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TRANSCRIPT
Dec. 2017
Opening a new chapter in cosmetics, food manufacturing, and the environment with vacuum extraction technology
1/20
Company Status
Name of Company
Egeonjo Co., Ltd.
Year Business Established
September 2009
CEO Khan Lee
Total Employees 10
Address4073-33, Iljuseo-ro, Hangyeong-myeon, Jeju-si, Jeju-do, Korea
Main Products
Functional cosmetic raw materials (hydrosol, oil, solids)
Vacuum-dried agricultural and seafood products manufacturing and distribution
Customer
Daebongls Co., Durae Co. Hyundai Department Store,
Shinsegae Department Store, Coupang, Wemakeprice
Revenue USD 2.4 million (2016)
Website www.egeonjo.com
Organization & Staff
Company Overview
Customers
CEO
Manufacturing Finance/HRMarketing R&D
No. of Employees
Main JobWork Place
CEO 1 CEO
Jeju-do(HQ)
R&D 3Research Planning
Development
Manufacturing 3 Manufacturing
Finance/HR 2Strategic Planning,
Financing, HR
Marketing 1 Marketing & Sales Seoul
2/20
Company History
2009~2012 2013~2015 2016~2017
2009
• Establishment of EGEONJO Co. Ltd.
2011
• Introduction of vacuum extraction
separator for research (50L)
• Technology agreement signing
with Jeju Ocean Fisheries Research
Institute regarding development of
red sea cucumber drying
technology
•Development of perfume and
functional cosmetics using scoria
and orchid plant
2012
• Introduction of vacuum extraction
separator for production
2016
•Certification of Venture Company
• Patent Registration (No.10-1648784)
• Investment promotion by KDB
• Introduction of 8th vacuum
extraction separator (600L)
(production type: -98kPa vacuum level)
2017
•Business diversification
- Cosmetic raw materials
- Dried fruits
•Online distribution and sales
2013
• Entered Hyundai Department Store
(vacuum dried seafood products)
•Registration of company affiliated
research institute
• Patent Registration (No.10-1247668)
2014
•Opened outlet in Shinsegae
Department Store (vacuum dried
seafood products)
• Patent Registration (No.10-1417655)
2015
• Introduction of 7th vacuum
extraction separator (550L)
(production type: -98kPa vacuum level)
•Opened outlet in AK Plaza (vacuum
dried seafood products)
Establishment of company and
building technology base
Establishing of business base
Business diversification
3/20
Management Philosophy
Vision
A Global Leader in Vacuum-Drying Technology
Mission
Helping people to lead a healthier life
Core Values
Trust / Innovation / Safety
Talent
Integrity / Gratitude/ Initiative / Professionalism
4/20
Definition of technology
A technique to separate water, oil, and fragrance components
from intracellular components possessed by plant and animal cells
from cells without destruction of cells in a vacuum state
through vacuum decompression.
Principles of Vacuum Extraction Technology
Drying method utilizing the phenomenon where the boiling point
of water is lowered under pressure drop.
Scientific and advanced drying process to induce evaporation and drying of water while keeping
the boiling point of water at 35℃ under vacuum of -95kPa (pressure unit).
A technique that separates the moisture and volatile liquid from the drying object at room
temperature to acquire a well-preserved state of the material to be dried and collect the
evaporated moisture and volatile liquid.
Technology 『Vacuum Extraction Tech.』
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Vacuum Extraction Tech.
