Connect with us

Technology

LG Innotek Accelerates Its Expansion into the Automotive Communication Component Market with Its Next-generation Digital Key solution

Published

on

Killing three birds—localization accuracy, security, and compatibility—with one stoneAiming for mass production in 2027: “Will solidify standing as a leading company in the automotive communication component market”

SEOUL, South Korea, Aug. 1, 2024 /PRNewswire/ — LG Innotek (CEO Moon, Hyuksoo) is gearing up to take the lead in the automotive communication component market with its cutting-edge ‘Digital Key solution’. 

The Digital Key is highlighted as a next-generation car key that can be used to open, lock, and start the car using a smartphone connected to the vehicle through wireless communication technology. Users will no longer need to carry a separate car key, eliminating the worry of misplacing it. And since the car can be started only with a smartphone connected to the digital key, there is a low risk of theft.

With the recent growth of the vehicle sharing industry, including car sharing and car rental, the demand for digital keys is on the rise. According to the global market research firm Persistence Market Research, the automotive digital key market is expected to more than quadruple, from USD 3.0167 billion in 2023, reaching USD 11.3813 billion in 2033.

LG Innotek has continuously enhanced the performance of its products since it first launched a ‘Digital Key Module for Vehicles’ in 2021. Now, it has developed a ‘Next-Generation Digital Key solution’ that significantly enhances the safety and convenience of passengers.

This product is a package of not only a digital key module installed with an antenna and circuitry but also software to operate the digital key. It places the company in a highly advantageous position in the automotive communication component market.

Killing three birds—localization accuracy, security, and compatibility—with one stone

LG Innotek’s ‘Next-Generation Digital Key solution’ incorporates the unrivalled wireless communication technology capabilities that the company has accumulated over the past 40 years.

It is equipped with short-range communication technologies, including Bluetooth Low Energy (BLE) and Ultra Wideband (UWB). UWB is a wireless communication technology that uses a wide bandwidth frequency that is less prone to interference than BLE. This technology plays a crucial role in accurately measuring the location of the smartphone connected to the digital key. This is complemented by the company’s proprietary algorithm, which accurately detects the smartphone’s location to within 10cm. This industry-leading performance is expected to significantly reduce the failure rate of existing digital keys.

Operating based on short-range wireless communication, LG Innotek’s ‘Next-Generation Digital Key solution’ is significantly more secure than the existing solution that is currently available on the market. This is because the risk of remote hacking cannot be ruled out due to the wide coverage of the long-range communication method used.

In particular, the product is equipped with the company’s independently-developed wireless communication hacking prevention technology to ensure that the digital key function can be activated only by the smartphone authorized by the user. This solves the security issue that has been pointed out as the biggest vulnerability of connected cars.

In addition, it adheres to the latest standards of the ‘Car Connectivity Consortium (CCC)’, a global digital key standardization organization. It can be used regardless of country, terrain, or vehicle type and is compatible with a wide range of smartphones. It is also designed to be interoperable with both iOS and Android operating systems, enhancing user convenience.

Furthermore, the ‘Next-Generation Digital Key solution’ is equipped with a radar that was developed in-house to provide additional functions that enhance safety and convenience.

An example is the ‘Child Presence Detection (CPD)’ function for when a child is left in the vehicle. The radar instantly detects the child’s movement or breathing and sends a real-time alert to the user’s smartphone.

In 2022, 33 children in the United States lost their lives from heatstroke after being left alone in a car. To prevent similar accidents in the future, the United States and Europe are planning to make in-car CDP systems mandatory in 2025.

Most importantly, LG Innotek’s ‘Next-Generation Digital Key solution’ is the smallest in the industry. More than 60 components and modules for BLE and UWB wireless communication, including RF (radio frequency) and power supply devices and in-house developed software, are packed into a solution smaller than a business card. This provides differentiated customer value, including greater design freedom.

