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<Signing of MOU with Netherlands' Amsterdam Consultancy NBA>
(From left to right) Paul Iske (Co-founder of NBA), Jan Peter Balkenende (Former Prime Minister of the Netherlands and NBA Honorary Ambassador), MinSung Hwangbo (CEO of FUST Lab Co., Ltd) Boo-Hwan Byun (Co-founder of NBA).
FUST Lab Co., Ltd has signed a business agreement with the Netherlands' No Boundaries Academy (NBA).
FUST Lab (CEO: MinSung Hwangbo) signed a Memorandum of Understanding (MoU) with the consultancy firm NBA (No Boundaries Academy) in Amsterdam, Netherlands, on January 23rd. This agreement established a foundation for market expansion into Europe through the establishment of local networks, business collaboration, and operational support cooperation.
NBA, known for its involvement of former and current professors and employees from global innovative companies such as Roche, DSM, NLC, Boskalis, Shell, and APG, is renowned for its activities in establishing European regional networks, facilitating business connections, and conducting joint R&D planning. Jan Peter Balkenende, former Prime Minister of the Netherlands, is famously associated with NBA as an honorary ambassador. Recently, Tjark Tjin-A_Tsai CEO of TNO, Europe’s fourth largest research institute, has joined as an honorary ambassador.
<Amsterdam NLC Technology Exchange Conference>
During the event held in Amsterdam, the Netherlands, FUST Lab engaged in technology presentations and exchanges with global companies such as Roche, DSM, NLC (European Healthtech Venture Builder), and Boskalis. This allowed for the exploration of technology applications and business opportunities. Further business discussions are underway to determine specific collaboration strategies.
FUST Lab plans to release its emulsion and dispersion equipment in the domestic market in the second half of 2023, followed by sequential market expansions into Japan, Europe, and the United States. Through this MOU as the starting point, the company will intensify its preparations for market entry into Europe.
