As of March 30, 2023,

in accordance with the resolution passed

at the shareholders' meeting,

the company changed its name to ROMAS Industries Inc.

 and embarked on a new beginning.

We kindly request your attention and support

for the future endeavors of ROMAS Industries Inc.

as we take a new leap forward.

Thank you.

Left to right: Samcheok-si Councilman Wonhak KIM, Fishing Village Chief Taeseon KIM, Donghae Maritime Police Chief Siyeong CHOI, CEO of Mana Korea Kwon LIM, Chairman of Bye Aerospace George E. Bye, Chairman of VOGO Industries Hyunsoo NOH, Chairman of KBS Yeongjin NAM, Chairman of Woosin TRS Sangheon CHO, Director of Korea Peace Economic Forum Ilyong KIM, and President of KP Muncheol NOH. Photo=VOGO Industries

VOGO Industries (Chairman Hyunsoo NOH), a special boat manufacturer, announced on the 31st that it held a groundbreaking ceremony for the second factory on the 27th to build next-generation special ships in Daejin Port in Samcheok-si, Gangwon-do.

VOGO Industries (Chairman Hyunsoo NOH), a special boat manufacturer, announced on the 31st that it held a groundbreaking ceremony for the second factory on the 27th to build next-generation special ships in Daejin Port in Samcheok-si, Gangwon-do.

The business aims to build a special boat factory that manufactures more than 300 submersibles and special boats launched in the Asian and global market into eco-friendly and low-carbon fleets compliant with international environmental agreements.

It plans to invest intensively in technologies of hydrogen-electric WIG ships and amphibious hovercrafts and supply those ships to clients at home and abroad, so that it could rise to one of the global defense companies.

“The second factory located in Daejin Port, Samcheok-si, will be the place to give birth to future eco-friendly low-carbon special boats that consolidate all our technology know-hows of over 30 years,” said Hyunsoo NOH, chairman of VOGO Industries. He added, “VOGO industries outruns Zodiac, one of its competitors in France, the world’s third defense power, and boasts its posture as the world’s third submersible manufacturer. I consider the new factory will be where VOGO will emerge as a powerful defense company.”

More than 100 people attended the groundbreaking ceremony, including Samcheok-si Councilman Wonhak KIM, Fishing Village Chief Taeseon KIM, Donghae Maritime Police Chief Siyeong CHOI, CEO of Mana Korea Kwon LIM, Chairman of Bye Aerospace George E. Bye, Chairman of VOGO Industries Hyunsoo NOH, Chairman of KBS Yeongjin NAM, Chairman of Woosin TRS Sangheon CHO, Director of Korea Peace Economic Forum Ilyong KIM, and President of KP Muncheol NOH. Gangwon-do Governor Jintae KIM, Congressman Sangbeom YU and Congressmen Cheolgyu LEE also joined the celebration by sending congratulatory messages.

VOGO Industries, a special boat manufacturer, announced on the 23rd that it opened a showroom that displays WIG ships and hovercrafts among others at Hangang Park in Apgujeong-dong, Seoul.

The showroom exhibits models and their detailed description of special boats, small submersibles and other special purpose ships delivered to the Ministry of National Defense, the Korea Coast Guard and many maritime companies at home and abroad. Outside the showroom is displayed an amphibious hovercraft, and a WIG ship that flies and electric hydrogen ships will be also added to the exhibition.

The showroom exhibits models and their detailed description of special boats, small submersibles and other special purpose ships delivered to the Ministry of National Defense, the Korea Coast Guard and many maritime companies at home and abroad. Outside the showroom is displayed an amphibious hovercraft, and a WIG ship that flies and electric hydrogen ships will be also added to the exhibition.

The showroom exhibits models and their detailed description of special boats, small submersibles and other special purpose ships delivered to the Ministry of National Defense, the Korea Coast Guard and many maritime companies at home and abroad. Outside the showroom is displayed an amphibious hovercraft, and a WIG ship that flies and electric hydrogen ships will be also added to the exhibition.