Aming for mass production in 2027: “Will solidify standing as a leading company in the automotive communication component market”

LG Innotek has set 2027 as its target year for full-scale mass production of its ‘Next-Generation Digital Key solution’ and is actively promoting it to global customers of fully-built units.

In addition to this, it is accelerating efforts to capture the automotive communication component market with the second-generation ‘5G-V2X Communication Module’ that it developed last year. The company recently won an order for this module from a global automaker and expects to expand its sales volume of vehicle communication modules by more than four times this year compared to last year.

LG Innotek CEO Moon said, “LG Innotek will continue to foster automotive communication components based on its unparalleled wireless communication source technology as the core pillar of its electronic component business.” He then added, “We will continue to present products that offer differentiated customer value and solidify our position as a leader in the global automotive communication component market.”

 

 

 

 

Photo – https://mma.prnewswire.com/media/2473636/Picture1__Digital_Key_solution.jpg
Photo – https://mma.prnewswire.com/media/2473637/Picture2__Digital_Key_solution.jpg
Photo – https://mma.prnewswire.com/media/2473638/Picture3__Digital_Key_solution.jpg
Logo – https://mma.prnewswire.com/media/2312913/4840167/logo__LG_Innotek_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/lg-innotek-accelerates-its-expansion-into-the-automotive-communication-component-market-with-its-next-generation-digital-key-solution-302212127.html

Continue Reading

Technology

Anchanto Selected by CJ Foods Vietnam for Its Order and Inventory Management Software, in Partnership with eGURU

Published

on

By

Anchanto’s Order Management System (OMS) now gives CJ Foods Vietnam a single platform for its marketplace and online sales, built to carry high-volume campaigns as the business grows. 

CJ Foods Vietnam has selected Anchanto’s OMS to run its online sales reliably as it grows on Vietnam’s marketplaces.eGURU, an Anchanto channel partner, operates CJ Foods Vietnam’s online stores, while Anchanto carried out the implementation and both companies provide ongoing support. 

HANOI, Vietnam, Nov. 13, 2026 /PRNewswire/ — CJ Foods Vietnam, part of South Korean food group CJ CheilJedang, has partnered with Anchanto and eGURU, an Anchanto channel partner that runs the food company’s e-commerce stores, to handle its online orders and inventory from one place. CJ Foods Vietnam signed the agreement with Anchanto in April. Anchanto’s team implemented the OMS, which went live in July, and supports CJ Foods Vietnam day to day together with eGURU. 

As CJ Foods Vietnam expanded across several marketplaces and channels, keeping orders, inventory and promotions consistent became more complex. The OMS now aligns inventory levels across channels, sends orders to fulfilment automatically and combines sales reporting. 

Nhan T. Cao, CEO of eGURU, said, “Our brand partners want to grow on Shopee, Lazada, TikTok Shop and their own websites without adding manual work. Adding Anchanto’s OMS to our services means we can run their online operations from one platform, starting with CJ Foods Vietnam. We want to bring the same approach to more consumer goods brands in Vietnam.” 

Tu Linh Tan, eCommerce Manager at CJ Foods Vietnam, added, “We needed one platform to run our online operations reliably at scale. Since going live, our team has had a single view of orders and stock across our channels. For us, success means stable operations during peak campaigns and launching new channels faster. We see the collaboration extending to more channels and more brands as our online business scales.” 

Vaibhav Dabhade, CEO of Anchanto, added, “Vietnam is one of the fastest-moving e-commerce markets we work in, with sales shifting between platforms and evolving rules for online sellers. Our team on the ground knows that market, and we bring what we learn across Asia, Europe and the Middle East to the brands we serve here. We’re proud to support CJ Foods Vietnam, one of the country’s best-known food companies, together with eGURU, in the next phase of its growth.” 

Notes to Editors 

About Anchanto 

Anchanto is a Singapore-headquartered B2B SaaS company providing order management, warehouse management and parcel tracking software to brands, retailers and logistics providers across 12 countries. Its Vietnamese team supports leading local and regional businesses with ISO 27001-certified software and direct integrations to Shopee, Lazada, TikTok Shop and more than 200 other marketplaces, carriers and enterprise systems. 

