Anyang, South Korea, November 17, 2020 – RFHIC Corporation (KOSDAQ:218410), a global leader in designing and manufacturing GaN RF & Microwave solutions and its subsidiary Metal Life recently acquired B&C Tech, a pioneer in aluminum dip brazing technology designed for military antennas and air conditioning applications.
B&C (Brazing and Communications) Tech today announced a contract with NH Investment & Securities as a host company and is preparing for full-scale listing on the KOSDAQ by the end of 2022. With the merger and acquisition (M&A) of Metal Life, a subsidiary of RFHIC, the company is expected to expand its overseas defense sales.
An official from NH Investment & Securities said, “If B&C Tech, which has grown through a partnership with LIG Nex1, generates synergy through RFHIC’s overseas defense network, it will be possible to grow a virtuous cycle that can increase its competitiveness in the domestic defense industry.” “In addition, if sales continue to expand to the private sector, which is about 10% of the current total sales, it will be possible to be listed as a company attracting attention in the market,” he said.
B&C Tech is expected to generate sales of 24 billion won this year and is planning to develop overseas markets with the goal of expanding its overseas defense and civilian sector sales to 50% of total sales.
RFHIC Corporation provides innovative GaN solutions that transform how the world operates, communicates, and protects. Our cutting edge GaN technology is the core foundation of all our inventions for creating a better, faster, and more efficient world. As a global leader in designing and manufacturing GaN RF & Microwave components, we envision spurring a new era of high-powered and reliable devices for the next big change in industrial, cellular, and defense technology. Headquartered in Anyang, South Korea.
RFHIC has a US sales office in Morrisville, North Carolina, and sales distributors throughout North America, Europe, and Asia. RFHIC is an ISO9001 (International quality standard) and ISO14001 (Environmental management standard) certified company, providing reliable and dependable products worldwide.