Korean home appliance manufacturer LG Electronics (LG) has more than 400 patents registered under it related to door-ice making technology. It has now licensed the patented technology for use in refrigerators sold by GE appliances; which is the home appliance unit of US-based electronic giant GE, which Haier of China acquired almost three years back in 2016. The companies have yet not disclosed the specific terms of the deal.
LG no doubt is a leader in home appliances, smart home solutions, air quality systems as well as visionary products featuring artificial intelligence, with so many of its patent portfolios. This agreement is a result of months of negotiations between the two parties on which LG said that it emphasizes the value of its patent portfolio and leadership in home appliances.
The technology that the Haier just entered into uses cold air from the freezer to freeze water inside the door, without installing a separate ice-making machine; all of which are included in the agreement of the LG’s proprietary technology.
As per the latest news, The reason why this door-ice technology is in discussions so much is that the technology allows for slim and sleek profile designs. The LG door-ice technology maximizes usable space inside the refrigerator for storage of other stuff, taking up much less room than a conventional refrigerator ice maker. Then obviously there is more space left for food storage in the refrigeration compartment.
Song Dae- Hyun, President of LG Electronics Home Appliances and Air Solution Company, said that the company will continue developing cutting-edge technologies while also protecting its intellectual property. “Our desire to deliver more convenience and functionality to customers drives us to develop innovative new core technologies such as our door-ice making inventions,” Song said.
LG has one of the core leading technologies in the industry which aims to provide a complete solution for the home. The thoughtfully designed kitchen appliances, living appliances, and air solution products are making life easier and better for its consumers around the world.
Talking about home appliances of LG, the company just debuted its first washing machine plant in Tennessee, US. The manufacturing facility costs around $360 million which is located in Clarksville. Extending its reach, LG smartphones are also been launched one after one. Its W series-W10, W30, and W30 pro will be sold exclusively on Amazon. Their smartphones are priced at ₹8,999 onwards, giving a price- edge competition to its competitors.
“We expect double-digit market share by mid-2020 with the India-specific, value-for-money ‘W’ series,” LG India Business Head (Mobiles) Advait Vaidya said. “The youth are the first adopters of any technology. Our global portfolio was not talking to that target audience. Especially with our product’s pricing, the devices were not resonating with the millennial user. With this new series, we want to talk to that target audience, the millennial. We want to build market share and brand resilience of our smartphones with them,” Advait Vaidya added.
LG is definitely making lives good by providing an award-winning line up of appliances for the home be it in the kitchen or laundry room.