CU Box Signs Video Recognition AI Solution Supply Agreement with Vietnam's TriNAM

AI video recognition specialist CUBox announced on the 8th that it signed a business agreement with Vietnam's TriNAM on the 7th. Both companies will focus their mutual capabilities on the Face On and e-KYC businesses. TriNAM Group is currently a mid-sized company in Vietnam specializing in government digitalization projects.

Through this agreement, CUBox plans to actively supply facial recognition technology-based products to the Vietnamese market. TriNAM will be responsible for sales and distribution of this business locally in Vietnam. CUBox stated that by supplying e-KYC and Face On to local government agencies in Vietnam through this agreement, it will mark the starting point for overseas solution distribution.

Since its listing on KOSDAQ in May 2023, CUBox has been actively promoting AI businesses in various fields. It is pushing three services?e-KYC, Face On, and Face Payment?as strategic projects. Face On, which is preparing for full-scale supply in Vietnam, is also based on CUBox’s strategic business.

Among CUBox’s three strategic businesses, Face On has already been supplied to leading domestic conglomerates. Additionally, it has received a love call from a major financial institution and is on the verge of signing a contract. Furthermore, the company has formed a separate TFT (Task Force Team) to advance the e-KYC and Face Payment services. These services are expected to be added to the IBK BOX PLATFORM, which has 100,000 affiliated stores nationwide, maximizing platform convenience.

A CUBox official stated, “Taking this agreement as an opportunity, we will establish a cooperative system with Vietnam and actively supply AI solutions to overseas markets including Southeast Asia, doing our best to achieve the company’s target performance.”

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