Published: January 13, 2016 | Seoul
KT, South Korea’s second-largest telecom company, cooperated with Samsung Electronics and CarVi, a Silicon Valley tech company specializing in advanced driver assistance systems (ADAS), to develop new ADAS technology. It collects raw data on nearby traffic conditions using cameras, then analyzes the data with an intelligent Internet of Things (IoT) platform and finally provides information on possible road hazards in real time.
“CarVi is the first among the startups entering the global market under support jointly provided by the Gyeonggi Center for Creative Economy & Innovation and the Olleh GiGA IoT Alliance program,” KT Future Convergence Business Office head Yoon Kyung-lim was quoted in a statement. “KT will expand cooperation with its GiGA IoT Alliance partners beyond CarVi and help them to enter the global market.”
The intelligent safe driving support system uses Samsung Electronics’ IoT platform named ARTIK, as well as visual information process and data security functions. CarVi has provided core ADAS technologies and KT added its driver analysis technology to connect the IoT software platform with the ADAS engine.
CarVi has been fostered under the K-Champ incubation program by the Gyeonggi Center for Creative Economy & Innovation and is pushing for joint global business projects with KT. It has showcased its technologies in China and Japan and is working to introduce its technology in the United States at the CES 2016.
“Starting with the cooperation from KT, we will lead the IoT market by discovering new joint business opportunities, not only in the car ADAS sector,” CarVi Chief Executive Officer Kevin Lee said.
KT and CarVi have also signed a memorandum of understanding to cooperate on the joint commercialization of ADAS products, development of ADAS solutions and operations in the domestic and global markets.
Source: Korean Times