People & Technology’s AI Lab has entered into a supply contract with Hanwha Techwin, a global leader in CCTV manufacturing, to provide an AI-based vehicle information recognition software that includes Automatic Number Plate Recognition (ANPR).

Hanwha Techwin’s Global Standing

Hanwha Techwin is a major player in the global security market, particularly excelling in urban safety and parking lot CCTV applications, where it holds a strong market share.

Details of the Agreement

Under this agreement, People & Technology’s ANPR software will be pre-installed on Hanwha Techwin’s 4K AI CCTV cameras. The software enables:

• Recognition of diverse vehicle information, with all processing performed by the camera’s embedded SoC chip using Edge AI.
• Streamlined system architecture: No need for a separate vehicle number recognition server system.

Revolutionizing AI Processing

Traditional systems rely on transmitting data to a central control server for processing, requiring substantial investment in AI servers and robust video transmission networks. The new Car Mobility AI software, however:

• Utilizes the GPU of the SoC chip for lightweight Edge AI processing.
• Transmits only AI-analyzed image results, significantly reducing server costs and network resource consumption.
• Simplifies system configurations, minimizing operational and maintenance expenses.

Applications and Advantages

The software is already demonstrating high recognition accuracy and operational efficiency in tests by Hanwha Techwin’s customers. Its applications include:

• Parking Lot Management: Identifying vehicle license plates at entrances and exits.
• Security Systems: Speed monitoring, illegal parking detection, and other urban safety applications.
• Exceptional performance under challenging conditions, such as low light and varied angles, highlights its superiority over competing solutions.

People & Technology’s Role in AIoT Innovation

People & Technology’s IndoorPlus+ platform collects and processes vast amounts of previously untapped data, transforming it into valuable intelligence assets through AI. This AIoT-driven approach strengthens the value chain across devices, infrastructure, and data processing.

The company’s AI Lab, led by Dr. Byung-Heup Jeon, specializes in mathematically modeling the interaction of data within its spatial context to deliver uniquely tailored AI solutions.

Executive Remarks

Hong Sung-pyo, Co-CEO of People & Technology, noted:
“Our ANPR software outperforms competitors with superior recognition accuracy, even in low-light and challenging camera installation conditions. The lightweight implementation on Hanwha Techwin’s SoC chipsets further underscores our technical advantage. We look forward to expanding our collaboration with Hanwha Techwin into new domains.”

Future Vision

Amid slow market adoption of AI due to cost-effectiveness concerns, People & Technology’s AI Lab continues to deliver field-proven AI solutions tailored to B2B customers, ensuring operational efficiency and cost-effectiveness. This approach positions the company as a leader in expanding the AI market through practical and impactful innovations.