SWM Participates in KES... "Showcasing Autonomous Driving Technology"

SWM, a company specializing in autonomous driving system development, announced that it will participate in KES 2023 (Korea Electronics Show) held at Samsung COEX from the 24th to the 27th and showcase its autonomous driving AP-500.

Through this exhibition, SWM plans to provide the first opportunity in Korea for the general public to directly call and test drive autonomous vehicles on public roads around Gangnam COEX, a complex road environment. By demonstrating pilot operations in the Gangnam area, which has the most complex road environment in Korea, SWM aims to prove the performance and software stability of the AP-500 and actively target the domestic and international autonomous driving markets.

The AP-500 system is Korea’s top autonomous driving system with 1000 TOPS (tera operations per second), capable of real-time processing of autonomous driving AI and data, while simultaneously recognizing, predicting, and planning for more than 200 objects. It will demonstrate Level 4 autonomous driving technology in the Gangnam district, which has the most complex ODD (Operation Driving Domain) environment. This autonomous driving technology was recognized with the KES 2023 Innovation Award.

Based on the advanced technology integrated into the AP-500 system, SWM has enhanced the system’s completeness by collaborating with leading domestic and international companies such as KG Mobility, T Map Mobility, and Intel for the Gangnam demonstration. ▲Joint development of various performance enhancement systems reflecting vehicle characteristics was conducted with KG Mobility, ▲cooperation with T Map Mobility was made to advance autonomous driving services such as traffic information and route search, and ▲an autonomous driving system based on Intel chips was built to achieve server-level performance and maximize stability.

At this event, SWM will unveil not only the autonomous driving system but also a total autonomous driving solution. First, a real-time urban autonomous driving control center experience event has been prepared. The control center is a solution that accumulates autonomous driving data and enables autonomous driving in urban areas through AI learning. Additionally, SWM will introduce a real-time reservation service through its EveryT app and an RSE (Rear Seat Entertainment) service that enriches the autonomous driving experience inside the vehicle.

Kim Ki-hyuk, CEO of SWM, stated, "We will lead innovation in domestic autonomous driving technology and focus on commercializing domestic autonomous driving services like in the United States, contributing to the development of Korea’s autonomous driving industry." He added, "We will successfully operate domestic autonomous driving services and use this reference to expand into overseas markets."

Meanwhile, SWM plans to proceed with an initial public offering (IPO) for listing on KOSDAQ. The lead underwriter is Kiwoom Securities.

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