MAGO (CEO Kim Tae-hoon) announced that it will participate in ‘CES 2023’ to be held in Las Vegas, USA for a total of 1 days from January 5 (Thursday) to January 8 (Sunday, local time), 4.
Margot is a sports tech startup that recently introduced a product called ‘GyroSpeed’ to the market. It detects the start and end points of the user’s pitching motion through the gyro sensor and calculates the maximum acceleration and gyro sensor acceleration for each section. Based on this, the user’s pitching speed is predicted and displayed on the OLED screen installed in the product.
The goal is to assist pitching training based on these functions. You can intuitively check changes in velocity based on arm movement speed, and immediate feedback improves immersion in training and provides motivation. In addition, it automatically saves the number of exercises to check the training amount or sets a separate goal, helping to carry out goal-centered and systematic training.
Mago’s Gyro Speed was funded for about a month on the domestic crowdfunding platform wadiz in March of this year with the goal of raising 3 million won, and as a result, it raised 1,500 million won from 492 supporters, which is 503% of the target figure. It has achieved funding success of Won. As such, it has proven great interest among consumers, and is currently expanding its sales channels by entering its own online store and domestic and overseas open markets.
Kim Tae-hoon, CEO of Mago, said, “To improve pitching ability, we desperately need tools that can support consistent training while reducing the risk of injury. However, existing products in the related market have not improved their performance for a long time, so they are only dependent on user patience,” he said. “Accordingly, we are expanding the market base and preventing new entrants from losing interest in baseball.” “I thought we needed a product that would help, so we designed and developed Gyro Speed,” he said, explaining the background of the product development.
He continued, “As it boasts the largest scale among various global exhibitions, we expect to be able to find a buyer who will be in charge of distributing Gyro Speed in the American sports online market through this CES.” He also added, “Also, through active product promotion, “It is also significant in increasing the synergy effect of crowdfunding underway in the United States,” he added.
Meanwhile, ‘CES’, the world’s largest IT exhibition, is an exhibition where you can understand the trends of the global home appliance industry at a glance. Hosted by the Consumer Technology Association (CTA), it is held every January in Las Vegas, USA. AVING News, which has covered CES for 1 consecutive years, has reported CES news around the world every year since 17, and has been selected as the ‘BEST OF CES’, which selects the best innovative products and technologies, and the ‘BEST OF’, which selects domestic innovative companies. ‘MADE IN KOREA’ was held. In addition, CES on-site issues were vividly conveyed through ‘AVING LIVE’.
* Special reporters: Joseph Choe, Kidai Kim, Dongkwan Kim, Mokkyung Lee, Sangun Choi, Joon Suh Lee, Yeawon Choi, Jinnsun Park, Seung Hyun Nam, Min Seok Cha