GFI to Supply KRW 15.9 Billion Fire Safety Solution for Samsung SDI's North American ESS
TECHWORLD ·
✦ AI Summary
GFI signed a contract with Samsung SDI to supply and install its battery fire safety solution, “DI-KIT,” worth about KRW 15.9 billion.
The supply period runs through 2027, and the target is 20 Samsung SDI ESS sites in North America.
GFI has set up a North American subsidiary and local warehouse, and it plans to expand its business into Europe and Southeast Asia.
GFI said it has signed a contract with Samsung SDI to supply and install its battery fire safety solution, “DI-KIT,” worth about KRW 15.9 billion, as it moves to expand its overseas business. GFI disclosed the contract on the 1st.
The supply period runs through 2027, and the target sites are 20 Samsung SDI ESS locations in North America. Through the supply and installation contract with Samsung SDI, GFI plans to provide its battery fire safety solution to ESS sites in North America.
GFI plans to design customized safety solutions for each site’s environment and carry out construction and installation as well. To that end, it has established a North American subsidiary for business expansion in the region and completed a contract for a local warehouse.
It has also conducted preliminary site inspections and is preparing systems for each location. Based on these local preparations, GFI plans to apply DI-KIT to Samsung SDI's North American ESS sites.
DI-KIT is a fire safety solution used in battery-based power infrastructure such as ESS and uninterruptible power supply (UPS). It detects gas generated from battery modules and supports early fire response by directly spraying extinguishing agent onto the ignited cell or individual module. According to the company, the average gas detection time is 1 to 3 seconds.
GFI is a partner in Samsung SDI's ESS safety systems and has continued to jointly develop related technologies with Samsung SDI. DI-KIT has been applied to Samsung Battery Box (SBB) and other products, and this contract expands the scope of DI-KIT supply to North American ESS sites.
GFI has its own microcapsule fire suppression technology and is expanding its product lineup based on that capability. Its lineup consists of DI-KIT, fire suppression sheets, and thermal runaway prevention pads, and its uses include early response to lithium-ion battery fires and prevention of fire spread. The company is also expanding its customer base in the sector.
GFI said it recently posted strong growth in performance. On a consolidated basis for the first half of this year, revenue came to KRW 35 billion, up 164.5% from a year earlier, and operating profit came to KRW 5.9 billion, up 183.6% from a year earlier.
Based on this North American supply, GFI plans to expand its ESS safety solution business into Europe and Southeast Asia. With demand expected to rise for battery-based power infrastructure such as ESS and UPS amid the expansion of AI data centers (AIDC), the company also said it intends to secure additional customers.
GFI said the contract strengthens its business foundation in the North American market and lays the groundwork for entry into global markets, including Europe. It added that, in response to ESS market growth, it will push to expand supplies of fire suppression products such as DI-KIT and also diversify its customer base.
Source: TECHWORLD · Kim Seung-gi
Original: https://www.epnc.co.kr/news/articleView.html?idxno=406363
References
This article was produced with the help of an automated content generation algorithm.
Source: TECHWORLD
View originalThis article was summarized and organized by BizCrush based on the original article from TECHWORLD. For exact quotations and full details, please refer to the original article.