Market Overview

LiDAR Startup SOS LAB Receives Gold Prize at the Silicon Valley International Invention Festival

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SOS
LAB
, the LiDAR technology startup in South Korea, received the Gold
Prize for ‘excellence and creative efforts to invent' for their patented
hybrid scanning LiDAR design at the inaugural Silicon Valley
International Invention Festival (SVIIF 2018). The festival was held in
San Jose, CA from July 2 to 4, and attracted a total of 172 inventors
from 17 countries, as well as the attention of local IT professionals in
Silicon Valley.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180720005090/en/

The LiDAR technology startup in South Korea, SOS LAB received the Gold Prize for 'excellence and cre ...

The LiDAR technology startup in South Korea, SOS LAB received the Gold Prize for 'excellence and creative efforts to invent' for their patented hybrid scanning LiDAR design at the inaugural Silicon Valley International Invention Festival 2018 (SVIIF 2018). LiDAR is the core scanning technology. There are 3 LiDAR products: the SL-1 for self-driving cars, the GL-3 for factory automation and robotics, and the TL-3 for security and automatic doors. (Photo: Business Wire)

LiDAR, the core scanning technology of self-driving cars, is beginning
to see accelerated market growth and demand, and SOS LAB plans to meet
this need with their featured product: the SL-1.
SOS LAB first introduced the SL-1 at CES 2018 as the world's first 3D
hybrid scanning LiDAR, and its design combines a motor scanner and
solid-state MEMS, simultaneously granting superior performance and a
reasonable price point.

In addition to the SL-1, SOS LAB offers two additional LiDAR products
designed to integrate LiDAR technology into various industries: the GL-3
for factory automation and robotics, and the TL-3
for security and automatic doors. SOS LAB is focusing on combining
hardware-based sensors and AI-based object recognition and tracking
technology using 3D point cloud LiDAR data, and plans to provide LiDAR
data space/object recognition solutions for self-driving vehicles.

SOS LAB is speeding up technology development due to increasing demand
from various domestic and foreign partners. Jiseong Jeong, Chief
Executive Officer of SOS LAB said "The company is attracting interest
from multiple high-level investors for its series A round of funding and
a forward leap into the global market. Having already established
branches in multiple cities in South Korea, and a U.S. branch in
California, SOS LAB is continuing to seek partnerships and investments
with a wide range of global companies at the forefront of the industry.
SOS LAB currently has partnerships with Hyundai Motors' Tier-1 supplier,
Samsung's Tier-1 supplier and participated in the KIC China Accelerator
program to maximize opportunities with global companies in Asia."

For more information on the innovative LiDAR technology, visit the SOS
LAB web page (http://soslab.co/)
and YouTube channel: https://www.youtube.com/c/SOSLAB

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