SEOUL,
South Korea, May 6, 2024
/PRNewswire/ -- STRADVISION, a leader in the automotive technology
sector, proudly welcomes SUNG WOO
SHIN from Hyundai Motor Company to its esteemed board of
directors.
With over two decades of invaluable experience in the Automotive
industry, SUNG has been at the forefront of innovation. Currently
serving as Vice President overseeing Hyundai's Corporate Venture
Capital (CVC) investments, which encompass hundreds of direct
investments and 17 funds, SUNG has played a pivotal role in driving
Hyundai Motor Group's corporate venturing-based innovation
initiatives. He holds a Bachelor of Science in Industrial
Engineering from Purdue University and
an MBA from China Europe International Business School (CEIBS).
Junhwan Kim, CEO of STRADVISION,
expressed his anticipation, stating, "We are privileged to welcome
Mr. SUNG WOO SHIN to our STRADVISION
board, and we eagerly anticipate his collaboration, leadership, and
expertise. Together, we are poised to pursue ambitious goals in
leading the autonomous driving market. Mr. Sung's wealth of
knowledge and experience gained from a leading automobile company
will undoubtedly enrich our business endeavors."
STRADVISION has witnessed significant growth over the past year,
culminating in a milestone achievement of exceeding an annual
commercial production of 1 million units in 2023. The company's
SVNet has evolved with the introduction of the '3D Perception
Network,' marking a revolutionary leap in autonomous systems. This
innovative paradigm elevates the role of cameras in ADAS and
Autonomous Driving, harnessing the power of LiDAR sensors during
development while transitioning into a robust and cost-effective
alternative. STRADVISION's strategic move to bypass in-vehicle
LiDAR, focusing instead on camera-based ADAS and autonomous driving
technologies, reflects its commitment to innovation, cost
efficiency, and market leadership. This approach not only reduces
the overall implementation costs of ADAS/AD technology in vehicles
but also augments the scalability and adoption of autonomous
driving features across the automotive industry.
For more information on STRADVISION and its cutting-edge
technologies, please visit STRADVISION.
About STRADVISION
Founded in 2014, STRADVISION is an automotive industry pioneer
in artificial intelligence-based vision perception technology for
ADAS. The company is accelerating the advent of fully autonomous
vehicles by making ADAS features available at a fraction of the
market cost compared with competitors. STRADVISION's SVNet is being
deployed on various vehicle models in partnership with OEMs; can
power ADAS and autonomous vehicles worldwide; and is serviced by
over 300 employees in Seoul, San
Jose, Detroit, Tokyo, Shanghai, and Dusseldorf. STRADVISION has been honored with
Frost & Sullivan's 2022 Global Technology Innovation Leadership
Award, the Gold Award at the 2022 and 2021 AutoSens Awards for
Best-in-Class Software for Perception Systems, and the 2020
Autonomous Vehicle Technology ACES Award in Autonomy (software
category). In addition, STRADVISION and its software have achieved
TISAX's AL3 standard for information security management, as well
as being certified to the ISO 9001:2015 for Quality Management
Systems and ISO 26262 for Automotive Functional Safety.
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SOURCE StradVision