LG Electronics, a global leader and technology innovator in consumer electronics announced that it signed a memorandum of understanding (MoU) related to integrated building management solutions for commercial air conditioning with Siemens, a global leader in electronics and building management systems.
Under the MoU, Siemens will become a strategic supplier for LG, providing its integrated building management solution for heating, ventilating and air conditioning (HVAC) products. This will allow LG to leverage Siemens' field engineering know-how and strategies in building management and control solution, an area where Siemens possesses top-notch technology.
The MoU's signing was marked with a ceremony held at LG's digital appliance factory in Changwon, Korea. LG executives in attendance included Hwan-Yong Nho, Executive Vice President of Air Conditioning Division for LG Electronics Digital Appliance Company; Seok-Jang Seo, Vice President of Air Conditioning Laboratory for LG Electronics Digital Appliance Company; and Innku Hur, Vice President of CAC business team for LG Electronics Digital Appliance Company.
Siemens executives included Sascha Brozek, Head of Building Technologies and Vice President of Siemens Korea; Dr Adrian Staufer, Vice President of Siemens HVAC Products Division Asia/Pacific; and In-Sun Hwang, Managing Director of HVP division for Siemens Korea.-PR