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- The leading AI-first engineering platform for physical product development, trusted by the world's top OEMs and industrial manufacturers
- Deepening direct collaboration with Hanwha Ocean and other leading global automotive OEMs and Tier 1 suppliers in the region.
- Dr. Eunjoo Lee, former CEO of IBM Korea and Executive VP at Samsung, joins as Board Advisor
SEOUL, South Korea, June 9, 2026 /PRNewswire/ -- Neural Concept, the world leader in AI-driven physical product development, today announced the opening of its first direct office in Seoul and its first in APAC. The new office reflects growing demand from Korean manufacturers that are moving beyond isolated AI pilots and toward production-scale deployment across engineering teams. Neural Concept has confirmed plans to expand its work, with direct local support now available for deployment, capability-building and long-term engineering transformation.
Across Korea's industrial base, engineering teams are under pressure to shorten development cycles while managing rising product complexity. In many organizations, critical workflows still remain fragmented across CAD, simulation and internal data environments, slowing iteration and limiting the impact of AI.
"South Korea is one of the world's most advanced manufacturing countries, and it is becoming a defining market for the next generation of engineering, " said Pierre Baqué, CEO and founder at Neural Concept. "The shift is no longer about experimenting with AI around the edges. It is about embedding Engineering Intelligence into core product development workflows. Opening our Seoul office allows us to support that transition directly, with the proximity and long-term commitment our customers expect."
"We see Seoul as a strategic base for one of the world's most important engineering ecosystems," said Jiwon Jung, Regional Sales Director for APAC at Neural Concept. "From automotive and electrification to shipbuilding, electronics and semiconductors, Korean manufacturers are setting the pace in industrial innovation. A direct presence allows us to support customers locally, accelerate adoption and help teams turn AI into an operational capability, beyond a promising concept."
Neural Concept has also appointed Dr. Eunjoo Lee as Board Advisor. Based in Korea, she brings over two decades of experience in enterprise AI and digital transformation, including leadership roles as former CEO of IBM Korea and Executive Vice President at Samsung, strengthening the company's APAC presence.
For manufacturers in the region, the move comes as AI adoption enters a new phase. Rather than layering AI onto legacy systems through disconnected experiments, leading engineering organizations are looking for infrastructure that can support production-scale workflows, governance and measurable business impact. Neural Concept's AI-native architecture is designed for that transition, providing an intelligence layer that fits directly into the way engineering teams already work.
"Neural Concept's platform demonstrated promising capabilities that could help accelerate our design workflows and make AI adoption far more practical," said Dongkwon Lee, SVP of Basic Performance Research Center, Hanwha Ocean.
The Seoul office opening builds on Neural Concept's global expansion, including the company's growth in the United States and its $100 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives. As adoption accelerates across Korea, Japan and other major industrial markets, Neural Concept is investing in the local presence and delivery capabilities needed to help manufacturers scale Engineering Intelligence across the enterprise.
About Neural Concept
Neural Concept provides the intelligence layer for engineering, enabling companies to design and develop complex, high-performance products faster and more efficiently. Its AI-native platform embeds physics-aware intelligence directly into design and simulation workflows, empowering engineering teams to make continuous, AI-augmented decisions at every stage of product development.
Founded in 2019, Neural Concept serves leading OEMs and engineering organizations across automotive, aerospace, energy, consumer electronics, semiconductors and defense. Headquartered in Switzerland, the company has a growing global presence including offices in Munich, New York and the Asia-Pacific region, and is backed by global investors, including Goldman Sachs, Forestay Capital and D. E. Shaw Group.
Visit https://www.neuralconcept.com
Media Contact:
Valerie Serino
neuralconcept@5wpr.com
- The leading AI-first engineering platform for physical product development, trusted by the world's top OEMs and industrial manufacturers
- Deepening direct collaboration with Hanwha Ocean and other leading global automotive OEMs and Tier 1 suppliers in the region.
- Dr. Eunjoo Lee, former CEO of IBM Korea and Executive VP at Samsung, joins as Board Advisor
SEOUL, South Korea, June 9, 2026 /PRNewswire/ -- Neural Concept, the world leader in AI-driven physical product development, today announced the opening of its first direct office in Seoul and its first in APAC. The new office reflects growing demand from Korean manufacturers that are moving beyond isolated AI pilots and toward production-scale deployment across engineering teams. Neural Concept has confirmed plans to expand its work, with direct local support now available for deployment, capability-building and long-term engineering transformation.