Technology Level
Realized vacuum extraction technology and engineering technology
-Completed development and application in cosmetics, food, environment, medicine, and alcohol production
Mass-production of vacuum drying products
-Developed a vacuum extraction separator that maintains vacuum (-98kPa decompression level), and succeeded in mass-producing and commercializing it for the first time in the world
Vacuum extraction separator manufacturing technology
-Energy-saving type using ejector
-Manufacture for sale as well as production for own product
Application Field
Cosmetics raw materials
-Medical herbs: ginseng, bellflower, aloe
-Herbs: rosemary, lavender, chamomile
-Vegetables: onions, garlic, carrots, mushrooms
-Trees: hinoki cypress, amur cork, dendropanax morbiferus, cedar
Food manufacturing
-Seafood processing: gulbichae (dried julienne of yellow corvina), gochujang (red pepper paste) gulbi, squid, shrimp
-Drying of seafood products: gulbi(yellow corvina), tilefish, croaker
-Drying of fruits: mango, pineapple, banana, kiwi, citrus, strawberry, etc.
-Meat processing: beef, pork, chicken
Medicine raw materials
-Aloe, moxa, hemp
Environment field
-Food garbage disposal machine
Product Features
No change of raw material properties
-Preserves the fragrance, taste, texture, and active ingredient of the original as it is.
-Prevents discoloration and nutrient destruction due to heat or freezing.
-High resilience and absorptivity due to no denaturalization of cell tissue.
Optimal hygiene status.- It is dried in a short time in a clean and vacuum environment as in space, preventing bacterial contamination and rancidity.
Eco-friendly health food with no added food additives.
Stability at room temperature.-Low moisture content, low weight, easy to carry and store.
Efficient production.-Efficient machining time makes it easy to get a certain amount of production.
6/20
Technology 『Development Process』
Products to be processed
Machine production
Reduced product deviation [temperature, boiling point]
Decreased defect rate
Mass-production success
Storage conditions for sale [room temperature, refrigerated, frozen]
Selling products
Solid/Hydrosol/Oil Product
Yes
No
No
Yes
No
No
Yes
Control conditions Mass-production test[Full Scale]
Machine test [condition setting]
Change storage conditions
Product processing test
Yes
Medicinal herbs, Herbs,Vegetables, Trees
Seafood, FruitsVegetables, Meat
Cosmetics & MedicinalMaterials
Food Materials
7/20
Certification
Section No. Registration date Title
Patent
10-1247668 Mar 20, 2013 The Composting System of Livestock Excreta by the Fly Larva
10-1417655 July 2, 2014A Yellow Corvina Drying System Equipped with an Ejector Producing Vacuum Drying
10-1387593 Apr 15, 2014 Low Salt Kimchi, and Method for its Production
10-1648784 Aug 10, 2016Apparatus and Method for Manufacturing Bioethanol Using Citrus Peel
Patent application
10-2016-0131334 Oct 11, 2016 A Vacuum Drying System and Method Using the Same
10-2016-0148167 Nov 8, 2016 Squid Drying Method Using Vacuum Dryer
10-2017-0063609 May 23, 2017 Method for Aging Meat
10-2017-0098609 Aug 3, 2017 Method for Conversion and Extraction of Beneficial Componentsin Ginseng(USA) 15814552 Nov 16, 2017
Trademark
40-1020809 Feb 14, 2014 Super dry
40-1173866 Apr 20, 2016 Yomat(요맛; The taste of the dish) (11 cases including mustard)
40-1195529 Aug 10, 2016 Yomat(요맛; The taste of the dish) (20 processed fish etc.)
40-1294456 Oct 18, 2017 15 processed/dried and cooked fruits and vegetables etc.
Trademarkapplication
40-2017-0127903 Oct 11, 2017 Vanary-Natural Plant Extracts for Cosmetic
(China)SY1710-059AIKR Oct 16, 2017 Vanary, 芭娜丽
Patents Certificates & Trademark Certificates
8/20
Value Creation
Utilizing the natural extracts(hydrosol, oil, solids) possessed by plants and animals based on vacuum extraction technology, revenues are generated through cosmetic raw materials, food materials and medicine materials business
Raw Materials Natural Extracts Products
Oil
Hydrosol(cell water)
Solids
Herbs
Trees
Fruits
Vegetables
Seafood
Meat
Medicalherbs
Ginseng, Ginseng sprout, Bellflower, Moxa, Aloe, etc.
