LS Cable & System Conducts 'Technology Contest' to Secure Future Growth Engines

Development of Cable Material Recycling Technology

LS Cable & System announced on the 26th that it will hold the '4th Technology Contest' to secure future growth engines. The application period is from the 26th to the 15th of next month.

2024 LS Cable & System Technology Contest Poster / [Image provided by LS Cable & System]

The Technology Contest (Open R&D) is a method to quickly secure core technologies that can be directly applied to key businesses by establishing cooperative relationships with leading domestic universities and research institutions. Through this technology contest, LS Cable & System plans to develop cable material recycling technology for carbon neutrality implementation, as well as digital transformation technologies to be integrated into product development and production processes.

The main contest areas include ▲ aluminum recycling for processed transmission lines ▲ fault diagnosis using big data and artificial intelligence (AI) ▲ virtual product development (VPD) ▲ next-generation smart grid performance evaluation. It also covers performance diagnosis of dynamic cables for floating offshore wind power to advance the submarine cable business, and high-performance neodymium (Nd) permanent magnet manufacturing technology to support the rare earth permanent magnet value chain business.

LS Cable & System stated, "As a global top-tier company, our goal is to secure core technologies through research and development (R&D) to preoccupy future markets," adding, "By responding ahead of changes in the industrial environment, we will create new growth engines."

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