The Korea Economic Daily (www.hankyung.com)

VOGO Industries (Chairman Hyunsoo NOH), a special ship manufacturing company, announced on the 7th that it acquired a stake in the U.S. electric aerospace company Bye Aerospace and signed a contract for the manufacturing and sales of electric aircrafts.

VOGO Industries invested a total of US$ 5 million in the aircraft manufacturer and acquired exclusive rights to sell and manufacture their electric aircrafts in Asia.

The company signed a contract on 22 August with Bye Aerospace, and paid down payment of US$ 250,000, out of US$ 5 million of the contractual amount on the same day. It will finalize all the payment for the contract this November.

The contract signed last month involves the rights of sales and manufacturing of Bye Aerospace’s eflyers in Asia.

Under the contract, VOGO will also be able to carry out projects related to the training of electric aircraft mechanics, pilots and maintenance technicians.

Bye Aerospace, in the meantime, plans to transfer of technology to manufacture electric aircrafts and localize their parts to VOGO, and provide charging systems for electric aircrafts.

“We are pleased to conduct the electric aircraft business with Bye Aerospace among other startups in the U.S., which won acclaim for its technology from the U.S. Aviation Administration,” said Hyunsoo NOH, chairman of VOGO Industries. “We signed the contract because we believe that the 2-seater, 4-seater and 8-seater electric aircrafts being manufactured by Bye Aerospace would be the first to get accredited by the FAA.”

He added, “We will rise as a leader in the eco-friendly low-carbon aerospace industry in the Korean and Asian aviation market.”

The Korea Electric Times (electimes.com)

VOGO Industries, a Korean special ship manufacturing company (hereinafter “VOGO”), said on the 23rd that it has incorporated a joint venture for aviation and defense industry in the Philippines with LCS Group in the Philippines, and visited Philippine President Marcos Jr. on 15 August 2022. LCS Group of the Philippines recognizes Korea’s international level of defense industry, and decided to establish a joint venture with VOGO in the Philippines, considering its strategic partner VOGO’s dedication and technologies are distinguished.

The joint venture aims to build cooperative relationships and create common benefits required for advanced defense industry in the Philippines, by operating and maintaining S-3B Viking anti-submarine air and FA-50PH owned by the Philippine Air Force, planning out curriculum of aviation maintenance, and performing flight tactical trainings.

LCS Group of the Philippines is VOGO’s important business partner who signed a memorandum of understanding on 23 June, 2022 to invest US$ 10 million in development and export of WIG ships and rigid inflatable boats (RIBs) to the Philippine Navy.

VOGO has won orders for as many as 330 special military and commercial boats from numerous clients both at home and abroad, including 10 RIBs to the Philippine Navy while the military modernization project is being promoted by many Southeast Asian countries such as the Philippines since 2018.

Particularly, the Carbon Patrol RIB 1200 delivered to the Philippines, which is the first special vessel loaded with carbon composite and diesel outboard in Korea, is obtaining reputation of high satisfaction in the actual operation from the Philippine Navy, so additional delivery is under discussion.

Philippine President Marcos Jr. said, “We plan to spare no support to maintain the successful relationship between the Philippine LCS Group and Korea’s VOGO Industries,” adding, “We expect VOGO Industries’ leading-edge technology to contribute to the advancement of marine aviation in the Philippines.”

Chavit Singson, chairman of LCS Group in the Philippines, said, “VOGO Industries’ special maritime shipbuilding technology can be responsible for the safety of more than 7,000 Philippine islands, and we recently decided to provide national support.” “We also plan to jointly develop important technologies necessary for the operation of anti-submarine aircrafts and fighter jets, as well as high-speed boats, which are important in the national defense of the Philippines,” he said.

“We outstripped Zodiac of France, a defense powerhouse, in 2015 and received global recognition for our high-speed ship delivery to South America,” said Hyunsoo NOH, chairman of VOGO Industries. “We are happy to meet strategic business partner LCS Group of the Philippines and the President of the Philippines to take responsibility for the Philippines’ waters and air.”

