Model Solution, a subsidiary of Korea & Company Group, announced on the 29th that it signed a Memorandum of Understanding (MOU) with HYCORE, an AI mobility technology company, on the 28th in Paris, France. The agreement aims to collaborate on the "AI Robot Mobility Prototype Development and Mass Production."
HYCORE, a domestic company specializing in personal mobility products, including LiDAR-based autonomous electric wheelchairs, utilizes its proprietary technologies in motor synthesis control and AI autonomous driving. The company also supports various events organized by the Korea Disabled Sports Association, contributing to the expansion of disabled sports.
During the MOU ceremony, held at the "Korea House" during the 2024 Paris Paralympic Games, Model Solution and HYCORE agreed to collaborate on the development and mass production of AI-based robot mobility products that can be widely used across various industries, including autonomous electric wheelchairs for people with mobility impairments, logistics, and sanitation.
As part of the agreement, Model Solution will play a key role in prototype (sample) production, leveraging its advanced hardware manufacturing capabilities, and will be involved in the entire mass production process. HYCORE will focus on product design and field testing.
With this MOU, Model Solution aims to accelerate the development of products combining both companies' innovative technologies and expertise. This partnership is expected to significantly enhance Model Solution's global competitiveness in the AI robot mobility sector, which is anticipated to be a key pillar of future industries.
Woo Byung-il, CEO of Model Solution, stated, "Through the development and mass production of products using Model Solution's innovative technologies, we will do our best to increase social value across various sectors, including improving the convenience of people with mobility impairments."
Park Dong-hyun, CEO of HYCORE, commented, "Through this agreement, I hope both companies can take a significant step forward in developing future technologies. We will strive to grow as a company that delivers the essential technologies needed by individuals."
Digital Times, Lim Ju-hee, ju2@dt.co.kr
HYCORE, a domestic company specializing in personal mobility products, including LiDAR-based autonomous electric wheelchairs, utilizes its proprietary technologies in motor synthesis control and AI autonomous driving. The company also supports various events organized by the Korea Disabled Sports Association, contributing to the expansion of disabled sports.
During the MOU ceremony, held at the "Korea House" during the 2024 Paris Paralympic Games, Model Solution and HYCORE agreed to collaborate on the development and mass production of AI-based robot mobility products that can be widely used across various industries, including autonomous electric wheelchairs for people with mobility impairments, logistics, and sanitation.
As part of the agreement, Model Solution will play a key role in prototype (sample) production, leveraging its advanced hardware manufacturing capabilities, and will be involved in the entire mass production process. HYCORE will focus on product design and field testing.
With this MOU, Model Solution aims to accelerate the development of products combining both companies' innovative technologies and expertise. This partnership is expected to significantly enhance Model Solution's global competitiveness in the AI robot mobility sector, which is anticipated to be a key pillar of future industries.
Woo Byung-il, CEO of Model Solution, stated, "Through the development and mass production of products using Model Solution's innovative technologies, we will do our best to increase social value across various sectors, including improving the convenience of people with mobility impairments."
Park Dong-hyun, CEO of HYCORE, commented, "Through this agreement, I hope both companies can take a significant step forward in developing future technologies. We will strive to grow as a company that delivers the essential technologies needed by individuals."
Digital Times, Lim Ju-hee, ju2@dt.co.kr