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Enhancing 3D Data Processing Efficiency to Propel Next-Generation Algorithm Development of 3D Perception Network SEOUL, South Korea, Jan. 16, 2025 /PRNewswire/ -- STRADVISION, a leader in deep learning-based vision perception technology, today announced the successful deployment of its Data Management Workflow. This advanced system is designed to support the development and mass production of the SVNet 3D Perception Network and was showcased to customers at CES® 2025. STRADVISION's Data Management Workflow Model to Accelerate Mass Production of 'SVNet 3D Perception Network' The Data Management Workflow developed by STRADVISION integrates end-to-end automation and optimization, spanning data collection, processing, labeling, and cost settlement. By transitioning these processes to a cloud infrastructure, the workflow achieves significant advancements in data quality, operational efficiency, and cost reduction. With the growing demand for 3D data processing—critical for autonomous driving and advanced driver assistance systems (ADAS)— STRADVISION has expanded its focus from 2D vision-centered data to 3D data, including LiDAR and multi-camera datasets. This shift necessitated an innovative, automated solution capable of handling large-scale data efficiently while improving data labeling quality and minimizing costs. To meet these challenges, STRADVISION developed its Data Management Workflow, featuring: High-quality data collection with SURF: Leveraging the STRADVISION Unified Recording Framework (SURF), this system integrates diverse sensor data to maximize data quality. Automated data pipeline: With a scalable architecture based on Kubernetes clusters and Airflow, the data pipeline optimizes computing server resources for high-performance algorithms and automates data processing, enabling efficient handling of large-scale data. Web-based labeling tool (Labelit): Supports labeling interfaces for multi-channel cameras and 3D data, enabling the labeling of various ADAS products within a single tool. By leveraging high-quality pre-labeling results from ALT (Auto Labeling Tool) and real-time corrections provided by ALAS (Auto Labeling Assistant Service), it maximizes efficiency, offers accurate workflow guidance, reduces error rates, and enhances data quality. Settlement and analysis automation: Employing Workload Logging Service (WLS) and Workload Replay Service (WRS) to automate task analysis and cost management of labeling, driving operational efficiency. Internally, this innovative workflow enables STRADVISION to accelerate data processing and quality assurance. Externally, it empowers customers by delivering high-quality data quickly, supporting their technology development and performance optimization efforts. Recent collaborations have highlighted STRADVISION's expertise in data processing and technological leadership. For example, its Auto Labeling Assistant Service(ALAS) and Deskewing(motion compensation for LiDAR and video data) solutions received high customer praise, reinforcing its position as a trusted partner in the industry. "This Data Management Workflow represents more than just operational efficiency; it is a critical enabler for the commercialization of autonomous driving technology," said Junhwan Kim, CEO of STRADVISION. "We are committed to driving innovation and strengthening our global leadership through close collaboration with our customers." For more information on STRADVISION and its industry-leading technologies, please visit STRADVISION. About STRADVISION Founded in 2014, STRADVISION is an automotive industry pioneer in artificial intelligence-based vision perception technology for ADAS. The company is accelerating the advent of fully autonomous vehicles by making ADAS features available at a fraction of the market cost compared with competitors. STRADVISION's SVNet is being deployed on various vehicle models in partnership with OEMs; can power ADAS and autonomous vehicles worldwide; and is serviced by over 300 employees in Seoul, San Jose, Detroit, Tokyo, Shanghai, and Dusseldorf. STRADVISION has been honored with Frost & Sullivan's 2022 Global Technology Innovation Leadership Award, the Gold Award at the 2022 and 2021 AutoSens Awards for Best-in-Class Software for Perception Systems, and the 2020 Autonomous Vehicle Technology ACES Award in Autonomy (software category). In addition, STRADVISION and its software have achieved TISAX's AL3 standard for information security management, as well as being certified to the ISO 9001:2015 for Quality Management Systems and ISO 26262 for Automotive Functional Safety.
