Industry

Technology

Company Type

Wireless

Size

$15 Million

Investment Type

Equity

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EUCAST GLOBAL

Overview

Eucast Global is seeking $15 million to launch telecom services in underserved and rural areas. Multiple other applications in military, oil & gas, education, and telehealth.

 

Uses free CBRS (Citizens Broadband Radio Spectrum) – LTE and 5G to create fast, customizable, and easily deployable private networks with low latency and high security


Launching solutions for 5G base station market with commercialization targeted for Q4 2022 and 5G drone and digital twin solutions Q 2023


US government’s focus on infrastructure and digital equity expected to result in $65 billion in funding deployed in the next several months


Eucast Global is an affiliate of Eucast Co., Ltd with operations in Seoul, Korea. Eucast Co., Ltd has become a leading Asian wireless carrier with sales from Hitachi, Japanese prefectural governments, Korea’s emergency disaster SafeNet, SK Telecom and Korean Railway

EUCAST GLOBAL

Opportunity

 

According to the FCC, nearly 17 million school children lack home internet access


According to the Pew Research Center, 44% of adults in households with
incomes below $30,000 lack internet


30 billion SF of commercial floor space has poor mobile coverage


The North American LTE base station market is expected to reach $65.5 billion by 2023


Private LTE networks are expensive and complex to deploy, require significant infrastructure, high operation costs, significant recurring carrier fees and maintenance

EUCAST GLOBAL

Solution/Strategy

Eucast will market and promote to sell their LTE/CBRS/5G fixed point to point and multipoint private network radio devices (mobile and backpack radio network in a box solution may require additional FCC approval before selling)


Eucast’s wireless network requires less capital investment, less labor, and less infrastructure than traditional big carriers to create a customizable private network


Can provide network access for large rural areas with low to no coverage or in small, high-density, high traffic urban areas


Eucast developed and engineered a commercial grade digital twin software with customers including HDC Labs, a subsidiary of Hyundai, and the Korean Air Force


Commercialization targeted for 5G base station Q4 2022 and 5g drone and digital twin solutions in 2023

EUCAST GLOBAL

Management Team

Jae Kim
CEO and President

Established EUCAST Co. Ltd. in 2011, based in Seoul, Korea


More than 30 years of extensive R&D and business development experience in advanced mobile wireless communication system covering 2G, 3G, Mobile WiMAX, 4G LTE and 5G


Worked at Bell Laboratories, Lucent Technologies, USA until 2004, and then proceeded to serve as a director of systems engineering and led R&D activities at POSCO ICT for 5 years, after that as CTO of  SeAH ICT for 2 years prior to founding EUCAST


Served as a board member of Korea Communications Agency, a Korean government organization, from 2014 to 2016


Major research interests during Bell Laboratories service time include channel coding, signal processing for communication systems, digital predistortion of power amplifier, and advanced communication system architecture


BS and MS in electronics engineering from Seoul National University and a Ph.D. in electrical engineering from the University of California, Los Angeles

Gary Sumihiro                                                                                EVP, Director

Founder of Sumihiro Investments, LLC, spearheading US operations for Eucast Global


Specializes in global investments, consulting services identifying companies that are poised for global expansion with extensive experience in start-ups, restructurings, technology, crisis management, media and government affairs


Career progressed from attorney, general counsel, chief operating officer, president, global strategic adviser, and member of the board of directors of large corporations


Has been involved with public policy issues on the state, federal and international levels on a wide range of issues


Graduate with honors and Bachelor of Science, Juris Doctorate, and Masters in Public Administration degrees

Chris Medina
Chief Strategy Officer, Director 

Co-founder and Chief Strategy Officer of a San Francisco based software company Clovity, that Fortune named top 5000 growth companies in the US


Based in Colorado and for 20+ years, led executive management and R&D innovation organizations for top Fortune 100-500 companies


Extensive experience in IT specializing in cloud, mobile, marketing technologies, connectivity, big data, and OEM


Participated in raising over $700 million for startup companies (was a licensed Series7 and Series 63 registered stockbroker)


Graduate from the University of Colorado with a bachelor’s degree in economics as well as a bachelor’s degree in computer science from Regis University

Hanan Levin
Chief Financial Officer

18 years of leadership experience in finance


Serves as a co-founder and CFO of a cleantech venture with the goal of building plasma gasification waste to energy plants around the world


Serves as a director of capital markets in Bank of the West


Provides strong expertise in building financial organizational structure for high growth companies. Capital formation expert, knowledgeable in a multitude of funding and banking structures, aligning capital with future developments


Holds a Bachelor of Arts degree in economics from Yale University and an MBA from UNC Kenan-Flagler

Betsy Markey
Board of Director

30 years of leadership experience in government and private sector


Served as a member of Congress, a senior federal government executive, and the co-founder and CFO of a high-tech company


In 2015, appointed by President Obama to serve as the regional administrator for the U.S. Small Business Administration (SBA) based in Denver


Served as the executive director of the Colorado Office of Economic Development and International Trade


BS in political science from the University of Florida and a Master of Public Administration from American University

EUCAST GLOBAL

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Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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