IT Chosun (https://it.chosun.com/)

In 2022, South Korea’s major defense companies achieved the largest arms export of about US$ 14.5 billion, or KRW 19 trillion, to challenge the stronghold of the world’s defense big five—U.S., Russia, France, Germany and China. And there is one small defense company in Korea targeting the international market of small special boats.

VOGO Industries is a Korean defense company that produces diversified lineups of small and medium-sized special vessels such as rigid inflatable boats (RIBs), patrol boats, coastal rescue boats, bullet-proof high-speed boats, diving propellers and submersibles.

The company has produced and delivered 330 special military ships at home and abroad since 2018, winning orders for 10 naval RIBs in the military modernization project promoted by Southeast Asian countries including the Philippines.

The high-speed fleet of Carbon Patrol RIB 1200 exported to the Philippines is the first special ship equipped with carbon composite and diesel outboard in Korea, to which its client expresses high satisfaction, leading to additional delivery under discussion.

The high-speed fleet is designed and built by VOGO Industries, with lightweight and high-intensity hull and communications radar equipment, and is able to travel at the speed of over 45 knots. The company is planning to upgrade the fleet to a new high-speed one using new material plastic and additionally export the product to Southeast and South American countries, along with the Philippines.

Daeyoung MAENG, CEO of VOGO Industries, stated, “Our company outstripped Zodiac of France, a defense powerhouse, in 2015 and was recognized for delivering its high-speed ships to the South American countries.” He added, “We have a number of patents related to marine special ships such as patrol boats, diving propellants, and small submersibles, and we will try to commercialize ships flying over the surface, or so-called WIG, and hydrogen vessels.”

VOGO Industries recently completed the development of the first ship with liquefied hydrogen and fuel cells and began the final test, and plans to hold a liquefied hydrogen technology exchange meeting with Contech Mobility and the Research Institute of Medium & Small Shipbuilding (RIMS) in August to promote the hydrogen fleet.

The Seoul Economy Daily (www.sedaily.com)

VOGO Industries, a special ship manufacturing company, said it held an agreement ceremony with Daejin Union of Fishermen in Samcheok-si to establish a special ship factory in Daejin Port.

The agreement calls for VOGO Industries to use about 6,600㎡ of land reclaimed in Daejin Port in Samcheok as a site for a special ship-building plant, and to provide the Daejin Union of Fishermen with development fund every year until 2031.

Mr. Daeyoung MAENG, CEO of VOGO Industries, said, “We have signed an agreement with Daejin Union of Fishermen in Samcheok-si to build the factory and promote the regional development.” He added, “The site for building special boats is located in the sea, so we can immediately demonstrate various special ships and lead to much faster modernization of the aging ships anchored at Daejin Port.”

Meanwhile, VOGO Industries is considered the world’s third-largest company in terms of development, production and export of small submersibles. It has technology of design and production of more than 330 small special boats using fiber reinforced plastics (FRP), aluminum and carbon fibers, and is leading the Korean market of manned submersibles that employ lithium batteries and electric propellants.

News 1 (www.news1.kr)

The Republic of Korea is constantly moving toward an export powerhouse in the defense industry. It is steadily increasing the volume of exports by being recognized for its excellence of defense products around the world. There are small and medium-sized companies that are firmly supported by distinguished technology. The Korea Defense Daily and the Korea Defense Industry Association (KDIA) introduce small and medium-sized companies that are one of the pillars of Korea’s defense industry development as their joint annual project, and the second business they introduce for this year is a small submersible manufacturing company that is considered one of the world’s top three—VOGO Industries.

Jeongwook LIM, director of VOGO Industries, describes advantages of the product, pointing to the fuel tank of a liquefied hydrogen ship that has recently been developed.

