hanon systems, a leading global provider of automotive thermal and energy management solutions, has been named co-winner of the ir52 jang young-shil award with hyundai motor company for its water-air cooled condenser for passenger vehicles.

hanon systems' award winning water-air cooled condenser combines a conventional air-cooled condenser with a water-cooled condenser into a single, compact package that reduces power consumption and increases fuel efficiency compared to individual components that offer equivalent performance.

the ir52 jang young-shil award is presented to companies in korea with technologically outstanding and innovative new products. jointly sponsored by korea industrial technology association and maeil business newspaper, a leading korean business publication, the award is presented in the name of the minister of science and technology.

"we are honored to be recognized for our technical expertise and innovative delivery of value-added customer solutions," said in-young lee, president and chief executive officer of hanon systems. "the company remains sharply focused on expediting the development of innovative technologies, and continuously improving our product offering and level of service."

first introduced on the hybrid-version of the 2016 hyundai ioniq, the hanon systems water-air cooled condenser will be showcased at the 2017 seoul motor show.