Media Contact
Name: Charles Py
Title: Chief Marketing Officer, Anchanto
Email: marketing@anchanto.com 
Website: anchanto.com 

 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/anchanto-selected-by-cj-foods-vietnam-for-its-order-and-inventory-management-software-in-partnership-with-eguru-302938743.html

Continue Reading

Technology

ForenScope Releases Two New Crime Scene Evidence Cameras

Published

on

By

Forensic science and crime scene technology has taken another leap into the future. ForenScope has released two new versions of their popular ForenScope SuperSpectral crime scene evidence cameras. GRIMM Forensics is the exclusive reseller of the all-new ForenScope SuperSpectral FORCE and SuperSpectral CORE.

UNION HALL, Va., Nov. 13, 2026 /PRNewswire-PRWeb/ — ForenScope and GRIMM Forensics have officially released two new versions of the popular ForenScope SuperSpectral crime scene camera technology. The all-new ForenScope SuperSpectral FORCE and SuperSpectral CORE include all of the advanced features of earlier SuperSpectral versions with increased image resolution and light intensity.

“The results for bruising and injuries from the SuperSpectral FORCE & CORE are powerful tools for domestic violence and special victims investigations. It is quite simply, remarkable.” Ruth Prillaman, Director, GRIMM Forensics

The SuperSpectral FORCE features an ultra-high resolution 200 megapixel camera combined with interchangeable forensic ring-light attachments.

The SuperSpectral CORE features a high resolution 64 megapixel camera combined with a fixed, multi-purpose forensic ring-light.

Both of the new SuperSpectral models include the same “smart settings” for easily locating Body Fluids, Fingerprints, Blood, Gunshot Residue, Bruising, Strangulation Marks, Bones, Trace Evidence, and Counterfeit Currency.

ForenScope SuperSpectral technology includes basic and advanced settings to accommodate agencies with all levels of expertise. From Detectives and Crime Scene Technicians, to Crime Lab Experts and DNA Scientists, everyone can operate the SuperSpectral technology.

Each ForenScope SuperSpectral features a powerful ring-light with an integrated optical filter wheel with case management software to allow law enforcement agencies the ability to examine and document evidence at the crime scene, office, or laboratory.

The smart settings for Bruising, Bite Marks, Strangulations, and other Injuries are especially valuable for domestic violence and special victims investigations.

There are currently over 100 law enforcement agencies in the U.S. with ForenScope evidence technology.

ForenScope is a forensic technology company based in Istanbul, Türkiye. GRIMM Forensics is the exclusive U.S. reseller of ForenScope. GRIMM Forensics is a Virginia certified small business located in Franklin County, VA.

More information is available from GRIMM Forensics at www.grimmforensics.com

Media Contact

Ruth Prillaman, Crime Scene Plus, 1 (540) 565-0150, info@grimmforensics.com, www.grimmforensics.com 

Twitter, Facebook, LinkedIn

View original content to download multimedia:https://www.prweb.com/releases/forenscope-releases-two-new-crime-scene-evidence-cameras-302938418.html

SOURCE GRIMM Forensics

Continue Reading

Technology

SEMIFIVE Secures KRW 178.4 Billion in Q3 New Orders, Up 437% YoY, Driving Order Backlog to Record High

Published

on

By

Achieves 182% QoQ growth in new orders, pushing order backlog to an all-time high of KRW 245.5 billion Drives ASIC Service new orders to KRW 136.9 billion, up 705% YoY, fueled by global turnkey projects in North America Diversifies its advanced-node AI mass production portfolio, strengthening the foundation for long-term growth

SEOUL, South Korea, Nov. 13, 2026 /PRNewswire/ — SEMIFIVE, a leading global provider of custom AI semiconductor (ASIC) solutions, today announced record-breaking order performance for the third quarter of 2026, securing KRW 178.4 billion in new orders and driving its order backlog to an all-time high of KRW 245.5 billion on a consolidated basis.

