[Asia Economy Reporter Hyunseok Yoo] Innodep, which was listed on the KOSDAQ market last month, has been soaring for two consecutive days. Amid growing interest in metaverse-related stocks in the domestic stock market, news that the company is collaborating on Microsoft's mixed reality-based wearable device 'HoloLens' appears to have influenced its stock price.
As of 9:16 a.m. on the 22nd, Innodep was trading at 25,350 KRW, up 16.55% (3,600 KRW) from the previous trading day.
After surging to the daily price limit the day before, it has maintained an upward trend for two consecutive days.
Innodep is a company that integrates a series of hardware and software required for video data processing into a platform form. Based on its core technologies IOD and IDL, it mainly provides security-related solutions to the public sector.
Microsoft officially launched HoloLens 2 in Korea last November. After the first release in the U.S., Japan, and other countries, Korea was included in the second release group. Unlike virtual reality (VR) or augmented reality (AR), HoloLens emphasizes mixed reality (MR), which outputs scanned 3D images of real objects onto the real-world screen and allows free manipulation. It is one of Microsoft's representative metaverse technologies.
At the time of the HoloLens 2 launch, Innodep, which provides video surveillance solutions, demonstrated modeling that implemented a real urban environment as a digital twin. There are pin-shaped icons marking locations above buildings, allowing users to find necessary places immediately, and clicking on a building instantly renders its blueprint information in 3D. This enables effective facility management of construction sites or factories that are difficult to access in reality.
According to Innodep's investment prospectus, they developed 'InnoCodec.' Compared to standard codecs, this technology doubles the speed at which computers process video. It allows surveillance operators' computers to view twice as many channels, increasing the maximum number of videos displayed on one monitor from 9 to 16.
The subsequently developed C-Stream technology is compatible with video codec standards (MPEG, H.264, H.265, etc.) while further reducing video file sizes by approximately 50% to 80%. This cost-saving technology reduces storage and transmission device expenses by the amount of the additional file size reduction. While some companies have implemented such technology in chips, Innodep is the world's first to implement it in software. It is highly versatile as it is compatible with all cameras worldwide.
Typically, to extract objects, compressed video must be decompressed back to the original video, then objects are identified and selected. IOD technology enables object extraction analysis without decompression, reducing the number of devices (servers) required for video analysis calculations by half. Through IDL, AI and deep learning technologies have been applied to the company's video security solutions.
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