Hoban Construction Develops Entrance Door Facial Recognition Technology Through Startup Tech Partnership
Introduction material of the 'Smart Home Access Security System' developed by CVT (Provided by Hoban Group)
View original image[Asia Economy Reporter Lee Chun-hee] Hoban Group announced on the 28th that Plan H Ventures, an accelerator corporation of Hoban Construction, invested in the security solution company CVT through open innovation. Open innovation refers to an innovation method in which companies procure the technologies and ideas they need from outside while sharing internal resources externally to create new products or services.
CVT, a company providing facial recognition-based security solutions, is currently developing a "smart home access security platform." The latest technologies are applied, including multi-recognition technology that can recognize multiple people at once and improved recognition rates for socially vulnerable groups.
CVT's platform is expected to resolve the difficulties of existing high-priced security solutions and popularize facial recognition technology. Going forward, Hoban Construction plans to apply facial recognition technology to its leisure business sectors such as Hoban Summit, Verdiium Apartments, and Hoban Hotel & Resort.
In particular, CVT has gained momentum in technology development by recently being finally selected for the Ministry of SMEs and Startups' TIPS program with the help of Plan H. Through the TIPS selection, CVT is expected to receive about 700 million KRW in support, including 500 million KRW in R&D funds from the Ministry of SMEs and Startups, up to 100 million KRW in startup commercialization funds, and up to 100 million KRW in global expansion funds. Additionally, CVT recently signed a strategic partnership with Panasonic, laying the groundwork for entering the Southeast Asian market.
Hot Picks Today
"Suspicious Timing?"...Trump Traded Stocks After Praising Wartime Capabilities
- "Even If I Lose My Investment, the Government Will Cover It"... The Fund Attracting Retail Investors' Attention [Weekend Money]
- There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- "I Went to 10 Convenience Stores and Still Couldn't Buy It": The Bread Sensation That Sold 100 Million Units Already [The Way We Shop Now]
- "Contact Me First If Houses Are Built": Wealthy Clients Eyeing... Will Ultra-High-End Residences Worth 20 Billion Won Be Developed? [Real Estate AtoZ]
Won Han-kyung, CEO of Plan H, said, "There is still a lack of security platforms that meet the rapidly changing environment such as the increase in single-person households and the spread of untact (non-face-to-face) life," adding, "I am confident that CVT will successfully develop and popularize the 'smart home access security platform' through the TIPS program."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