SEMIFIVE achieved a remarkable 437% year-over-year (YoY) surge in third-quarter new orders, up from KRW 33.2 billion in the same period last year. The quarterly total was approximately 2.8 times the KRW 63.3 billion recorded in the previous quarter, representing a 182% quarter-over-quarter (QoQ) increase, and 1.5 times the company’s total new orders of KRW 118.9 billion for the first half of 2026. Capitalizing on surging global demand for custom ASIC solutions, SEMIFIVE accelerated its expansion into key international markets, including North America and Japan, fueling exceptional order growth.

The company pushed its order backlog to a record KRW 245.5 billion, a 75% increase from KRW 140.3 billion in the previous quarter. As these orders progressively convert into revenue, the expanding backlog is expected to serve as a powerful engine for sustained mid- to long-term growth.

SEMIFIVE generated order growth across all business segments, including ASIC development, mass production, and intellectual property (IP), with its ASIC Service business spearheading overall performance.

SEMIFIVE drove strong growth in its ASIC Service business by securing high-margin advanced-node turnkey projects. Third-quarter new orders in this segment soared 705% YoY to KRW 136.9 billion, compared with KRW 17.0 billion in the same period last year. A major high-performance computing (HPC) project win in North America reinforced the company’s position as a trusted provider of advanced-node turnkey solutions for large global customers. SEMIFIVE has also gained strong traction in the sovereign AI markets of South Korea and Japan, delivering tangible revenue growth.

SEMIFIVE leveraged the maturity of the 4nm process and its proven mass production track record to sharpen its competitive edge. As demand accelerates for AI inference chips built on the cost-effective, high-performance 4nm process, the company is actively capturing new opportunities through its established 4nm design and mass production capabilities.

In mass production, SEMIFIVE continued to secure a steady flow of purchase orders (POs) while accelerating the diversification and advancement of its product portfolio. The company is shifting its portfolio from smaller chips built on legacy process nodes for domestic customers toward advanced-node AI devices and dedicated AI HPC chips. Backed by exclusive mask production rights, stable shipments and an expanding AI mass production portfolio are expected to drive revenue growth beginning in 2027.

SEMIFIVE sustained steady growth in its IP business by securing additional orders for its off-the-shelf, silicon-validated IP offerings. The company supplies silicon-validated IP, originally developed for specific customers, to additional customers, maximizing the value of its proven IP assets. SEMIFIVE is also expanding into leading-edge 2nm and 3nm process technologies and HPC applications. By strengthening its IP portfolio based on Samsung Foundry’s 2nm and 3nm processes, the company aims to unlock additional order opportunities in the high-performance AI semiconductor market.

For the first nine months of 2026, SEMIFIVE recorded cumulative revenue of KRW 146.1 billion, up 62% YoY. Notably, as shipments of high-value AI chips gained momentum, product revenue surged 167% QoQ to KRW 12 billion, up from KRW 4.5 billion in the previous quarter, marking the beginning of a new growth phase. The company also continued to improve profitability, achieving a cumulative gross profit margin of 28%, up 11 percentage points YoY, and improving its operating margin to -14%, up 25 percentage points YoY. Looking ahead, SEMIFIVE expects to accelerate its financial performance in the fourth quarter as its KRW 245.5 billion order backlog begins converting into revenue at a faster pace, supported by increasing mass production volumes.

“Our latest performance proves that SEMIFIVE has entered a new phase of accelerated growth in the global AI ASIC market,” said Brandon Cho, CEO and Co-Founder of SEMIFIVE. “With our record-high order backlog and high-value mass production pipeline serving as powerful turbo engines, we are poised to further accelerate our growth.”

View original content to download multimedia:https://www.prnewswire.com/news-releases/semifive-secures-krw-178-4-billion-in-q3-new-orders-up-437-yoy-driving-order-backlog-to-record-high-302938707.html

SOURCE SEMIFIVE

Continue Reading

Trending