RELEASE: Y2 Solution Announces Expansion Plans for EV Fast-Charging Infrastructure in N

(Information sent by the signatory company).

RELEASE: Y2 Solution Announces Expansion Plans for EV Fast-Charging Infrastructure in N

(Information sent by the signatory company)

Madrid, December 20

Y2 Solution (KOSPI listed: 011690) today announced its ambitious plans for the North American fast-charging electric vehicle market with the pre-launch of its innovative 30 kW fast-charging module. Leveraging its 40+ years of experience as a premium energy solutions company, Y2 Solution is taking the next steps to bring its expertise to the growing North American market.

With recently announced US federal funding to develop a national electric vehicle charging network along public highways, it is estimated that more than 500,000 new electric vehicle charging stations will be installed across the country. To quickly develop this infrastructure, high capacity, efficient and reliable power modules will be needed, where Y2 excels. More importantly, the strategic supply chain required to meet this demand further bolsters the value of Y2 Solution with flexible manufacturing sources in Korea and Vietnam, and the goal of establishing a North American manufacturing base in the next 2 years. "Y2 Solution is not new to the power module market. Our mission is to bring the highest quality solution to the expanding North American market during this exciting time of EV infrastructure development," said Harry Kang, CEO of Y2 Solution. "With our 40 years of advanced R D, innovation, world-class manufacturing and quality assurance, we are confident that we will have a major impact in the EV charging industry." Y2 for DC fast chargers significantly reduces the charging time of electric vehicles. With up to 96% efficiency, a universal input voltage range of 304V AC to 528V AC, and output voltage from 150V to 1000V, these modules offer flexibility and scalability for North American EV charger manufacturers. A 50 kW power module solution is also being developed." Y2 Solution manages the entire process, from RD to series production, and maintains a rigorous quality management system based on globally recognized standards and certifications. We offer highest possible reliability and quality in this sector". stated DY Huh, PhD, President of R&D for Y2 Solution. The demand for reliability and performance in the North American market has created the ideal conditions for the next phase of growth for Y2 Solution. Y2 Solution will hold a private exhibition at the Trump International Hotel in Las Vegas (January 5-7, 2023). Visit the website for more information. About Y2 Solution For more than 40 years, Y2 Solution has demonstrated technological leadership in the design, engineering, and manufacturing of advanced power supplies in industries such as defense, telecommunications, consumer electronics, LED lighting, and now electric vehicle charging. Y2 Solution developed the world's first ultra-slim power module, and its premium power supplies have been used in UHD and OLED TVs for one of the world's leading TV brands for over 30 years. Y2 Solution is headquartered in Korea, with factories in Vietnam and China, and offices in the United States. Y2 Solution has been listed on KOSPI (011690) since 1995. Forward-Looking Statements This press release contains "forward-looking statements" that involve risks, uncertainties and assumptions which, if they never materialize or prove incorrect, could cause Y2 Solution's results to differ materially from those expressed or implied in said statements.

Contact Contact name: Eric J. Oh Contact description: Senior Vice President of Global Business Operations Contact phone: 82 10 7711 1277