HSINCHU, May 9, 2024 /PRNewswire/ — oToBrite, a leading provider of vision-AI ADAS solutions, has successfully developed a compact all-weather vision-AI Driver Monitoring System (DMS). With a high-sensitivity automotive-grade global shutter image sensor, the system achieves outstanding Quantum Efficiency (QE), providing clear image quality day and night. With oToBrite’s proprietary secondary optical system, the overall combination effectively enhances the accuracy and reliability of the vision-AI algorithm in all weather conditions. The DMS has already been successfully delivered to heavy commercial vehicle manufacturers, mitigating the potential risks of traffic accidents.

oToBrite’s vision-AI DMS utilizes self-developed AI 3D facial landmark technology to identify over 100 driver IDs and recognize driving behaviors, including smoking, phone use, distraction, fatigue. The system remains effective even when drivers wear Level 3 sunglasses or coated glasses, without compromising the detection and recognition capabilities of vision-AI.

The vision-AI DMS features a 940nm infrared and high-QE sensor, coupled with oToBrite’s proprietary optical design, ensuring clear images in strong light conditions (>120K lux) or during nighttime driving. Additionally, oToBrite’s vision-AI technology optimizes facial image quality, ensuring accurate AI recognition whether driving against sunlight, backlight, or through tunnels.

Miniaturization is a significant trend in driver monitoring applications. oToBrite further emphasizes that, compared to many systems on the market requiring multiple LEDs for sufficient illumination, the DMS only needs one LED to meet the system’s image quality requirements. In terms of hardware technology, oToBrite’s secondary optical system adjusts the LED light source to any angle to meet light distribution needs. Concentrating the light source can double the illumination, producing more reliable images for AI recognition. This also reduces optical component usage, enhances image clarity, and saves installation space and system costs.

According to the 2023 market research report by Gii, the DMS market reached $1.3 billion in 2022, with an expected Compound Annual Growth Rate (CAGR) of 8.3% by 2028, reaching $20.8 billion. Currently, several countries are drafting or have implemented regulations, and driven by regulatory demand, oToBrite’s compact all-weather vision-AI DMS has begun mass production, contributing to achieving Vision Zero. Read more: http://www.otobrite.com/en/block/index/99

About oToBrite 

oToBrite is a leading vison-AI ADAS/AD solutions provider. Based in Hsinchu Science Park, oToBrite has IATF 16949-certified clean room factory and many years of experience as an automotive Tier-1 supplier. Through comprehensive research and development capabilities, oToBrite provides vision-AI algorithms, ECU/domain controllers and automotive-grade/special purpose cameras.

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LONDON, May 9, 2024 /PRNewswire/ — ION, a global leader in trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations, announces that FinTech Global has listed three ION products in the 2024 FinCrimeTech50 list. The included products are XTP Risk JANUS, XTP Central Limits, and ION LookOut.

The FinCrimeTech50 is an annual list of the world’s 50 most innovative tech companies offering financial crime and fraud prevention solutions. The list is part of a series of studies that help financial services executives locate business models most likely to have a lasting impact on the industry.

XTP Risk JANUS and ION LookOut are advanced real-time risk management and surveillance systems that monitor high volumes of transactions daily, ensuring compliance across markets, regions, and asset classes. Both products oversee trading, market-making, DMA, and HFT activities, adhering to bank and regulatory standards.

XTP Central Limits helps manage pre-trade settings on third-party trading platforms, reducing unauthorized limit changes. The products were recognized in this year’s list for their new advanced functionalities supporting risk management, alert workflow management, and AI/ML-based surveillance, resulting in improved productivity and reduced costs.

Mirko Marcadella, Chief Product and Marketing Officer at LIST, said, “We are honored to have secured a coveted spot on the FinCrimeTech50 list. Our offering is cutting-edge from a functional and technological point of view. Global and regional financial institutions use our solutions as they include a profound knowledge of processes in business companies of different sizes. Our solutions are market leaders in their segment, and we continue to invest in R&D to stay at the forefront of innovation.”