One of the world’s top three submersible manufacturers

Founded in 1998, VOGO Industries boasts outstanding technology in designing and manufacturing small and medium-sized special purpose vessels and submersibles. Starting with the delivery of high-speed rigid inflatable boats (RIBs) to the Navy for the first time in Korea, more than 330 small special ships have been designed and produced using fiber-reinforced plastic (FRP), aluminum and carbon fiber.

In the field of small submersibles, in particular, the company is standing shoulder to shoulder with its unrivaled technology as one of the world’s top three manufacturers along with STIDD in the U.S. and JFD in the U.K. It also dominates Korea’s domestic market of manned submersibles powered by lithium batteries and electric propellants.

In the backbone is the technology that has been developed by chasing only one hare at once. Numerous patents and utility models (new technical designs on the shape and structure of goods for practical convenience) prove this, including dry-jet wet hybrid submersibles, water-proof housing for diving ships, submersible propulsion and underwater propulsion devices.

Based on this, following a high-speed boat in 1996, just before the establishment of the corporation, patrol boats and diving boats were localized and delivered to the Army, Navy and Marine Corps in 2000 and 2005. In 2015, a diving propeller was created and delivered to the Marine Corps, and coastal rescue boat was delivered to the maritime police the following year.

Such technology and performance have been nourished to help the company harvest precious fruits. It was awarded the Excellence in Small and Medium Business Awards in 2000, the Minister Prize of Commerce, Industry and Energy and the Stone Tower Order of Industrial Service Merit in 2003, the best 10 patents in Gangwon-do in 2012, the Commendation from the Governor of Gangwon-do and the Best Small and Medium Business Award from the Medium and Small Business Administrator in 2015. The list does not end here. In 2016, it was selected as an export-promising small and medium-sized company, and in 2019, it completed the development of the 250-metre submersible as a global defense strong company of the Defense Acquisition Program Administration.

Maximize the value by building eco-friendly ships

The excellence of products built by VOGO Industries is getting more and more attention from the world over time. It exported rigid inflatable boats to the Peruvian and Philippine navies in 2015 and 2020, respectively. The high-speed fleet produced and exported by VOGO Industries is not just light and rigid, but also superb in absorbing shocks and minimizing resistance.

Exports of submersibles and special ships are currently in progress. Additional orders for the high-speed boats are scheduled for the second half of next year to the Philippine Navy, and discussions with the Indian Navy on the export of submersibles are afoot.

VOGO Industries is stepping up its efforts to develop new technologies. The eco-friendly ship development project is an illustrative example. The Small and Medium Venture Business Administration was selected as a company in charge of demonstrating liquefied hydrogen mobility, and eco-friendly energy source, and is promoting research and development. Accordingly, it plans to take the lead in converting the existing government and military ships and fishing boats into eco-friendly ones.

Fishing boats with a range of 2.99 to 4.99 tons in Korea older than 16 years account for about 28% of all registered fishing boats. It is expected that they will gradually be converted into eco-friendly fishing boats powered by hydrogen, and VOGO is accordingly focusing its capabilities on private transportation business. It also drew a blueprint to develop and produce medium and large-sized surface-flight vessels (WIG) with transportation capabilities, stable driving capabilities and price competitiveness.

Interview / Daeyoung MAENG, CEO of VOGO Industries

“Confidence in stable export spurs new growth engines”

Daeyoung MAENG, CEO of VOGO Industries

“With continuous technology development and a spirit of challenge, we will go beyond Korea and grow into an outstanding company in the world”

Daeyoung MAENG, CEO of VOGO Industries, expressed strong confidence—and there is a good chance.

The experience and performance he has accumulated so far bolsters his ambition. It has delivered its developments not just to the South Korean military, but also to the Peruvian and Philippine navies, and is persistent in discussing exports with the neighboring countries.

“We are continuing to supply and export our products to troops in the fields of submersibles, rigid inflatable boats and special vessels,” he said. “We are also accelerating new growth engines.”

