventing accidents in the distribution panel alone can protect factory facilities and various electrical equipment. Customers can maximize workplace energy management and production and operation efficiency by utilizing the smart factory solution.

The two companies collaborated for two years after signing the "Wireless Communication Network Combined Smart Distribution Diagnosis, Smart MV (Medium Voltage)·LV (Low Voltage) Joint Business" agreement in 2021. After confirming the high business potential of this subscription service, they decided to proceed with the business in earnest.

Joo Wook-dong, Executive Director of LS Electric, said, "Subscription products combined with cloud solutions are the best choice from the customer's perspective." Kwon Geun-seop, head of LG Uplus's Smart Factory Business, said, "The speed of protecting small and medium-sized enterprise factory production facilities and realizing a safe working environment will increase."

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