SEOUL, South Korea, Jan. 15, 2025 /PRNewswire/ -- Mfive, a supplier specializing in road studs, is attracting attention in domestic and international markets for its excellent technology and products for road safety. Mfive is leading the way in enhancing the safety of drivers and pedestrians by developing road studs that operate reliably in various climates and environments. Road studs are essential road safety facilities that play an important role in reducing traffic accident rates by guiding drivers and clearly defining road boundaries, even at night and in bad weather. Mfive's road studs generate electricity using solar energy and store it on their own, and their LED lamps automatically light up when dark. They are easy to install and maintain as they do not require electrical wiring, and they boast excellent visibility, strong durability, and corrosion resistance regardless of distance and structure. In particular, they are receiving positive reviews from road management agencies as they can operate stably for 7 to 8 years without battery replacement, reducing maintenance costs. In addition, they have been recognized as an Excellent Product by the Korea Public Procurement Service, further strengthening Mfive's position in the domestic road safety market. Mfive's road studs perform particularly well in areas with heavy rainfall. While existing road studs may experience malfunction problems due to moisture and water, Mfive's road studs feature maximum waterproofness and durability, ensuring stable operation. They have excellent visibility so they are bright and clear even on rain days, and they clearly define road boundaries for drivers, greatly improving safety. In 2018, Mfive exported its Road Stud Hybrid MAS-8 to the Philippines and installed them in Dumaguete and dormitory towns located in Angeles. The Philippines is a tropical country with frequent rainfall and Mfive's product was able to prove its outstanding performance by operating stably in such environment. This served as an opportunity to promote Mfive's technology to the global market and is expected to serve as a stepping stone for advancing into overseas markets including Southeast Asia. Mfive plans to continue improving product quality and developing innovative products for road safety. Based on its technological prowess and quality, Mfive is expected to establish itself as a road safety brand recognized not only in Korea but also in the global market. http://www.mfive.co.kr
XIAMEN, China, Jan. 15, 2025 /PRNewswire/ -- Yeastar, a global leader in Unified Communications (UC) solutions, has launched a groundbreaking Hotel Management module integrated into its P-Series Phone System. Tailored for small and medium-sized hotels, this new feature combines hospitality communications with lightweight property management to streamline hotel daily operations and enhance guest satisfaction. The Hotel Management Module provides a comprehensive suite of hospitality-centric features with dedicated service panels. With it, hotel staff can efficiently manage room assignments, guest check-ins/outs, housekeeping updates, wake-up calls, room moves, service billing, and more day-to-day operations with just a few clicks in one unified interface. Back-office features such as custom room status, class of service, guest stay history, call accounting, and branded invoice are also included to further optimize workflows. For small-scale hotels, the PBX-inbuilt hotel management provides a cost-efficient way to simplify day-to-day hotel operations without incurring the high costs of traditional property management systems. Hotel staff can effortlessly handle guest services, room management, and hotel communications in one unified system, eliminating the complexity of juggling multiple platforms. This ease of use reduces training time and improves operational efficiency, ultimately enhancing the guest experience. "The addition of the Hotel Management module to our P-Series Phone System underscores Yeastar's commitment to delivering value-added hotel communications solution," said Arya Zhou, Head of Global Sales at Yeastar. "As hotels seek to enhance their operational efficiency and guest experience, our all-in-one solution offers the tools they need to succeed in a competitive market." Key Advantages of Yeastar P-Series Phone System for Hospitality Unify all future-proof UC capabilities for scalable business growth, including PBX, call center, live chat, SMS, omnichannel messaging, Linkus UC Clients, and more. PBX-inbuilt Hotel Management module for lightweight hotel management Support a wide range of PMS integrations including Oracle Hospitality Opera Support auto-provisioning 400+ popular hotel phone models in the market Effortless deployment & excellent compatibility in different hotel setups About Yeastar Yeastar makes digital value easily accessible from ownership and adoption to daily usage and management by transforming how businesses connect and communicate. Yeastar has established itself as a leading provider of UC solutions with a strong ecosystem, a global network of channel partners, and over 450,000 customers worldwide. For more information about Yeastar or to become a Yeastar partner, please visit https://www.yeastar.com/. Media Contact:Nicole Liu+86-592-5503309marketing@yeastar.com
