“POSCO ICT to make factories and cities smarter in concert with IBM.”

- Two companies will develop the platform for smarter cities and factories through strategic alliance.
- A new platform will be developed that applies POSCO ICT’s energy management system to the IBM Smarter City platform.

POSCO ICT (CEO Hur Nam-Suk) and IBM announced that two companies will implement “smart green business” for smarter cities and smarter factories through strategic alliance.

The “smart green business” based on cooperation on this occasion includes the joint development of the smart green platform for energy saving and efficiency, by concentrating two companies’ capabilities, and expansion to the global market as well as the domestic market, by carrying out joint market based on the developed platform.

For this purpose, two companies will start platform design from this month, and complete system development by the next year and implement the pilot project to improve the completeness of the platform. Developers of two companies will participate in the development of the platform, and the project will be implemented by IBM CoE (Center of Excellence), which will be installed in Korea for the first time. CoE is the organization that develops and commercializes the platform specialized in the specific industry together with the partner. POSCO ICT plans to promote the business advancement strategy by mixing IT and control technology, such as the shift from the order receiving centered business to platform based solution business.

Both companies will apply the platform for the energy saving of major factories in Korea, as well as overseas factories, including China, Vietnam, Brazil, India, and Indonesia, and expand business to the global market.

The new platform will be based on the FEMS (Factory Energy Management System), which is the smart grid solution developed by POSCO ICT, and applied to POSCO Gwangyang Steel Works for the first time in Korea, and the HEMS (Home Energy Management System). It is expected that the platform could support factory automation and save the energy-related cost up to 20%, if applied to industrial settings.