[Edaily, Reporter Jeong-hyun Lee] Vehicle AI video monitoring solution provider AIMATICS (CEO Lee Chan) announced on the 19th that it has signed a memorandum of understanding (MOU) with Japan’s Keiyo Engineering to collaborate on an AI-based fleet management service (FMS) business. The signing ceremony took place at AIMATICS’ Seoul headquarters.

AIMATICS, a KOSDAQ-listed company, provides vehicle safety solutions by applying technologies such as on-device AI and machine learning operations (MLOps) to video-based driver monitoring. With operations already in the U.S. and Israel, the company intends to expand into the Japanese market through this MOU.

Keiyo Engineering, headquartered in Tokyo, specializes in black box systems and aftermarket automotive solutions. It supplies its products to customers in over 40 countries, including Southeast Asia, the Middle East, and Latin America, and has nearly 40 years of business experience.

Japan, currently facing challenges such as an aging driver population, is accelerating the digital transformation of its vehicle safety and fleet management systems. Through this partnership, Keiyo Engineering and AIMATICS aim to provide AI-powered fleet management services to support this transformation.

Keiyo Engineering plans to introduce AIMATICS’ safety solutions into the Japanese market, starting with a showcase at the 2024 International Auto Aftermarket Expo (IAAE) in Tokyo this September.

The key product for the Japanese market will be AIMATICS’ “Roadscope” series, an AI-powered video monitoring platform. Roadscope uses AI cameras—five mounted inside the vehicle—to analyze and process video data in real time, enabling detection of risky driving behaviors and immediate alerts to drivers. The platform supports ultra-fast 2.5-second event recognition and can scale to mass production, with a capacity of 380,000 units annually. Next year, AIMATICS aims to supply products worth more than $150 million to the Japanese market.

AIMATICS CEO Lee Chan stated, “Japan’s fleet management market is valued at nearly 1.8 trillion won. With the government’s push for digital transformation, the market is expected to grow by more than 10 percent annually through 2032. By entering the Japanese market through a strategic partnership, we aim to strengthen our global presence and accelerate expansion into overseas markets.”

Source: Edaily