Capitalizes on Company's APAC Growth Momentum CHANGSHU, China, Jan. 15, 2025 /PRNewswire/ -- Nexteer Automotive today announced the grand opening of its new facility in Changshu, Jiangsu Province, China, as a strategic expansion of its advanced steering systems manufacturing and testing capabilities. This expansion positions Nexteer to further capitalize on growth momentum in APAC and meet increasing demand for advanced Electric Power Steering technologies from global and domestic automakers. NEXTEER’S FACILITY GRAND OPENING IN CHANGSHU, CHINA Nexteer's Changshu Campus, spans approximately 137 acres and features state-of-the-art automated production lines, advanced testing and validation laboratories, plus test tracks featuring various road surfaces and environmental conditions. In addition to increased production and validation capacity, Nexteer's Changshu grand opening also officially marks expanded production of Dual-Pinion Electric Power Steering systems (DPEPS), including Nexteer's mPEPS, an innovative modular approach that leverages existing building blocks for affordable, fast-to-market, flexible and scalable steering systems – while maintaining safety and performance excellence. "The opening of Nexteer's Changshu Campus is an important step in capitalizing on our growth momentum in APAC and globally. This new facility will greatly enhance our production and validation throughput, efficiency, competitiveness and customer responsiveness," said Robin Milavec, President, Chief Technology Officer, Chief Strategy Officer, CSO and Executive Board Director of Nexteer Automotive. APAC's automotive market is quickly evolving alongside megatrends such as electrification, connectivity, software-defined vehicles and more. Consequently, our customers' need for the most advanced motion control solutions that are affordable, fast-to-market and flexible – also continues to grow and become more complex. "Nexteer's expansion in Changshu strengthens our APAC market position and supports economic development via technological and industrial transformation. This not only aligns with the high-end, intelligent and green development direction of the manufacturing industry advocated by China's New Quality Productive Forces, but also supports Nexteer's vision to be the leading motion control technology company accelerating mobility to be safe, green and exciting," said, Jun Li, Global Vice President & APAC Division President of Nexteer Automotive. Nexteer's Changshu facility grand opening is one element of an overall strategy that balances a global footprint of manufacturing, technical centers and customer service centers to support more than 60 vehicle manufacturers globally. The company's footprint spans five continents, with regional production and technology centers located in close proximity to OEM customers and digitally connected globally for optimal efficiency and collaboration across time zones and technical specialties. ABOUT NEXTEER AUTOMOTIVE Nexteer Automotive (HK 1316) is a global leading motion control technology company accelerating mobility to be safe, green and exciting. Our innovative product and technology portfolio includes electric and hydraulic power steering systems, steer-by-wire systems, steering columns and intermediate shafts, driveline systems and software solutions. The company solves motion control challenges across all megatrends – including electrification, software/connectivity, ADAS/automated driving and shared mobility – for more than 60 customers around the world including BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as well as automakers in India and China including BYD, Chery, Great Wall, Geely, Xpeng and others. www.nexteer.com Press Kit Link to Images
NPST's innovative technology underscores its commitment to advancing digital payment adoption to meet diverse user needs, and its strategic adaptability establishes it as a pivotal player in India's financial ecosystem. SAN ANTONIO, Jan. 15, 2025 /PRNewswire/ -- Frost & Sullivan recently researched the payment technology industry and, based on its findings, recognizes Network People Services Technologies Ltd. (NPST) with the 2024 Indian Company of the Year Award. The company provides banking solutions and payment processing infrastructure that interconnect financial entities within the broader banking and fintech sectors. Its core mission is to provide cutting-edge digital technology to all entities in the financial value chain, ensuring robust support at every stage of the payment process. The company provides banking solutions and payment processing infrastructure that interconnect financial entities within the broader banking and fintech sectors. Listed on the National Stock Exchange (NSE) SME platform, NPST has significantly shaped India's digital payments landscape. Its solutions span digital banking, payment switching and processing, merchant acquiring, and RegTech offerings, catering to banks, payment aggregators, merchants, and TPAPs. With a forward-looking vision encapsulated in its NPST 2.0 strategy—Innovate, Transform, and Grow—the company is driving technological advancements in areas like fraud detection, real-time lending, and embedded payments, enabling transactions through ERP and smart devices such as vehicles, smartwatches, and meters. NPST is making significant investments in artificial intelligence (AI) and machine learning (ML) to enhance its payment solutions. NPST's Risk Intelligence Decisioning Platform, a cutting-edge AI-driven operations engine, is supported by a comprehensive data lake that consolidates transaction data. This advanced system allows for the real-time identification of high-risk transactions and merchants. It includes tools designed to enhance compliance and mitigate fraud, such as a merchant trust score, a customer transaction score, and chargeback fraud prevention. Additionally, the company's flagship EVOK 3.0 Payments Platform as a Service provides a comprehensive solution for aggregators, gateway providers, and merchants. Covering the entire payment life cycle—from transaction processing to risk management—EVOK 3.0 integrates AI and ML to offer advanced capabilities like multi-bank intelligent routing and predictive fraud intelligence, ensuring efficient management of high transaction volumes. Other groundbreaking innovations include: PayJoy: Seamless access to real-time UPI credit in a country with low credit card penetration. Bill Direct: Bill Aggregation engine for deeper penetration in payment collections. TimePay Cash: Enabling cash withdrawals using QR codes at local stores. UPI Circle: Expanded digital payment access through shared accounts. Contextual Payments: Enhanced customer checkout experience. UPI Lite Auto-Top