MOU_Pocheon

MEMORANDUM OF UNDERSTANDING

ON DEMONSTRATION AND R&D OF MANNED-UNMANNED TEAMING SYSTEMS FOR GLOBAL MARKET DEVELOPMENT

Pocheon City – FineVT Robotics LAB

Pocheon City and FineVT (hereinafter collectively referred to as the “Parties”), based on mutual trust and cooperation, hereby enter into this Memorandum of Understanding (“MOU”) to promote mutual development through cooperation between the Parties and to contribute to industrial development through the creation of domestic and international demand for advanced mobility technologies in Pocheon City and through international joint research and development.

Article 1. Purpose

The purpose of this MOU is to share a mutual understanding of cooperation between Pocheon City and FineVT and to establish the necessary matters for such cooperation.

Article 2. Areas of Cooperation

To effectively achieve the objectives of this MOU, the Parties shall cooperate in and further develop the following areas:

  1. Defense Cluster / Manned-Unmanned Teaming (MUM-T)
    Cooperation in the demonstration and joint participation in projects related to military manned-unmanned teaming systems within the Defense Cluster, as well as cooperation in technology development related to defense drones.
  2. Land Mobility and Maritime Mobility
    Cooperation in R&D, testing, and certification of land-based and maritime mobility systems.
  3. Next-Generation Communications
    Cooperation in testing and certification related to quantum cryptography, mesh networks, and next-generation communications.
  4. UAM / AAM
    Cooperation in the development, testing, and certification of related technologies for Urban Air Mobility (UAM) and Advanced Air Mobility (AAM).
  5. International Business / Global R&D and Export
    Cooperation in creating market demand through global R&D, exports, certification, and related international business activities.Related programs referenced in the MOU include:
    • Korea–UK R&D Project RS-2024-00412531, research on lightweight dual-communication quality measurement technology related to safe AAM and UAM operations.
    • Korea–Kazakhstan NAS R&D Global Korea Center Technology Cooperation Project.
  6. Other Areas of Cooperation
    Cooperation in other areas mutually recognized by the Parties as necessary for the promotion and development of the above projects. 드론랩

Article 3. Cooperation and Support

Detailed matters necessary for the implementation of the projects stipulated in Article 2 shall be determined through additional consultation between the relevant Parties for each individual project, in order to ensure mutual administrative fairness and procedural transparency.

Article 4. Confidentiality

Neither Party shall use for any other purpose, disclose externally, or provide to any third party any facts, information, or materials obtained in connection with this MOU without the prior mutual consent of the Parties.

This confidentiality obligation shall remain effective even after the expiration or termination of this MOU.

Article 5. Protection of Intellectual Property Rights

When exchanging materials, documents, information, human resources, or other resources between the Parties, neither Party shall infringe upon the other Party’s intellectual property rights or confidential information.

Article 6. Effectiveness and Term

  1. This MOU shall become effective on the date it is signed by the representatives of both Parties.The term of this MOU shall be three (3) years from the effective date. Unless either Party expresses its intention not to renew the MOU, it shall be automatically renewed in one-year increments.
  2. Either Party may terminate or cancel this MOU by providing written notice to the other Party at least one (1) month in advance in any of the following circumstances:
    • Where either Party fails to faithfully perform or violates this MOU; or
    • Where circumstances make it difficult to maintain the MOU.

Article 7. Legal Effect

  1. Except for Article 4 (Confidentiality), this MOU shall not create any legally binding obligations between the Parties.
  2. Where it is necessary to define specific rights and obligations between the Parties beyond Article 4, the Parties shall enter into a separate agreement or contract.

Article 8. Assignment

Neither Party may transfer or assign its status, rights, or obligations under this MOU to any third party without the prior approval of the other Party.

To ensure the faithful implementation of the foregoing provisions, this MOU has been executed in two (2) original copies, signed and sealed by the representatives of both Parties, with each Party retaining one original copy.

December 4, 2024

FineVTPocheon City
Hyung-Young YoonBaek Young-hyun
CEO, FineVT Co., Ltd.Mayor of Pocheon City