Across Korea's industrial base, engineering teams are under pressure to shorten development cycles while managing rising product complexity. In many organizations, critical workflows still remain fragmented across CAD, simulation and internal data environments, slowing iteration and limiting the impact of AI.
"South Korea is one of the world's most advanced manufacturing countries, and it is becoming a defining market for the next generation of engineering, " said Pierre Baqué, CEO and founder at Neural Concept. "The shift is no longer about experimenting with AI around the edges. It is about embedding Engineering Intelligence into core product development workflows. Opening our Seoul office allows us to support that transition directly, with the proximity and long-term commitment our customers expect."
"We see Seoul as a strategic base for one of the world's most important engineering ecosystems," said Jiwon Jung, Regional Sales Director for APAC at Neural Concept. "From automotive and electrification to shipbuilding, electronics and semiconductors, Korean manufacturers are setting the pace in industrial innovation. A direct presence allows us to support customers locally, accelerate adoption and help teams turn AI into an operational capability, beyond a promising concept."
Neural Concept has also appointed Dr. Eunjoo Lee as Board Advisor. Based in Korea, she brings over two decades of experience in enterprise AI and digital transformation, including leadership roles as former CEO of IBM Korea and Executive Vice President at Samsung, strengthening the company's APAC presence.
For manufacturers in the region, the move comes as AI adoption enters a new phase. Rather than layering AI onto legacy systems through disconnected experiments, leading engineering organizations are looking for infrastructure that can support production-scale workflows, governance and measurable business impact. Neural Concept's AI-native architecture is designed for that transition, providing an intelligence layer that fits directly into the way engineering teams already work.
"Neural Concept's platform demonstrated promising capabilities that could help accelerate our design workflows and make AI adoption far more practical," said Dongkwon Lee, SVP of Basic Performance Research Center, Hanwha Ocean.
The Seoul office opening builds on Neural Concept's global expansion, including the company's growth in the United States and its $100 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives. As adoption accelerates across Korea, Japan and other major industrial markets, Neural Concept is investing in the local presence and delivery capabilities needed to help manufacturers scale Engineering Intelligence across the enterprise.
About Neural Concept
Neural Concept provides the intelligence layer for engineering, enabling companies to design and develop complex, high-performance products faster and more efficiently. Its AI-native platform embeds physics-aware intelligence directly into design and simulation workflows, empowering engineering teams to make continuous, AI-augmented decisions at every stage of product development.
Founded in 2019, Neural Concept serves leading OEMs and engineering organizations across automotive, aerospace, energy, consumer electronics, semiconductors and defense. Headquartered in Switzerland, the company has a growing global presence including offices in Munich, New York and the Asia-Pacific region, and is backed by global investors, including Goldman Sachs, Forestay Capital and D. E. Shaw Group.
Visit https://www.neuralconcept.com
Media Contact:
Valerie Serino
neuralconcept@5wpr.com
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Neural Concept opens its First APAC Office in Seoul to Accelerate AI-Driven Physical Product Development in South Korea
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In the news release, AMPERA Establishes Australian Subsidiary to Secure Thorium Supply and Support U.S. Advanced Nuclear Fuel Production, issued 08-Jun-2026 by AMPERA over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:
AMPERA Establishes Australian Subsidiary to Secure Thorium Supply and Support U.S. Advanced Nuclear Fuel Production
PALM BEACH GARDENS, Fla., June 9, 2026 /PRNewswire/ -- AMPERA today announced its factory-built, scalable, supercritical nuclear energy system will be fueled by thorium procured from Australia and produced in-house by the company.
In October 2025, the United States government announced a framework with Australia securing supply for mining and processing of critical, rare-Earth minerals. In February, AMPERA formed Ampera Australia Pty Ltd to expedite the procurement and import of thorium to the U.S.
"Our strategy is to secure thorium directly at the source and vertically integrate the entire fuel value chain, from mineral supply through advanced fuel production," said AMPERA Founder and CEO Brian Matthews. "Thorium offers a compelling combination of abundance, energy potential, economics, and safety, making it an ideal fuel for AMPERA's advanced microreactors and a promising resource for the broader nuclear industry."
AMPERA's broad fuel platform is built on proprietary processes protected by trade secrets and more than 60 patents for nuclear fuel manufacturing, including proprietary jetting technology used to produce high-quality safe tri-structural isotropic (TRISO) fuel kernels.