Up: Automatically replenishing UPI Lite accounts, ensuring users have sufficient transaction funds. Rahul Agarwal, Associate director for growth advisory at Frost & Sullivan, observed, "NPST's achievements, including pioneering online merchant dispute resolution in India and expanding its platform to offer value-added services like AI-powered fraud detection and real-time lending, set it apart in the industry. Its diversification into non-banking financial companies and third-party application providers highlights a well-rounded growth strategy. NPST consistently prioritizes customer experience, fostering long-term relationships and demonstrating its commitment to client satisfaction and growth. The company's focus on exceptional service is reflected in the loyalty of some of its clients, with critical partnerships spanning over a decade. The company is also working to improve payment acceptance infrastructure via access to affordable devices, (QR and SoundBoxes) while integrating AI and ML capabilities to enhance, efficiency, and scalability. These investments support growing transaction volumes and help NPST maintain its competitive edge in facilitating wider digital payment adoption. The company's emphasis on client relationships, digital literacy, and social responsibility underscores its role as a payment technology leader and its commitment to broader economic and social contributions. The company's financial performance reflects strong growth, with revenues increasing from INR 41 crore in fiscal year (FY) 2023 to INR 130 crore in FY 2024, and EBITDA rising from INR 12 crore to INR 43 crore during the same period. NPST's strategic adaptability establishes it as a pivotal player in India's financial ecosystem, drives economic growth, and promotes financial inclusion across the country. "NPST's advances towards international expansion and transitions to the National Stock Exchange of India main board with emphasis on transparency, governance, and continual innovation, cementing its position as a leader in the global payment technology industry. The company's exceptional performance, forward-thinking strategies, and commitment to customers and societal impact make it a deserving recipient in India's payment technology sector," added Norazah Bachok, best practices research analyst at Frost & Sullivan. With its strong overall performance, NPST earns Frost & Sullivan's 2024 India Company of the Year Award in the payment technology industry." Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration. Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry. About Frost & Sullivan For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion. Contact: Tarini Singh E: tarini.singh@frost.com About NPSTFounded in 2013, NPST is a PayTech firm listed on the NSE Small and Medium Exchange. A leader in digital banking and payment processing solutions, NPST is dedicated to advancing the digital payments ecosystem by delivering cutting-edge technology solutions to banks, fintechs, and other industry players. The company's offerings include online and offline transaction processing, banking super apps, fraud prevention, dispute management, and compliance technology. NPST's mission is to drive the growth of businesses, individuals, communities, and economies. With over 100 clients and processing more than 60 million transactions daily, NPST continues to make a significant impact on the digital payments ecosystem. To learn more about NPST and its award-winning solutions, please visit www.npstx.com Contact: Vanita D'souzaE: vanita.dsouza@npstx.com
HSINCHU, Jan. 15, 2025 /PRNewswire/ -- oToBrite, a leading Vision-AI expert, is expanding its autonomous driving portfolio beyond its successful development of Level 2+ ADAS (Advanced Driver Assistance Systems) solutions for passenger and commercial vehicles. The company is now leveraging its 1-8MP GMSL™ AD (Autonomous Driving) camera modules to target autonomy applications such as self-driving trucks, delivery robots, smart agriculture/mining, autonomous logistics, and unmanned vehicles. Collaborating with various industrial computer partners, oToBrite is making significant strides toward autonomous robots and unmanned vehicle markets. oToBrite Unveils Cutting-Edge Vision-AI Solutions for Autonomous Vehicles and Robotics at Automotive World 2025 According to oToBrite, the key to its success in developing Level 2+ ADAS and autonomous driving camera modules lies in its mastery of high-speed camera module manufacturing and vision-AI deep learning technologies. By independently developing algorithms, software-hardware integrations, camera modules, etc., the company delivers cutting-edge solutions for various driving scenarios. These capabilities also extend to meeting the requirements of autonomous robots and unmanned vehicle applications. Since mass-producing the world's first vision-AI Automatic Parking Assist (APA) system for XPENG Motors in 2018, oToBrite has continued to innovate with its Autonomous Valet Parking (AVP) system. Its advancements in multi-camera VSLAM (Visual Simultaneous Localization and Mapping) technology, combined with AD camera modules, have further enhanced the functionality of unmanned vehicles and autonomous robots. In addition, oToBrite's Vision-AI capabilities have empowered customers to enable Level 2+ ADAS functions and meet several regulations for heavy commercial vehicles, including ACSF-B1/ESF (UN R79), BSIS (UN R151), MOIS (UN R159), REIS (UN R158), and further e-mirror functions (UN R49). oToBrite will showcase its Vision-AI-powered products at the 2025 Automotive World exhibition, including its all-in-one system, oToGuard, for heavy commercial vehicles, multi-camera VSLAM technology, and 1-8MP GMSL™ AD camera modules supporting several edge AI/robot platforms. The event will take place from January 22 to 24 at Tokyo Big Sight, Booth No. E46-32. For more information, visit oToBrite's official website: https://www.otobrite.com.
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