Atoriseocheu Selected as '2022 Global ICT Future Unicorn Company' by Ministry of Science and ICT

Possessing Smart City Design SDx Technology... Planning KOSDAQ Listing in the Second Half of Next Year

[Asia Economy Reporter Kim Jong-hwa] Atoresearch has been finally selected in the '2022 Global ICT Future Unicorn Development Project' organized by the Ministry of Science and ICT. The Ministry announced on the 19th that a total of 15 companies, including Atoresearch, were selected.

Atoresearch explained that it was chosen as a future unicorn company in recognition of its AITS (AI+ITS) technology and killer application-based global capabilities as a solution to the increasingly complex urban problems.

Atoresearch has secured large projects such as Bucheon City's ITS (Intelligent Transport System) project, public Wi-Fi, and small data center construction. It has also completed projects like Paju City's 'Intelligent Hyperconnected Network Leading Expansion Project' and Daejeon Waterworks Headquarters' 'Intelligent Hyperconnected Network Leading Expansion Project.'

Jung Jae-woong, CEO of Atoresearch, said, "If you think of a smartphone, you can easily understand the functions of the smart city that Atoresearch envisions," adding, "Just as each app installed on a smartphone replaces the functions of individual devices such as a telephone, fax, or camera, implementing functions through software within a single systematized infrastructure can replace existing facilities' functions more conveniently and quickly."

CEO Jung also stated, "We will focus on expanding domestic ITS projects related to smart cities based on AITS," and added, "We are planning to list on KOSDAQ in the second half of 2023."

Atoresearch is a company specializing in Software Defined Infrastructure. It possesses domestic technology related to SDx (software defined anything), which is essential for designing smart cities that manage the entire city through data flow.

The Ministry of Science and ICT's 'Global ICT Future Unicorn Development Project' is a program that discovers promising ICT companies with high global growth potential and provides a foundation for them to grow into future unicorn companies by offering three years of credit guarantee support from the Korea Credit Guarantee Fund and one year of global expansion support.

This content was produced with the assistance of AI translation services.