Industrial accidents and facility collapse used to occur often in the past while a worker was trying to erect telephone posts to repair the existing cable facilities. Selected in 2017 Startup Great Jump Package Support Project by Startup Promotion Center of Gwangju Institute of Science and Technology, ANTNET has launched a 'laminated optical-wire storage box' that prevents accidents while work and increases the efficiency of product maintenance and repair. This product has been drawing positive responses in home and abroad because it has less entanglement issues than the three other products and thus enables efficient maintenance and repair. We organized our questions on the company and product in Q&As through an interview with CEO Chae-hyeon Lim of ANTNET.
(Photo: CEO Chae-hyeon Lim of ANTNET)
Q: Could you introduce about your company to us?
A: ANTNET is a company that develops and produces optical communications parts.
Q: Could you talk about the core human resources that are leading the company?
A: I've worked for 20 years in construction companies for onsite optical communications such as SKT, LG U+, KT, etc. since 1994. Most of our employees have abundant onsite experiences that they have the technical capability to respond immediately to issues and can reflect them on technologies.
Q: What is the product/service/solution/technology you are introducing to us?
A: Our 'laminated optical-wire storage box' was developed to be quickly adaptable and applicable to each environment of telecommunications companies. Its structure enables independent, separated storage of optical cable to allow maintenance and management to happen within a very fast time after a communications failure occurs.
Q: How is it differentiated from other company products?
Its time efficiency is much superior to the existing product as it can be maintained and repaired fast with much less issues of entanglement.
Q: What are the specific achievements you've made so far?
A: I've mainly focused on reducing all kinds of disorders and disruptions such as cable entanglement while developing the product. For the last 30 years, the existing structure of optical-wire storage has been all-in-one in competitors' products, so I can confidently say that the separate-type structure of ANTNET's LJ144 laminated optical-wire storage box is a differentiated element in the field. We have already registered patents in Korea and the U.S. for the laminated optical-wire storage box.
Q: Are there any issues of partnership and investment you are discussing?
A: We are currently testing a business model while discussing our product with SK Telecom, and are talking about our product with the local distributors in the Vietnamese and the Chinese markets.
Q: What are your future plans?
The Gwangju Institute of Science and Technology was established to nurture talented human resources of advanced science and technology, promote collaborative researches with industries and education/research with foreign countries, and contribute to national science technologies and balanced regional development. The institute is carrying out plans such as building a global campus equipped with global competitiveness through the 'Cradle of creative science and technology for the future', proposing an innovative research model through collaborative global convergence research and convergence across academic disciplines, and nurturing human resources for youth startups for generating national growth engine. The IR pitching video created with the support of Gwangju Institute of Science and Technology is one of the projects to successfully attract investments for excellent startup companies.
A: We plan to supply our first products to SK Telecom by the end of this year or early next year, and aim to occupy 30% of the Korean market share by the 2023. We are also preparing the development of an upgraded product from the existing one, which we seek to launch at the right time.