Electric Timer Controlled by an App

https://korean-electronics.com//inquiry[INQ. NO. 1706E21] Please tell us about your company’s growth engine along with a corporate introduction
Our company was established in March 2013, and I established it to develop ‘Internet of Things’ which reduces the use of electricity. I decided in 2012 to launch such a company when the power shortage problem was serious, and we have since been developing products grafting the IoT field with the purpose of reducing one nuclear power plant by reducing electricity.
We named our company “Insight Power,” which means a “Company having insight into electricity,” and began to develop “Wattdream,” which can reduce power consumption by using an app. We succeeded in developing it in 2015 and launched Wattdream, through which we are now marketing the app.

We want to know about your main products
‘Wattdream’ is small and light, weighing just 96g, with dimensions of 12 cm in width, and 4 cm in length.
However, cutting-edge technology operating smartphones and IoT is included in it. In particular, applying Bluetooth technology adds to the competitiveness of Insight Power.
Most of the existing products that control electric power by IoT use Wi-Fi. In this case, a wireless router is needed and a server is needed, too. However, in case of ‘Wattdream’ which was applied by Bluetooth, there is no need for a wireless router and there is almost no power consumption, plus it has advantage of easy installation and convenient use.
Wattdream is a product that can reduce standby power by freely turning on and off the power of household appliances at the desired time through a dedicated app. It can turn the power ON/OFF directly, or reservation setting can be used to operate it on a specific day of the week or in a specific time zone. Therefore, electricity charges can be saved if you use it, and furthermore, electric heating appliances can be used more safely, so it is very useful. By setting automatic power shut- off function every night for the water purifier or TV set-top box which is not used in the middle of the night, electricity charges can be saved, too. It also has advantage that no installation or maintenance cost is needed as it is operated using Bluetooth.
Wattdream is an electric timer controlled by an app and it is a convenient product that can adjust the usage times of home appliances at will. It can adjust ON/OFF schedules up to the minute unit freely, and it can be set to be operated only on a specific day of the week. Once it is set, it is operated independently according to the time and day of the week, even if a smartphone is not connected.

Please tell us about your major export markets and recently emerging promising markets
The more developed a country is, the more expensive the electricity charges are, so the advanced countries have an interest in saving power consumption. They have thus shown a lot of interest in Wattdream, which can easily reduce power consumption by using a smartphone app.
In the future, we are planning to develop overseas markets actively targeting advanced countries such as the USA, Germany, France, etc.

If you have any special management philosophy as CEO, please tell us about it
Wattdream is a product that enables individuals to save the energy to combat the effects of global warming. I think that the method led by the nation should be proceeded with macroscopically; on the other hand, we are planning to launch the products continuously to distribute them widely by producing the products easy to be operated in daily life by individuals. I think it is a way to contribute to society if an individual saves energy even by 10%.

Please tell us about your future vision, and give us a message for overseas buyers and customers
We have been getting good responses by launching energysaving products and have become widely known overseas, so we will develop and launch the products to be a robust enterprise related to energy. ‘Wattdream’ is an innovative product which can effectively reduce power consumption. Because of this, it has been gaining explosive popularity among domestic consumers as soon as it was released. We are looking forward to receiving even greater interest from overseas customers.

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