About ION

ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit https://iongroup.com/ 

About ION Markets

ION Markets provides transformative technology and solutions to financial institutions dealing in asset management, cleared derivatives, equities, fixed income, foreign exchange, and secured funding. Our award-winning end-to-end solutions simplify clients’ operations by automating the entire trade lifecycle, providing tools to manage risk, and maximizing access to liquidity while giving real-time access to critical information required for timely operational decisions and execution on a global scale. For more information, visit https://iongroup.com/markets/.

About FinTech Global

FinTech Global is the world’s leading provider of FinTech information services, B2B media products, and industry events.

The FinCrimeTech50 is an annual list of the world’s 50 most innovative tech companies offering financial crime and fraud prevention solutions. For more information, visit https://fintech.global/fincrime50/.

Notes to editors

1.  XTP Risk JANUS is a multi-asset, currency, and market, real-time risk management, and order validation system for exchange-traded financial instruments that can be used during pre-trade, at-trade, or post-trade. It evaluates credit and market risk in real time, with more than 80 risk indicators covering margins, P&L, exposures, position limits, and electronic surveillance.

2.  ION LookOut, developed by ION-owned LIST, is an advanced trade surveillance and market monitoring system that pinpoints breaches of regulatory requirements across multiple asset classes, and detects insider dealing and market manipulation.

3.  XTP Central Limits manages the limit workflow approval process. A pre-trade risk mitigator, it solves complex, labor-intensive, and error-prone manual problems – previously considered unsolvable – by providing an efficient way to maintain multiple high-performance trading platforms. It controls and checks third-party trading platform pre-trade settings, and reduces the risk of unauthorized limit changes.

All product and company names herein may be trademarks of their registered owners.

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SHENZHEN, China, May 9, 2024 /PRNewswire/ — i2Cool, a company specializing in electricity-free cooling technology, has attracted nearly HKD100 million (USD13.8 million) in its Series A round financing from Trustar Capital (the private equity investment business under CITIC Capital Holdings Limited), Future Times Technology Holding Company Limited, The Hong Kong and China Gas Company Limited, along with investors from earlier funding rounds. The committed capital in this round will be used to advance i2Cool’s R&D of new technologies, expand its product portfolio, and accelerate its push into global markets.

Dr. Martin Zhu, i2Cool’s Co-founder & CEO, stressed the importance of achieving this financial goal. He pointed out the strong need for electricity-free cooling technology in sectors like green buildings and industry to decrease heat, cut air conditioning expenses, increase efficiency, and enhance comfort. i2Cool meets this demand with its zero-energy, low-carbon cooling solutions.

As an innovator in green and energy-efficient materials, i2Cool is committed to advancing the R&D and practical application of electricity-free cooling with its flagship products, electricity-free cooling paint (iPaint) and electricity-free cooling film (iFilm), which have been implemented in over 100 projects globally across more than 20 countries and regions worldwide. The cooling solutions have found applications in industries including architecture, the chemical industry, power & telecom, new energy, logistics, grain storage, and photovoltaics.

The i2Cool R&D team, led by i2Cool’s Co-founder Professor Edwin TSO and stemming from the School of Energy and Environment at City University of Hong Kong, has dedicated seven years of scientific research to develop commercial applications supporting wide-scale deployment. For instance, iPaint leverages polymer blends and inorganic particles to achieve optimal optical and thermal properties, boasting an impressive 95% solar reflectivity and mid-infrared emissivity. For example, applying iPaint at a shopping mall owned by Hang Lung Properties reduced rooftop temperatures by up to 30.3°C, cutting air conditioning energy use by 42%.

Looking ahead, i2Cool is set to broaden its international presence, focusing on markets along the Belt and Road Initiative economic corridors including the Middle East and Southeast Asia. Following the successful application of its products at the Dubai Mall, i2Cool has also entered into strategic partnerships with local businesses in the United Arab Emirates.

For more information about i2Cool, please visit their official website at www.i2Cool.com.

Contact Information:
Branding Team, i2Cool
Email: [email protected]

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