A young company with superior antenna technology and IP that, although experiencing sizable growth, was still lagging in profits and rate of top-line expansion relative to worldwide market opportunities.
Co-founder & CEO
As Co-founder and CEO of the company, it was my responsibility to create and execute a multi-faceted business plan to add value to the organization through coordinated top and bottom-line growth as well as a more robust, protected market position.
We decided to take action to expand beyond Korea into China and Japan, including the decentralization of production to Korea and China. We also resolved to develop strategic partnerships with leading regional mobile carriers in Japan, China and Korea, which then could be used as leverage against competitors.
We increased revenue by $20 million in 18 months, diversified the customer base, increased margins by nearly 10 percent, and increased multi-country market presence and reputation. For example, we shipped over 750 million antennas before selling the company to Airgain, including 375 million to Samsung for their Galaxy smartphones and other products.