Making AIoT a Reality of Today and the Vision of Tomorrow!

Seoul – December 31, 2021 –

People & Technology, a leading IoT and AI platform solutions provider, announced that its IndoorPlus+ IoT-based indoor and outdoor asset positioning system has been designated as a 2021 Fast Track III Innovation Product by the Public Procurement Service (PPS).

What is an Innovation Product?

Innovation Products are selected by the PPS based on their public value, innovation, and market potential. Benefits of the designation include:

• Liability Protection: Procurement officers are protected from liability for losses incurred from purchases, provided there is no proven negligence or misconduct.
• Mandatory Procurement: Public institutions are required to allocate 1.6% (or 0.8% for local governments) of their total procurement budgets to Innovation Products. These purchases are factored into institutional performance evaluations.

About IndoorPlus+

IndoorPlus+ is a cutting-edge asset tracking solution that continuously monitors the location of assets indoors (via BLE) and outdoors (via GNSS). Key features include:

• Long Battery Life: Operates for one year on a single charge.
• Cost Efficiency: Uses a LoRa private network, eliminating additional communication fees regardless of the number of tracked assets.

This system is currently deployed at Incheon International Airport, addressing challenges in tracking assets moving between indoor and outdoor environments. The solution prevents theft and loss, enables intuitive management of asset utilization, and is expected to expand to airports, ports, and industrial facilities globally.

Proven Expertise in IoT Solutions

People & Technology has a strong track record, including:

• Healthcare: IndoorPlus+ SmartCare offers location tracking, asset management, sensor monitoring, and mobile app capabilities for hospitals, supporting real-time monitoring of patient vitals, asset management, and nurse task automation.
• Industry: Deployment at companies like Doowon Heavy Industries and hospitals such as the National Cancer Center and Severance Hospital, showcasing the reliability of its IoMT solutions.
• RTLS Success at Incheon International Airport: Tackling asset management challenges with seamless indoor and outdoor tracking.

In 2021, more than 100 organizations across healthcare, IoT for buildings, logistics, airports, and public sectors adopted the IndoorPlus+ solution, reflecting the company’s rapid growth and industry leadership.

Comments from Leadership

Hong Sung-pyo, Co-CEO of People & Technology, stated,
“Being recognized under the Fast Track III program highlights our commitment to innovation. We anticipate increased adoption in the public sector, including central government agencies, local governments, public institutions, and industrial facilities.”

This milestone underscores People & Technology’s role as a pioneer in IoT and AI-driven asset management, paving the way for greater public and private sector adoption.