Concluded the MOU for the self-driving/ Agricultural technology development with (Daedong Intel Funzin)
The memorandum of understanding was conlcuded with the President SungTae Lee(Daedong), President MyungSuk Kwon (Intel Korea), President DeukHwa Kim and Vice President Juhwan Kim(Funzin) etc. at the "2020 Edge AI Forum" held by Intel.
Through this cooperation, Daedong plans to bring in Intel's "Depth" camera and AI (Artificial intelligence) computing technology to use it for the development of agricultural machinery. Through this, they plan to develop autonomous driving technology that creates working path according to the agricultural machinery specifications and work environment, and also technology that diagnoses and prescribes by anayzing crops.
Daedong(CEO-Won YuHyun)said, in domestic agricultural market, working area and working time per field will increase due to aging and declining population, so we focus on the development of agricultural technology and related products to reduce resources and working time. He added, this cooperation is the starting line for Daedong to move into precision agriculture and to provide autonomous agricultural machinery that can maximize production with minimum labor.
Meanwhile, Funzin focuses on software markets such as 5G mobile communications, Computer Vision, and AI-based solutions. After launching the wireless network quality analysis solution(Ocelot 5G) last year, they are now supplying to major domestic telecommunications carriers. Recently, Funzin has been developing domestic and overseas automobile solutions based on Computer vision and AI technology.