Navigation Links
SHIN SUNG TK, a Korean Company With Its Revolutionary IoT-based Product, iRINGER, Challenges The Global Healthcare Industry
Date:4/17/2019

Ramneek Kumar Talwar and Vineet Agarwal from Père-d-biz Consulting visited SHIN SUNG TK, a Korean company located in Gwangju, Korea, and has highly evaluated and confirmed iRINGER’s technology, a product that’s uniquely based on IoT with its own patent. The two companies were in discussion of a potential partnership since then.

After sharing relevant knowledge and information, both companies reached a conclusion to start the production of this uniquely patented device for sales in India and other countries under the direction of their joint venture entity, SHIN SUNG TK INDIA LIMITED LLC, and also in accordance with the MAKE IN INDIA program, which is led by Shri Modi, the Prime Minister of India.

Eun-Suab Lim, the CEO of SHIN SUNG TK, commented that “iRINGER products are the result of a very intense research and development carried out by the research institute of SHIN SUNG TK in Korea. We are pleased to present this new invention and have registered five patents in Korea and are waiting for five international patents to be registered.”

To this date, many countries have pursued the opportunity to manufacture iRINGER in their countries by setting up meetings with SHIN SUNG TK; however, this joint venture agreement only became possible by the strong support of the Indian embassy in Korea that led to the joint investment by INDIA INVEST and KORA PLUS. SHIN SUNG TK and Père-d-biz Consulting have signed this partnership on March 1st of 2019 to manufacture iRINGER in India in order to meet the global demand.

It is reported that 1.62% of preventable deaths, worldwide, are attributable to inadequate and unregulated IV fluid system management. Medical experts view that iRINGER is a product that’s globally demanded at the moment with potentials to save many patients' lives over the next years.

iRINGER informs and manages the rate of administration of medical fluid and intravenous injections (IV) as prescribed by doctors. In particular, iRINGER provides a smart call function, an automatic alarm system, in case of abnormal operation, and this particular function is well-received by hospital nurses. At the International Invention Exhibition that was held in Geneva, Switzerland in April 2018, SHIN SUNG TK won the Excellence Gold Award with this product.

Ramneek Kumar Talwar and Vineet Agarwal added that “Doctors, nurses, and caregivers face many risks associated with the existing medical fluid management system. By controlling existing risks, iRINGER eliminates all such problems and provides values in terms of time, cost, and patient care.”

Besides, Eun-Suab Lee added, “The production facility in India will manufacture and supply products to other countries to meet customers’ requirements. Alongside the support of Shri Modi, Prime Minister of India, we plan to gradually invest about 40 million INR (or 6.5 billion KRW) or more in India depending on the market demand. This investment is expected to create employment opportunities in R&D, sales and marketing, pre-and-post sales support, and software development.”

Ramneek Kumar Talwar, the president of the consulting arm at Pere-D-Biz, views that iRINGER is an internationally recognized invention and many venture capitalists have started to approach SHIN SUNG TK for investment to help expand this revolutionary healthcare technology to the global scale.

“We’re continuously investing on further research for iRINGER. As a road map of our product, we plan to expand iRINGER’s uses to various sectors in order to benefit the broader population across the globe. In the future, we foresee that iRINGER will be used by more people with continuous development,” added Eun-Suab Lim.

Vineet Agarwal, the Chairman of Pere-D-Biz also mentioned that “We’re very proud of this joint effort by Indian Embassy in South Korea and the Korea Plus team as they led successful investment promotion for start-ups.”

Read the full story at https://www.prweb.com/releases/shin_sung_tk_a_korean_company_with_its_revolutionary_iot_based_product_iringer_challenges_the_global_healthcare_industry/prweb16247421.htm.


'/>"/>
Source: PRWeb
Copyright©2019 Vocus, Inc.
All rights reserved


Related medicine news :

1. Spike in South Korean Male Plastic Surgery Highlights Changing Worldwide Appearance Standards and Male Acceptance of Procedures, says Beverly Hills Physicians
2. Earlypicker Harnessing Power Of Internet, Social Media To Carry Popular Korean Cosmetics
3. Aesop Rhim's Book “Prayer for Peace: The Saga of a Korean War Survivor” is One Man’s Story of how his Faith Turned his War Experiences into Forgiveness & Peace Activism
4. Dr. Rod J. Rohrich speaks at the 73rd Congress of the Korean Society of Plastic and Reconstructive Surgeons
5. Article on South Korean Program to Treat Disfigured and Scarred Northern Defectors Points Out the More Serious Side of Plastic Surgery, Notes Dr. J
6. Report Predicts Thousands of Korean Mesothelioma Deaths from Use of Asbestos Products, According to Surviving Mesothelioma
7. Indoor Air Pollution ‘Grossly Underestimated’ Says Blueair As Yellow Dust Cloud Shrouds Korean Peninsula
8. South Korean Dental Stock Abutment Market Slows as CAD/CAM Solutions Become Affordable
9. Study finds wide gap in compensation from 07 South Korean oil spill
10. Ozzie company Pharma Botanica sees dramatic increase in demand for their 100% plant medicines.
11. The Dentists Insurance Company Earns AM Best A Rating for 25th Consecutive Year
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/15/2019)... ... October 15, 2019 , ... Labeling ... IFU Guidance , **An FDAnews Webinar**, Tuesday, October 29, 2019, 1:30-3:00 p.m. EDT, ... guidance have on new drug applications and biologics license applications? , How will ...
(Date:10/11/2019)... ... October 11, 2019 , ... Only 6% of orthopedic ... of them, as well as a female physician leading the sports medicine program. These ... girls who want to succeed in traditionally male-oriented fields. , Orthopedic medicine ...
(Date:10/10/2019)... ... October 10, 2019 , ... Santa Rosa Consulting, ... for the healthcare industry, has completed the first phase of a comprehensive strategic ... of The Bahamas towards a fully integrated health information management system (iHIMS). ...
(Date:10/8/2019)... ... October 08, 2019 , ... What unique insights can three ... of aging and wellness in the nation? That question will be answered at ICAA ... Leadership Summit and Expo. The event will take place October 10-12, 2019, at the ...
(Date:10/8/2019)... ... October 08, 2019 , ... ... for the Department of Veterans Affairs Community Care Referrals and Authorizations program. The ... the VA’s Health Share Referral Manager (HSRM), an enterprise-wide system used by community ...
Breaking Medicine News(10 mins):
(Date:10/15/2019)... ... October 15, 2019 , ... Twiggy Bean, Ph.D., wanted to ... in embittered divorce battles make better decisions and become truly child focused. This objective ... bully, be resilient, and STOP the cycle! Don’t be a divorce bully!” (published by ...
(Date:10/11/2019)... ... October 11, 2019 , ... American Case Management Association (ACMA) ... dedication, compassion and quality patient outcomes achieved by case management professionals across the ... link between patients, providers and payers to improve health outcomes across the care ...
(Date:10/10/2019)... ... October 10, 2019 , ... ... of research in the field of reproductive medicine, with six abstracts accepted for ... for reproductive experts, slated for October 12-16, 2019, in Philadelphia. , “Ovation will ...
Breaking Medicine Technology: