|Title NEXEN TIRE Partners with Plug and Play for Future Technology and Business Development||Date2019-06-17|
- NEXEN TIRE forms strategic partnership with Plug and Play, world’s most impactful innovation platform
- The company plans to build a global network of start-ups in the tire and mobility industries with promising technology and business capabilities
NEXEN TIRE and Plug and Play announces partnership for future technology and business development at the Plug and Play Summer Expo on June 13, 2019.
From left; Don Lee, Executive Director of NEXEN TIRE America Technical Center,
Johannes Rott, Director, German Corporate Partnerships,
Saeed Amidi, CEO & Founder.
(SEOUL, South Korea, June 18, 2019) – NEXEN TIRE, a leading global tire manufacturer, announced that it has formed a strategic partnership with Plug and Play, the world’s largest corporate innovation platform and startup accelerator.
As a part of its effort to build an infrastructure for future technology development and new business initiation, NEXEN TIRE has decided to join forces with Plug and Play. As a market leading accelerator, Plug and Play was an early investor in Silicon Valley’s most renowned firms including PayPal, Lending Club, Dropbox and SoundHound.
The two companies announced a partnership on June 13th at Plug and Play’s HQ in Sunnyvale, California, forming a strategic partnership to pursue innovative collaborations in the tire and mobility industries. The announcement was made during the Summer Expo, one of the largest events at Plug and Play with over 500 attendees from major OEMs, top automotive suppliers, top tier venture capitalists, and startups.
Through the partnership with Plug and Play, NEXEN TIRE will seek to partner up with the next wave of the most promising technologies in the tire and mobility industries. This should also enable NEXEN TIRE to realize its ‘open R&D’ philosophy, offering collaboration and partnerships, especially to firms in the tire technology field.
Don Lee, Executive Director of NEXEN TIRE America Technical Center said “NEXEN TIRE is pleased to announce the partnership with Plug and Play, one of the world’s leading accelerators,” adding, “We hope to utilize this opportunity to build a stronger global presence in terms of technology and business, and transform into an innovative corporation while also contributing to the start-up ecosystem as a whole.”
Sobhan Khani, Vice President, Mobility & IoT of Plug and Play also commented, “We are delighted to have another global corporation join our platform,” and added, “We hope this partnership will serve as an opportunity for both NEXEN TIRE and Plug and Play in nurturing an innovative business ecosystem for the automobile industry.”