Camelotech Co., Ltd. (CEO Jeong Won-cheol) announced that it will participate in CES 2024, which will be held in Las Vegas, USA from Tuesday, January 9 to January 12 (Friday, local time) next year.
Founded in June 2020, Camellotech has been on a mission to innovate the manufacturing, dispensing, and prescription methods of traditional herbal medicine in the field of oriental medicine. The company explains that its HAP system virtually automates all steps in the herbal medicine production process. From preparation and manufacturing to packaging and cleaning, everything can be done with just one click. The system also allows users to check remaining herbal medicines in real time and order them online.
While conventional medicines are generally dispensed at pharmacies and then prescribed at hospitals, Oriental medicine is taking a different route. In this area, not only are treatments and prescriptions carried out within the hospital, but the herbal medicine itself is also prepared and manufactured on site. Camelotech’s HAP system ultimately seeks to reduce the workload of oriental medicine hospitals by automating and streamlining these manual processes.
Camelotech said, “For existing herbal medicine manufacturing equipment, the boiling time is at least 200 minutes. After being transferred to packaging equipment, the herbal medicine is prepared for the next patient through a cleaning process. Because of this, you can make 3 servings of herbal medicine a day with one equipment. In contrast, our HAP system can make up to 40 sheets (2 boxes) in 5 minutes. “It is also possible to automatically clean and sterilize internal facilities,” he said.
At CES 2024, Camelotech will introduce and demonstrate its HAP system to the international stage to demonstrate its technology and ability to systematically advance oriental medicine one step further. Based on this opportunity, Korea’s oriental medicine will be able to lead the international oriental medicine market. The ambition is to let people know that they have the capabilities.
A company official said, “The global complementary and alternative medicine market is continuously expanding, focusing on herbal medicine. The herbal medicine industry is growing by an average of 10% every year in Korea alone. “Camelotech aims to capture a significant share of this market by providing solutions that dramatically reduce production times and increase capacity flexibility,” he said. “Camelotech has already secured partnerships with seven major hospitals, including universities and oriental medicine hospitals. did. Through this collaboration, the company achieved meaningful sales figures and became profitable within one year of operation. “The company’s vision is to expand beyond the Korean market and globally, starting with Japan.”
Meanwhile, ‘CES’, the world’s largest IT exhibition hosted by the Consumer Technology Association (CTA), is an exhibition where you can see the flow of innovative technologies around the world at a glance and is held every January in Las Vegas, USA. AVING News, which has covered CES for 18 consecutive years, has reported CES news around the world every year since 2006, and has been selected through ‘BEST OF CES’ and ‘BEST OF MADE IN KOREA’, which select the best innovative products, companies and technologies. has been in progress. In addition, CES on-site issues are vividly conveyed through ‘AVING LIVE’.
The CES 2024 Seoul Unified Hall will be operated at the largest scale in terms of exhibition area, number of participating companies, and number of participating supporters since Seoul City’s first participation in CES in 2020. The Seoul Integration Center, in which 13 organizations collaborate and participate, is an important step in Seoul’s efforts to make Seoul a mecca for startups, and 17 of the companies participating in the Seoul Integration Center proved this by receiving innovation awards. The participating institutions in the Seoul Unification Center are ▲SBA ▲Seoul Bio Hub ▲Campus Town ▲AI Yangjae Hub ▲Gwanak-gu ▲Yonsei University ▲Korea University ▲Chung-Ang University ▲Sogang University ▲Kookmin University ▲Hanyang University ▲Konkuk University ▲Kyunghee University. Not only the Seoul Metropolitan Government, institutions, and companies, but also supporters through industry-academia cooperation are matched 1:1 with companies, and 85 supporters, the largest number, will participate.
* Special reporters: Joseph Choe, Kidai Kim, Dongkwan Kim, Mokkyung Lee, Sangun Choi, Seung Hyun Nam, Sunghwan Kim, Taeuck Lim, Min Choi
→ Go to the CES 2024 news special page