SEOUL, South Korea, Feb. 12, 2026 /PRNewswire/ -- Under the strategic leadership of Hyosung Chairman Hyun-Joon Cho, Hyosung Heavy Industries has secured a record-breaking contract in the U.S. power market, marking the largest order in the company's history and underscoring its expanding role in U.S. grid modernization efforts.
Hyosung Heavy Industries recently signed a supply contract worth approximately USD 530 million with a major U.S. transmission grid operator for power equipment, including 765kV ultra-high-voltage transformers and reactors. This contract represents the largest single order ever awarded to a Korean power equipment manufacturer in the U.S. market.
In 2025, Hyosung Heavy Industries became the first Korean company to sign a "full-package" supply contract in the United States for power equipment, including 765kV ultra-high-voltage transformers and 800kV ultra-high-voltage GIS(Gas Insulated Switchgears); building on this achievement, the company has continued its streak of large-scale orders into the new year, further cementing its position in the U.S. 765kV segment. Beyond its role as an equipment manufacturer, Hyosung Heavy Industries is expected to play a leading role as a "Total Solution Provider" in the full-scale implementation of U.S. 765kV transmission grid construction projects.
Power demand in the United States is expected to increase by approximately 25% over the next decade, driven by the rapid expansion of AI data centers and the growing adoption of electric vehicles. To meet this projected increase in demand, major U.S. electric utilities are accelerating plans to construct 765kV transmission grids. The 765kV system enables long-distance delivery of large-capacity electricity while significantly reducing line losses compared to existing 345kV or 500kV systems.
Hyosung Heavy Industries currently supplies nearly half of the 765kV ultra-high-voltage transformers installed across the U.S. power grid and has maintained the largest market share in the U.S. 765kV ultra-high-voltage transformer market since the early 2010s. Leveraging its proven product reliability and technological excellence, the company has followed its large-scale supply contract in 2025 with this latest mega-order, further reinforcing its established position in the U.S. 765kV ultra-high-voltage transformer market.
The 765kV ultra-high-voltage transformer is a highly complex piece of power equipment that requires advanced high-voltage insulation technology as well as rigorous testing and validation processes.
Hyosung Heavy Industries established its U.S. subsidiary in 2001 and became the first Korean company to export 765kV ultra-high-voltage transformers to the United States in 2010. Since 2020, the company has operated a transformer manufacturing facility in Memphis, Tennessee, which is currently the only plant in the United States capable of designing and producing 765kV ultra-high-voltage transformers.
The company is also actively advancing efforts to localize talent development. Through partnerships with local technical colleges, Hyosung Heavy Industries is recruiting top talent and is committed to cultivating mid-level managers and executives through comprehensive career development and professional training programs.
This record-scale order was secured under the direct leadership of Hyosung Chairman Hyun-Joon Cho, reflecting the company's long-term investment strategy in the U.S. market and its sustained focus on ultra-high-voltage transmission infrastructure. Chairman Cho has strengthened Hyosung Heavy Industries' U.S. presence through ongoing engagement with federal, state, and industry stakeholders, including U.S. Secretary of Energy Chris Wright, U.S. Senator Bill Hagerty of Tennessee, Oracle Corporation Executive Vice Chair Safra A. Catz, GE Vernova CEO Scott L. Strazik, and Tennessee Governor Bill Lee.
"Driven by the expansion of AI and data centers, power infrastructure has become a core industry directly linked to national security," Chairman Cho stated. "Leveraging Hyosung Heavy Industries' Memphis manufacturing base and its ultra-high-voltage technology, we must establish ourselves as an essential long-term partner in ensuring the stability of the U.S. power grid."
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Hyosung Heavy Industries Secures Record Order as Hyun-Joon Cho's U.S. Strategy Pays Off
POMONA, Calif., April 4, 2026 /PRNewswire/ -- As families prepare for Easter, a season defined by family reunions, outdoor festivities, and shared traditions, Nework, an audiovisual and collaborative solutions provider for education, business, and home, is redefining seasonal entertainment with its MoveMate Series Portable TVs. Designed for ultimate mobility and premium performance, the MoveMate lineup offers a sophisticated way to bring digital entertainment into every corner of the holiday celebration. To celebrate the season, Nework has launched its Spring Sale, featuring an instant $60 discount across the series. The MoveMate AI is now available for $599.99, while the MoveMate Hi-Fi flagship is priced at $689.99.
Redefining Holiday Entertainment
The Nework MoveMate Hi‑Fi exemplifies how technology can enrich Easter gatherings with minimal effort. During backyard brunches or patio parties, the device functions as a mobile backdrop, effortlessly rolling from the kitchen to the lawn on its silent casters. Its professionally tuned 44W audio system, complete with quad speakers and a dedicated subwoofer, fills open spaces with warm, room‑enveloping sound, making it ideal for holiday playlists, family movies, or ambient visuals that add charm to spring celebrations. The 27‑inch FHD display provides crisp imagery at any angle, while the rotatable and height‑adjustable design ensures clear views whether placed beside a picnic table or within a cozy indoor corner.
As spring evenings warm up, outdoor movie nights have become a beloved seasonal ritual. After an afternoon of egg hunts, the MoveMate Hi‑Fi can be wheeled onto the grass to create an instant open‑air cinema. Its powerful audio performance strengthens the sense of immersion, while Bluetooth, Wi‑Fi 6, and streaming app compatibility ensure quick and smooth setup. For families who enjoy capturing shared memories on camera, the device's HD camera adds a layer of convenience and security with a physical privacy cover.
A Modern Gift for the Modern Home
For families seeking a standout Easter surprise, the MoveMate Hi‑Fi also lends itself to creative gifting. Instead of filling oversized baskets with candy or toys, households are presenting the portable TV as the "grand prize" of Easter morning. As a premium yet practical gift, it brings long‑term entertainment value through its smart system, which offers access to streaming platforms, cooking apps, video‑call tools, and more. The built‑in battery delivers up to eight hours of wireless use, supporting the spontaneity of holiday activities.
The Nework MoveMate AI presents another compelling option for family use and Easter gifting. With a 27‑inch multi‑touch display, up to 16 hours of battery life, and EDLA‑certified Android 14 smart features, the MoveMate AI offers versatility for both entertainment and productivity. It functions as a cooking companion during Easter meal preparations, streaming step‑by‑step recipes or hosting video chats with distant relatives. Its adjustable stand and five‑wheel mobility make repositioning effortless in busy kitchens or living rooms, while the Qualcomm octa‑core processor ensures smooth performance across apps, from YouTube tutorials to streaming platforms.
This renewed focus on adaptive home technology aligns with Nework's vision. "At Nework, technology should adapt to people's lives, not the other way around. The MoveMate series is designed to bring flexibility, connection, and joy to everyday moments, especially during meaningful occasions like Easter," said the CEO of Nework.
As families across the United States embrace more flexible, mobile, and immersive entertainment experiences, the MoveMate Series continues to stand out as a forward‑thinking lifestyle upgrade. Whether used indoors for cooking, outdoors for movie nights, or as a creative Easter morning reveal, it offers a premium blend of functionality and festive delight.
For more information, please visit https://nework.us/, or connect with Nework:
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Elevate Easter Celebrations: Nework Introduces MoveMate Series Portable TVs for Effortless Family Moments
