Seoul Robotics Explores Partnership in Industrial Autonomous Driving R&D with UAE
March 11, 2024
Seoul Robotics, a leading industrial autonomous driving company, announced on the 11th that it is exploring collaboration opportunities for joint research and development (R&D) with the Abu Dhabi Advanced Technology Research Council (ATRC), a government entity under the United Arab Emirates (UAE).
Earlier, Seoul Robotics provided an overview of the industrial autonomous driving market landscape and prospects during a visit by key officials from ATRC to its headquarters on the 28th of last month.
According to the company, ATRC has shown significant interest in Seoul Robotics' proprietary industrial autonomous driving software, 'Level 5 Control Tower' (LV5 CTRL TWR). In-depth discussions were held regarding the adoption of 'Level 5 Control Tower' in the automotive logistics sector within the Middle East market.
Seoul Robotics' Level 5 Control Tower software enables non-autonomous vehicles to operate autonomously, akin to autonomous vehicles. The company has already finalized contracts with numerous Asian automotive manufacturers for the adoption of Level 5 Control Tower and is actively pursuing technology proof of concept (PoCs).
Established in 2020, ATRC aims to foster an advanced technology ecosystem, positioning Abu Dhabi as a global hub for research and development. Currently, it prioritizes strategic initiatives in aerospace and space, food and agriculture, healthcare, safety and security, sustainability, environment and energy, and transportation sectors.
ATRC is also committed to recruiting global talent, with Korea selected as the first destination for its global collaboration efforts this year.
Hanbin Lee, CEO of Seoul Robotics, expressed appreciation for ATRC's visit to their headquarters for partnership discussions. He stated, "We are honored that ATRC has chosen Seoul Robotics, a company at the forefront of industrial autonomous driving, for collaboration. With this visit facilitated through the Abu Dhabi Investment Office (ADIO), we anticipate further discussions on investment opportunities in our pre-IPO round."
