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Intellian Selected As 'World Class 300' Company by Korean Government

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By MarEx 2016-07-07 16:04:29

Intellian’s appointment to Korea’s prestigious ‘World Class 300’ list of the country’s most promising technology companies is a distinguished achievement and confirms its commanding lead in the mobile satellite communications terminal sector.

Intellian, the global leader in maritime satellite communication antenna systems is now a fully-fledged member of the exclusive “club” comprising a group of Korean corporates recognized as the best and brightest in creative innovation, outstanding development and future market potential.

Intellian expects to receive multi million dollars in R&D funding from the Korean Government over the next five years as a result of joining the World Class 300 group. This will underpin the company’s existing commitment to invest more than $100m in game-changing technology developments over the next five years. This, says President and CEO Mr. Eric Sung, will enable Intellian to leap-frog competitors and invest in new technologies and new products in both the maritime and aviation satellite antenna sectors.

Intellian already has a strong track record in R&D spending, maintaining a policy of investing just over 10% of top line revenue each year. Over its 12-year life, the company has invested close to $40m in R&D, a key differentiator which Mr. Sung believes has been essential in keeping the company ahead of the game in a sector which is undergoing exponential growth, and development on a daily basis.

“A maritime communications revolution is taking place and we are proud to be a pioneer in this process,” said Mr. Sung. “We are committed to a continuing R&D investment program to ensure that we are leaders in game-changing satcoms technology.”

“We are delighted to be selected as a member of the World Class 300. This clearly validates all of our hard work and success so far, our financial strength, market position, and growth potential,” Mr. Sung continued. “The endorsement from the Korean Government, following analysis of thousands of other companies, technologies and markets, is a major achievement.”

“Our leadership in the segments in which we currently engage is well-established and our market share continues to grow. Our service-providing partners and the tens of thousands of end-users likely to become connected over the next five years have already taken notice of this,” Mr. Sung declared.

The products and services herein described in this press release are not endorsed by The Maritime Executive.