Ultracapacitor division split off from LS Mtron in January, 2021, incorporated a new company named LS Materials in order to solely focus its resources and human capital in the ultracapacitor business. LS has been engaged in research & development, and production of ultracapacitor cells and modules for 20 years, leading the market with its cutting-edge power storage solution. It has been serving top-tier customers in sectors ranging from renewable energy, industrial automation, to power quality management and automotive. LS Materials, taking over the baton from LS Mtron, will continue the relentless endeavors to develop and provide the most cost-effective power solutions to all of the existing and potential customers all across the world.