We were selected by Korea Technology Finance Corporation (KIBO) to receive support as part of the BIG3 full-cycle support project in recognition of its technology evaluation and business feasibility for the Patents of Cylinder Pump and Injection Preparation Kit & System.

The evaluation cost is expected to be at least $20,000, and it is an important basis for using the patented technology for various purposes such as collateral or in-kind investment as a technology value evaluation on a domestic scale rather than a global scale. In general, they apply for a patent and undergo a technology evaluation to secure business funds. The domestic-standard provisional valuation is not highly evaluated with only registered patents that have not been commercialized, so the company has to pay the evaluation cost and has not received the technology valuation with the patents held so far. As it is commercialized, sales increase, and technology valuation according to the scale of profits is highly evaluated in proportion.

This evaluation was a part of the BIG3 full-cycle support project, and there was support from the Small and Medium Business Venture Division, so we applied for evaluation. We were quickly determined as the target technology and were evaluated on the 26th.

We can receive loans with favorable terms for policy funds from financial sectors such as The Korea SMEs and Startups Agency, Korea Technology Finance Corporation, and Korea Development Bank through technology valuation. These institutions will also receive similar investments as VC, and the company's position will be different according to the value of the patent. Depending on the sponsoring institution's program, we will soon have the opportunity to provide IR (Business Presentation) to investors.

We would like to thank all of the people involved in the BIG3 implementation organization who decided to apply, and we will do our best to receive a good evaluation.

Thank you.