Advanced thorium fuel cycles have the potential to achieve significantly higher fuel utilization than conventional uranium fuel cycles. According to an International Atomic Energy Agency (IAEA) report, thorium could potentially offer a long-term solution to humanity's energy needs.
Thorium, periodic table element 90, is naturally occurring and over three times more abundant in Earth's crust than uranium. While thorium can provide an energy dense fuel source, it is weakly radioactive, yet fertile, allowing it to be converted into reactor fuel. Additionally, it is far less conducive for weapons proliferation and has the potential to reduce long-lived actinide waste relative to conventional uranium-plutonium fuel cycles.
"Thorium is the future for ultra-safe, clean power production," Matthews said. "By producing TRISO thorium kernels in the United States, we can ensure ample access to the needed fuel supply as we scale up and also minimize price volatility risk."
In April, AMPERA held a grand opening for its global headquarters in Florida. The company plans to produce TRISO thorium kernels at another location in the state. AMPERA's advanced reactors will be factory sealed and are being designed not to require refueling for 30 years.
About AMPERA
AMPERA is an advanced next-generation energy company pioneering subcritical thorium-based microreactor systems for the AI era that are energy dense and do not require refueling. Through its proprietary TRISO fuel platform, neutron-source technology and advanced additive manufacturing, AMPERA delivers scalable, factory-built, rapidly deployable, emission-free power for data centers, defense, industrial and maritime applications. Learn more at www.amperacleanenergy.com.
Correction: The photo and caption have been updated.
In the news release, AMPERA Establishes Australian Subsidiary to Secure Thorium Supply and Support U.S. Advanced Nuclear Fuel Production, issued 08-Jun-2026 by AMPERA over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:
AMPERA Establishes Australian Subsidiary to Secure Thorium Supply and Support U.S. Advanced Nuclear Fuel Production
PALM BEACH GARDENS, Fla., June 9, 2026 /PRNewswire/ -- AMPERA today announced its factory-built, scalable, supercritical nuclear energy system will be fueled by thorium procured from Australia and produced in-house by the company.
In October 2025, the United States government announced a framework with Australia securing supply for mining and processing of critical, rare-Earth minerals. In February, AMPERA formed Ampera Australia Pty Ltd to expedite the procurement and import of thorium to the U.S.
"Our strategy is to secure thorium directly at the source and vertically integrate the entire fuel value chain, from mineral supply through advanced fuel production," said AMPERA Founder and CEO Brian Matthews. "Thorium offers a compelling combination of abundance, energy potential, economics, and safety, making it an ideal fuel for AMPERA's advanced microreactors and a promising resource for the broader nuclear industry."
AMPERA's broad fuel platform is built on proprietary processes protected by trade secrets and more than 60 patents for nuclear fuel manufacturing, including proprietary jetting technology used to produce high-quality safe tri-structural isotropic (TRISO) fuel kernels.
Advanced thorium fuel cycles have the potential to achieve significantly higher fuel utilization than conventional uranium fuel cycles. According to an International Atomic Energy Agency (IAEA) report, thorium could potentially offer a long-term solution to humanity's energy needs.
Thorium, periodic table element 90, is naturally occurring and over three times more abundant in Earth's crust than uranium. While thorium can provide an energy dense fuel source, it is weakly radioactive, yet fertile, allowing it to be converted into reactor fuel. Additionally, it is far less conducive for weapons proliferation and has the potential to reduce long-lived actinide waste relative to conventional uranium-plutonium fuel cycles.
"Thorium is the future for ultra-safe, clean power production," Matthews said. "By producing TRISO thorium kernels in the United States, we can ensure ample access to the needed fuel supply as we scale up and also minimize price volatility risk."
In April, AMPERA held a grand opening for its global headquarters in Florida. The company plans to produce TRISO thorium kernels at another location in the state. AMPERA's advanced reactors will be factory sealed and are being designed not to require refueling for 30 years.
About AMPERA
AMPERA is an advanced next-generation energy company pioneering subcritical thorium-based microreactor systems for the AI era that are energy dense and do not require refueling. Through its proprietary TRISO fuel platform, neutron-source technology and advanced additive manufacturing, AMPERA delivers scalable, factory-built, rapidly deployable, emission-free power for data centers, defense, industrial and maritime applications. Learn more at www.amperacleanenergy.com.
Correction: The photo and caption have been updated.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
/C O R R E C T I O N -- AMPERA/
AMPERA Establishes Australian Subsidiary to Secure Thorium Supply and Support U.S. Advanced Nuclear Fuel Production
