HONG
KONG, May 26, 2023 /PRNewswire/ -- CLPS
Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today
announced that its majority-owned subsidiary, JAJI (Shanghai) Co., Ltd. ("JAJI"), has commenced
the development of a new smart cockpit product designed to enhance
the driving safety of intelligent vehicles. The product and its
associated solution are expected to be officially launched by the
end of 2023.
Recently, the pace of intelligent advancement within the
automobile industry has accelerated significantly. As a crucial
element in gauging the core competitiveness of intelligent
vehicles, the smart cockpit has emerged as a key focus in the
future direction of automobile development. According to a report
by IHS Markit, a global market research agency, it is projected
that China's smart cockpit market
penetration rate will exceed 75% by 2025, with the global market
size reaching $68.1 billion by
2030[1]. In terms of consumer demand, users prioritize
travel safety performance, which includes real-time health
monitoring and abnormal alarm applications.
Drawing on its service experience and intelligent vehicle
industry assessments, JAJI will introduce a smart cockpit product
tailored to the safety requirements of intelligent vehicle
manufacturers. The product's primary objective is to enable
intelligent transformation through the monitoring of driver health.
An optimally designed steering wheel will serve as the main input
method, facilitating the acquisition of multi-sensor data on the
driver's vital sign parameters such as blood oxygen saturation,
heart rate, and body temperature, among others. This data will be
processed through data conduction, analysis, multi-screen output,
vehicle seat integration, and other features to create a
comprehensive set of intelligent vehicle cockpit solutions. By
continuously detecting and providing feedback on the driver's
physical condition, the product will deliver real-time health
warnings and enhance driving safety.
To develop this new product, JAJI has collaborated with the
scientific research team at Tongji University, one of China's top universities. Leveraging their
respective strengths in software algorithms and hardware
manufacturing, both parties aim to drive the innovative application
of cutting-edge intelligent technologies within the automotive
industry.
Mr. Oscar Yuan, General Manager
of JAJI, said, "The smart cockpit serves as a critical
human-machine interface in the realm of automotive intelligence.
Through this product, we look forward to creating a novel driving
experience for users and expanding the possibilities of intelligent
vehicles in the future. CLPS intends to file a patent application
for this product through JAJI and plans to collaborate with
domestic auto manufacturers to achieve industrialization."
Mr. Raymond Lin, Chief Executive
Officer of CLPS, commented, "The development of this new smart
cockpit product demonstrates that JAJI has not only accumulated
substantial market experience and client resources in the
intelligent vehicle industry but also possesses significant
research and development capabilities. This health monitoring-based
smart cockpit solution holds tremendous application potential. We
aspire to utilize this breakthrough to further enhance our
technical services, research, and development capabilities, thus
contributing to the intelligent development of our clients in the
automotive industry."
[1] IHS Markit:
Intelligent Cockpit Market & Technology Trends Study
(2021)
|
About CLPS Incorporation
Headquartered in Hong Kong,
CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global
leading information technology ("IT"), consulting and solutions
service provider focusing on the banking, insurance and financial
sectors. The Company serves as an IT solutions provider to a
growing network of clients in the global financial industry,
including large financial institutions in the US, Europe, Australia, Southeast
Asia and Hong Kong, and
their PRC-based IT centers. The Company maintains 19 delivery
and/or research & development centers to serve different
customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Xi'an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining nine global centers are
located in Hong Kong SAR, USA,
Japan, Singapore, Australia, Malaysia, India, the
Philippines and Vietnam.
For further information regarding the Company, please
visit: https://ir.clpsglobal.com/, or follow CLPS
on Facebook, Instagram, LinkedIn, Twitter,
and YouTube.
Forward-Looking Statements
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements with respect to the
Company's beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance. Known and unknown risks, uncertainties and other
factors, which may be beyond the Company's control, may cause the
actual results and performance of the Company to be materially
different from such forward-looking statements. All such statements
attributable to us are expressly qualified in their entirety by
this cautionary notice, including, without limitation, those risks
and uncertainties related to the Company's expectations of the
Company's future growth, performance and results of operations, the
Company's ability to capitalize on various commercial, M&A,
technology and other related opportunities and initiatives, as well
as the risks and uncertainties described in the Company's most
recently filed SEC reports and filings. Such reports are available
upon request from the Company, or from the Securities and Exchange
Commission, including through the SEC's Internet website at
http://www.sec.gov. We have no obligation and do not undertake to
update, revise or correct any of the forward-looking statements
after the date hereof, or after the respective dates on which any
such statements otherwise are made.
Contact:
CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com
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SOURCE CLPS