Rosemary, Lavender, Peppermint, Chamomile, etc.
Hinoki cypress, Amur cork tree, Vitex rotundifolia, Cedar tree, etcMango, Pineapple, Banana, Strawberry, Pear, Apple, Citrus, etc.Pepper, Onion, Garlic, Carrot, Sweet potato, Sweet Pumpkin, Mushrooms, etcYellow corvina, Shrimp, Squid, Sea cucumber, Tilefish, etc.
Beef, Pork, Chicken
CosmeticsMaterials
MedicinalMaterials
FoodMaterials
9/20
Competitive Advantage
Excellence in quality and production efficiency of pure natural extract→ Business consultation on delivery and cooperation with domestic top-tier companies related to cosmetics, cosmetics raw materials and food
Developing raw materials for cosmetics that are going to grow continuously→Diversifying into functional cosmetics raw materials business by using vacuum extraction
technology
Supplied ginseng’s cellular water (hydrosol) to AMOREPACIFIC through Daebong LS Co. and Durae Co.
Providing samples and supply of herb essential oil samples to LG Household and Health Care
①
②
Natural Extracts Quality Characteristics Production Efficiency
Hydrosol(cell water)
Pure water possessed by the raw cells Pure water-soluble fragrance possessed by raw cells Sterilized
EGEONJO’s Room Temperature Vacuum Extraction technology can extract more than 95% of hydrosol in the raw material
Oil High-purity oil possessed by raw cells The original liposoluble fragrance possessed by the
raw cells
Example: EGEONJO’s extraction method can produce 10 times more rosemary oil than the steam distillation method.
Solids
Retention of the shape and color of the raw material. Saponin component of ginseng, unsaturated fatty
acid of yellow corvina, free amino acid increase Sterilized
<Reduction of production time> Dried yellow corvina: Natural drying 3
months→ 12h Dried sea cucumber: Natural drying 1~2
month→ 3 days
10/20
Competitive Advantage
③
Acquired the accumulated vacuum extraction technology and related engineering data.→ Since our foundation, we have acquired a large amount of engineering data related to vacuum
extraction through the years of experiments, R&D, governmental projects, and industry-academia
collaboration, and upgraded capacity and vacuum degree of Vacuum Extraction Separator
Machine CapacityDegree of Vacuum
Purposes Remarks
Unit 1 50ℓ -95kPa Experimental Cylindrical type
Unit 3 400ℓ -95kPa Drying of seafood products
Layer type
Energy saving type
Unit 4 450ℓ -96kPa
Unit 5 550ℓ -97kPaDrying of
agricultural products
Unit 7 550ℓ -98kPaNatural Material
Extraction
Unit 8 600ℓ -98kPa
Underdevelopment
1,000ℓ -98kPa
[Upgrade of Vacuum Extraction Separator]
Section Retained Data
Drying of seafood products
Drying Conditions, Yield
Drying of fruits Drying / Extraction Conditions, YieldDrying of vegetables
Drying of herbsSeparation Extraction Condition, Yield
Drying of medical herbs Drying / Extraction Conditions, YieldDrying of trees
Drying of waste biomassSeparation Extraction Condition, Yield
[Engineering Data Related toVacuum Extraction ]
11/20
Product Portfolio
Current Products Developed Products
Vacuum DriedFruits
Citrus peelProcessing
Technology(Bioethanol production)
Vacuum DriedSea cucumber
Processed MeatProducts
NaturalSeasoning
SeafoodProcessing
Products
Vacuum DriedSeafoodProducts
CosmeticMaterials
12/20
Manufacturing Process
StockRaw
Material
Preparationfor
Extraction
ProductQuality
Inspection
Packing&
Storage
After inspection of
raw materials,
stored frozen,
refrigerated, and
room temperature
according to the
characteristics of
raw materials
Check the amount,
water content, etc.