VOGO Industries is currently researching and developing liquefied hydrogen fuel. It also plans to develop a “flying ship” and work with electric aircraft manufacturers to incorporate electric engine technology into existing products.

“We will continue to focus our capabilities on becoming a carbon-neutral eco-friendly munitions ship and aviation company, while contributing to Korea’s defense exports,” added Mr. MAENG.

The Korea Defense Daily (kookbang.dema.mil.kr)

VOGO Industries (CEO Daeyoung MAENG), a special ship manufacturing company, said it plans to hold a liquefied hydrogen technology exchange meeting in August to commercialize hydrogen ships while it has completed development of ships powered by liquefied hydrogen and fuel cells and started final testing for them.

The exchange meeting follows the previous session between gaseous hydrogen ship businesses both in public and private sectors at Ulsan Techno Park in Jangsaengpo Port, Ulsan, at the end of June and their counterparts involved in liquefied hydrogen ship building activities at Gangwon Techno Park.

Previously, 11 companies participated including VOGO Industries, Ulsan Techno Park, Vinssen, Korean Register, Gangwon Techno Park, Contech Mobility, Research Institute of Medium & Small Shipbuilding, Hylium Industries, JEA Eng, K&M Tech, Chungnam Techno Park, etc. and the agenda discussed at the exchange meeting comprise the status of due diligence of each special regulatory zone and the production and support of hydrogen ships, such as mutual cooperation and corporate support measures for commercialization of hydrogen ships. In particular, the topic of fostering the hydrogen industry in each local techno park through continuous support to hydrogen-related companies was also discussed.

Daeyoung MAENG, CEO of VOGO Industries, said, “At the exchange meeting in August, based on the actual observation on the hydrogen ship developed for the first time by our company, the hydrogen shipbuilders and related institutions across the country will share information on the technology.” “We plan to introduce a project that is under construction of 2 eco-friendly 3-ton FRP fishing boats and a 12-ton aluminum ship, both using liquefied hydrogen as energy source, in collaboration with Contech Mobility and Research Institute of Medium & Small Shipbuilding,” he added.

Meanwhile, VOGO Industries plans to open the showroom to the public in July at Hangang Park in Apgujeong-dong, Seoul. The showroom will showcase models of special boats, small submersibles, and special vessels developed by the company and delivered to the Korea Coast Guard, the Ministry of National Defense, and many maritime companies with detailed explanations.

The Seoul Economy Daily (www.sentv.co.kr)

 [2022.07.01] Special ship production company VOGO Industries (CEO Daeyoung MAENG) announced that it will open a showroom in July at Hangan Park in Apgujeong-dong, Seoul, displaying WIGs flying above the surface and hydrogen-electric ships.

VOGO Industries will present models of special boats, small submersibles, and special ships that it has provided to the Korea Coast Guard, the Ministry of National Defense and other maritime companies in July. Specifically, visitors may directly witness flying WIG ships or amphibious hovercrafts operate on the surface according to their introduction schedule.

VOGO Industries has recently incorporated a joint venture in Dubai with OROS LLC, a leading developer of WIG vessels, and has been accelerating its development of various ships along with active investment, including US$ 10 million from LCS Group in the Philippines.

Mr. Daeyoung MAENG, CEO of VOGO Industries, said, “Our technology is considered the world’s third largest company in developing and exporting small submersibles and has more than 330 special ship design and production technologies using FRP, aluminum and carbon fibers.” “The showroom to be opened to the public at Apgujeong Hangang Park in Seoul plans to unveil various information on special ships and eco-friendly hydrogen electric ships currently under development,” he added.

VOGO Industries monopolizes the domestic lithium batteries and electric propellants market, and in 2021, it was selected as the prime entrepreneur of the 3rd Regulatory Free Zone Liquid Hydrogen Mobility Demonstration and Gangwon-do Small Hydrogen Vessel Development Project by the Ministry of SMEs and Startups.

Hankyung TV (www.wowtv.co.kr)