IPIN LABS (CEO Jaehyun Yoo) announced that it will participate in CES 2024, the world’s largest IT and home appliance exhibition, to be held in Las Vegas, USA in January next year.
IPIN LABS is a company that provides ‘BPIN’, a deep learning-based anchor-free indoor location tracking solution. The company explains that their solutions apply indoor positioning expertise accumulated over more than 10 years and innovative unsupervised learning techniques, thereby proposing excellent performance and efficient systems.
At the same time, difficulties arising in the process of infrastructure construction and data collection have been dramatically improved to simultaneously enhance accessibility and efficiency, and high-function API and multi-function SaaS can be selected and used as needed.
IPIN LABS is a BPIN solution equipped with an API that can be directly introduced to customers’ products and services. It provides indoor and outdoor seamless complex positioning functions, and supports the construction of high-efficiency and high-precision RTLS and database of movement records. In addition, it is an integrated monitoring system that can be applied to smart factories, construction sites, etc., contributing to improving safety and productivity on site.
In addition, various convenience functions such as setting areas for each purpose, sending messages, and a positioning target management system are incorporated. Accordingly, the BPIN solution boasts high usability in deriving insights for each industrial site based on location information.
IPIN LABS plans to introduce BPIN solutions with various strengths at CES 2024 and lay the foundation for plans to enter overseas markets that will begin in earnest in 2024. Since its establishment in April 2022, IPIN LABS has performed about 10 PoCs for large domestic companies and public institutions along with technological advancement, and through this, it has proven its excellent performance and usability and succeeded in securing two large domestic companies as customers.
An IPIN LABS official said, “We plan to focus our sales on telecommunications companies that provide smart factory and commercial solutions with proven demand in Korea, and we also plan to discover partners that provide SI solutions in this field through CES 2024.” In addition, we will also establish contacts with overseas VCs investing in global deep tech startups to attract pre-A round investment scheduled for early next year,” he said, explaining the reason for participating in this exhibition.
He continued, “Indoor location tracking technology can be applied to a variety of other applications. “We are planning to expand the service to construction sites, hospitals, and schools, and it can also be used for services such as retail and indoor parking where individual consumers become end users.” “Our goal is to secure value comparable to GPS technology by sourcing and creating a global indoor map and establishing a cloud service that provides location,” he said.
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