Separate
extraction by set
temperature and
time
Hydrosol, oil, solids
yield check
(check extraction
degree)
Package according
to product
characteristics
(Stored at frozen,
refrigerated, room
temperature)
VacuumExtraction Separator
VacuumExtraction
13/20
Products 『Cosmetic Materials』
Ginseng Hydrosol Phytoncide Water[Hinoki Cypress Hydrosol]
100% ginseng hydrosol
extracted by the vacuum
extraction separator
developed by EGEONJO for a
short time (10 hours) without
using solvent
Produces ginseng hydrosol
and solids without loss of the
active ingredient of ginseng.
Production of completely
sterilized ginseng hydrosol
and solids without any
hazardous substances that can
occur in the existing long-
term drying
Yield: 65~70% of ginseng
hydrosol, 20~25% of solids
100% Phytoncide water
extracted from Hinoki cypress
leaf grown in Jeju Island for a
short time (4 hours) by
Vacuum Extraction Separator
developed by EGEONJO
Produces phytonicide water
and solids without loss of
active ingredient in hinoki
cypress leaves
Production of fully-sterilized
phytoncide water and solids
of hinoki cypress without any
harmful substances.
Yield: 42% of phytoncide
water, 47% of solids
14/20
Products 『Processed Seafood Products』
Gochujang Gulbi Gulbichae[Dried julienne of yellow corvina]
Mixed vacuum-dried gulbichae
with red pepper paste
Nine yellow corvina purchased
at Hanlim Port in Jeju shredded
and mixed with gochujang (hot
pepper paste).
Gochujang made by a master in
an old recipe, from Jeju native
blue soybean and chili pepper.
Packaged after aging for two
weeks
No chemical additives such as
artificial sweeteners, synthetic
colorants, synthetic
preservatives, etc.
No fishy smell and excellent
flavor
The head, bone, internal
organs and skin of yellow
corvina were removed and
vacuum dried with a
vacuum extraction
separator developed by
Egeonjo Co., Ltd.
It reproduces the taste of
traditional dried yellow
corvina; good for side
dishes
No chemical additives such
as artificial sweeteners,
synthetic colorants,
synthetic preservatives, etc.
It is completely sterilized by
a new concept drying
method by which the
Gulbichae is dried in a
vacuum state like space.
15/20
Products 『 Processed Seafood Products 』
Vacuum Dried Squid Filled with Cashew Nuts
Vacuum-Dried Shrimp
Natural, eco-friendly
products with no chemical
additives such as artificial
sweeteners, synthetic
coloring agents, and
synthetic preservatives.
Sterilization and
deodorization by vacuum
drying.
A fun squid that one cannot
stop eating!
Crispy squid and soft and
sour cashew nuts are
served as snacks.
Eco-friendly products (Fully
100% shrimp vacuum dried)
without any chemical
additives such as artificial
sweeteners, synthetic
coloring agents and
synthetic preservatives.
Sterilization and
deodorization by vacuum
drying.
Fully 100% shrimp is dried
by vacuum, crispy and salty,
so it is excellent for side
dishes, and snacks.
16/20
Products 『Vacuum-Dried Fruits』
Vacuum-Dried Apple Mango Vacuum-Dried Pineapple
Unlike freeze drying, or heat drying which destroys cells, it is applied at room temperature vacuum drying method to dry in a vacuum like the cosmos. Only moisture of fruit is lost and nutrients and dietary fiber are preserved and concentrated.
100% Peruvian apple mango is a natural eco-friendly product without any chemical additives such as artificial sweeteners, synthetic coloring agents and synthetic preservatives at all.
Good product for children, busy workers, students (teenagers) as convenient and nutritious snacks.
100% Costa Rican
pineapple naturally dried
without using chemical
additives such as artificial
sweeteners, synthetic
coloring agents and
synthetic preservatives.
