News
CVT placed 2nd at the 19th SMEs Technology-Innovation Competition

Ministry of SMEs and Startups held 'The 19th SMEs Technology-Innovation Competition' from 30th, August, 2018 to 1st, September, 2018 at Seoul Coex(3rd floor, C Hall).

This event was held to award SMEs that attributed to development of nation's economy, and to exhibit SMEs' innovative technology·product. In 19th event this year, result of tech-innovation of SMEs were promoted under the subject of "SMEs growing with innovative technology, growing youth jobs"

At the second day of event, there was a final competition of 'Tech-innovative Win-Win Competition(Tech-innovative Win-Win IR)'.


By July 24th, 32 startups enrolled and participated in preliminary rounds. And 10 teams that moved up to finals presented the status of cooperation promotion and future plans in the same day(31th, August). The 3 top companies were selected and awarded on the day by examination of VC and accelerator.

CVT, recognized for technology and business value, won 2nd place in this event.


2018-08-31
[Seoul Start-up Hub] CVT participated in 'Global Demoday' held by Seoul Start-up Hub

[Seoul Start-up Hub] CVT participated in 'Global Demoday' held by Seoul Start-up Hub

 

Seoul Start-up Hub, operated by Seoul City and Seoul Business Agency(SBA), held 'Investment Promotion Demoday' in Seoul Start-up Hub Conference Hall from 3rd, November, 2017 to 4th, November, 2017. 

This event is ran as a part of 'Seoul Startup Expo 2017', hosted by Seoul City, and conducted by SBA. Also the event include a program that supports promising start-up companies, such as funds, space, and mentoring.

At the first day of event was held 'Global Demoday'. Total 8 companies participated in this event including CVT, the company providing Full HD face recognition system solution.


2017-11-02
Ministry of Science, ICT&Future Planning awarded CVT in 'K-global Start-up Competition'
Ministry of Science, ICT&Future Planning awarded CVT in 'K-global Start-up Competition'

In 21/10/2018, the award ceremony for 'K-global Start-up Competition' were held in Pangyo Start-up Campus by Ministry of Science, ICT & Future Planning.

'K-global Start-up Competition', first held in 2010, is a ICT start-up supporting program and has supported 174 start-up until now. In this year's competition, 642 teams participated and competed.

5 teams (among 642 teams) were awarded finally, including CVT on the 4th prize.


2016-10-23
[Venture Square Interview] Woogyun Lee, CEO of CVT
[Venture Square Interview] Woogyun Lee, “We will target the domestic and overseas markets with smart home face recognition door lock."
The startup I (the writer) met today is CVT, a company that is developing Face Recognition Door Lock. One of the major products of CVT is the face-recognition access control device based on LTE and the next-generation face-recognition access control terminal.

Woogyun Lee, CEO of CVT is a veteran who has had 22 years of deep tech experience in R&D in the same industry. Starting with 7 years of security system development experience at Samsung S1, Lee took charge of development of DVRs, video processing CPUs, and NVRs in many security companies.

You said you’re currently developing face recognition door locks for domestic that are inexpensive. To understand this easily, do you mean that the homeowner can enter (using face recognition door locks) instead of a password or a card key?
"That's right. In addition, the uninvited guests are also restricted. Key, card and password are all items that can be hacked. Face recognition systems can be an alternative to that problem."

When I say that I understand that face recognition door locks are already quite prevalent in the enterprise.
“Many security-sensitive companies are already using it. But the one for domestic is still not widespread now. It’s because of the high price that is burdensome and systemic limitations. So we have focused on this problem."

How is it feasible?
“The only conclusion is the differentiated technology. I don't intend to compete with China's manufacturing costs. However, if there is a patented technology, It’s able to entrust the production to China and use the technology independently. CVT has its specialized skills in both security software and hardware. CVT achieved good results in image processing CPU and image processing algorithm development (object tracking, video adjustment, de-warping, and rendering) already, and has ability to develop IP camera products including camera design technology. In particular, the camera technology that CVT possesses has been certified by ONVIF (Open Network Video Interface Forum, also means ONVIF’s International Communication Protocol between heterogeneous IP-based devices).

Which are korean companies in the same field with CVT?
I will explain it by categorizing three areas. Access control will include Suprema, Union Community, and Five GT, and the unmanned security system(fire&alarm) will include KT TeleCop, Samsung S1, and Bkyung System. Lastly, video security companies include IDIS, HiTron, Icantek, and CNVtech.”

Where is your competitive edge that distinguishes you from other companies?
“It`s a direct and indirect experience I`ve accumulated in security part. This is because I have worked in all parts of the previously mentioned areas of access control, unmanned security system(fire&alarm), and video security for 4 years, 7 years and 15 years each. I regard security as a converged concept, not a segment," Lee replied. Lee also expected that such advantages will come out more specifically in IoT markets in the near future.

Recently, authentication methods using specific body areas such as iris, vein, and fingerprint are frequently introduced. What is the merit of face recognition?
“I want to say first that this is a natural way of authentication. Because the method is natural, the user's psychological burden is less. It is also convenient as physical contact is not necessary. Also, based on choices, the manager can check the face picture that is stored in face log."

Currently, CVT has selected as a occupant company of KT Innovation Center and a incubation company of Gyeonggi-do Creative Economy Innovation Center(Gyeongi CCEI). If it is going to co-operate with KT, I wonder what part of it would you like to collaborate with KT.
“If we are given the opportunity to discuss business with KT in the future, we want to actively develop video security systems based on network and IoT and yield good results. We will strive for Korean companies to obtain the competitive edge in the global IoT security market as well as in Korea," said Lee Woogyun, CEO of CVT.

2015-10-23