Twinny and Hankook Engineering Works Join Hands to Expand Autonomous Robot Development Business

November 30, 2023 12:00 AM AEDT | By Cision

Twinny and Hankook Engineering Works Join Hands to Expand Autonomous Robot Development Business — Image source: Kalkine Media

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DAEJEON, South Korea, Nov. 29, 2023 /PRNewswire/ -- On the 13th of last month, Twinny (CEO Cheon Hong-seok and Cheon Young-seok) announced that it has entered into a strategic business agreement with Hankook Engineering Works (CEO Moon Dong-hwan) to advance the development of autonomous robots. The agreement was made at the headquarters in Daejeon.

Twinny Co-CEOs Cheon Hong-seok and Cheon Young-seok, along with Hankook Engineering Works CEO Moon Dong-hwan, commemorate the signing of a business agreement at Twinny's Daejeon headquarters on the 13th, as they advance efforts to expand the autonomous robot development business.

Both companies will collaborate on the joint development of autonomous robots. To facilitate smooth product supply, Hankook Engineering Works plans to establish a mass production system. Additionally, the two companies plan to cooperate on the expansion of channels, including factories, logistics centers, and other facilities, both domestically and internationally. They also aim to explore new markets in the logistics sector, such as government offices, train stations, terminals, and mixed-use facilities, utilizing autonomous driving robots.

Cheon Hong-seok, CEO of Twinny, stated, "Through collaboration with Hankook Engineering Works, we will develop and supply logistics transportation robots that combine Twinny's strengths in autonomous driving technology." He added, "Beyond development, through active cooperation in mass production and business, we will significantly increase market awareness and product supply."

Moon Dong-hwan, CEO of Hankook Engineering Works, mentioned, "Hankook Engineering Works possesses capabilities and networks accumulated over decades as a specialized company in manufacturing facilities for various industries, focusing on automation and unmanned systems." He continued, "As a result of this agreement, both companies will spare no effort in finding the sites where robots are needed and making wholehearted efforts towards customerization to expand the autonomous robot business they aim for."

Founded in 2015 by twin brothers Cheon Hong-seok and Cheon Young-seok, Twinny is a specialized robot company that develops autonomous logistics transportation robots. The company has been at the forefront of developing products that enable autonomous driving indoors and outdoors for purposes such as factory automation and logistics center order picking. Recently, Twinny collaborated with the Korea Railroad to develop and deploy autonomous driving robots at Gwangmyeong Station to enhance the convenience of passengers.

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