On Thursday, August 30, 2007, IFEZ and Huneed Technologies signed a land supply agreement for the construction of an R&D center and factory in the Knowledge Information Industry Complex of Songdo International City. Huneed Technologies is a manufacturer of aerospace, communications equipment, and network-related products. This agreement is expected to expand the concentration of advanced industries in the Knowledge Information Industry Complex of Songdo International City and strengthen the foundation for related research, development, and production.