Good for enhancing
immunity of people with
insufficient vitamin intake
It is good as a healthy snack
for infants and elderly
people
17/20
Products 『Vacuum-Dried Sea cucumber』
Vacuum-Dried Red Sea Cucumber(Korean; Jeju Island)
Vacuum-Dried Sea Cucumber(Korean)
Salt-free processing, three-
day drying period.
Maintains original form and
color of sea cucumber
through room temperature
vacuum drying method.
Outstanding raw-form
restoration through room
temperature vacuum
drying.
Natural, eco-friendly
products without chemical
additives such as artificial
sweeteners, synthetic
coloring agents, and
synthetic preservatives.
The yield was 3.3% (1,000 g
before drying → 33 g after
drying)
Packed in 1kg base unit
Salt-free processing, 60
hours drying time.
Maintains original form and
color of sea cucumber
through room temperature
vacuum drying method.
Outstanding raw-form
restoration through room
temperature vacuum
drying.
Natural, eco-friendly
products without chemical
additives such as artificial
sweeteners, synthetic
coloring agents, and
synthetic preservatives.
The yield was 3.3% (1,000 g
before drying → 33 g after
drying)
Packed in 300g base unit
18/20
Future Business Portfolio
『 Expansion of new business field based on vacuum extraction technology 』
Cosmetics&
Medicines
EnvironmentalBusiness
FoodManufacturing
Cosmetics Materials
Medicines Materials
Vacuum Dried Fruits
Processed Seafood Products
Functional Health Food
Food Additives / Natural Seasoning
Seafood processing dryer
Waste biomass treatment
Bioethanol production
Production of alcohol
Food garbage disposal machine
19/20
Future Business Portfolio
B2B Products B2C ProductsBusiness AreaPortionof Biz.
EnvironmentalBusiness
10Waste biomass
treatmentProductionof alcohol
80
Food garbagedisposal machine
20
FoodManufacturing
30Dry-aged beef Dry-aged pork Dry-aged beef Dry-aged pork
Cosmetics Materials
60Natural extract
(hydrosol)Natural extract
(solids)
Food Additives (분말)
Food Additives (액상)
Natural Seasoning
Seafoodprocessing dryer
Vacuum dried sea cucumber
Seafood ProcessingProducts
Drying of seafood(toll processing)
Fruitsprocessing dryer
Vacuum dried fruits(mango, pineapple)
Natural extract(hydrosol)
Natural extract(solids)
Jeju souvenirs(hydrosol: scent)
Medicines Materials
Current Products Developed Products
20/20
Factory Introduction
LandFloor Area
Vacuum Extraction Separator
Capacity Remarks
Total2,050
㎡408㎡ 6 Machines 2,600ℓ
Excluding office floor area from building floor area
Food manufacturing facility 135㎡ Unit 3,4 850ℓ
Cosmetic material manufacturing facility
135㎡ Unit 5,7 1,100ℓ
Raw material medicine manufacturing facility
70㎡ Unit 8 600ℓ
Research facility 18㎡ Unit 1 50ℓ
Refrigeration facility 50㎡ - -
Office 40㎡ - - A temporary building
Contact Information
Name Mr. Wooyeol Chun Mr. Jonghyeok Choi
Title SVP, Head of Marketing Div. Head of Manufacturing
Cell Phone +82 10 2576 7045 +82 10 7148 9778
e-mail [email protected] [email protected]
2. Head Office & Factory Key Contacts
Contact Numbers T. +82 70 4155 2233 F. +82 64 799 3222
Address 4073-33, Iljuseo-ro, Hangyeong-myeon, Jeju-si, Jeju-do, 63009 Korea
Key Contact
Name Mr. Khan Lee Mr. Bongsoo Byun Ms. Jiyeon Yoo
Title CEO/President SVP of Finance/HR Manager of Finance/HR
Cell Phone
+82 10 4701 2914 +82 10 4752 1983 +82 10 2635 0817
e-mail [email protected] [email protected] [email protected]
1. Marketing & Factory Key Contacts