CUBox is showing strong performance. Securities firms' analysis that the company will grow through diversification into front-end industries such as medical artificial intelligence (AI) and logistics robots appears to be influencing its stock price.
As of 9:36 AM on the 20th, CUBox was trading at 13,890 KRW, up 2,000 KRW (16.82%) from the previous trading day.
Hana Securities analyzed that CUBox is expanding its business areas into medical AI and logistics robots based on its unique AI video recognition technology.
Researcher Kim Gyusang of Hana Securities introduced, "CUBox is a company that develops AI algorithms and designs related hardware and software," adding, "Through long-term investment in the domestic AI facial recognition field, it possesses ‘Liveness’ technology capable of detecting 3D masks using only an RGB camera."
Kim also noted, "CUBox signed a joint research and development contract on the 19th with Catholic University for a ‘middle ear disease diagnosis AI model’," and predicted, "Development will be completed next year, and the company is expected to enter the medical AI field in earnest." Furthermore, he emphasized, "CUBox is developing AI vision-based logistics robots with companies in domestic food ingredient distribution and secondary battery materials," and "Growth is expected through diversification into front-end industries."
He explained, "The application areas of AI facial recognition are expanding to airports, payment, and remote seat management solutions," and added, "In July, CUBox signed a contract worth 6.2 billion KRW with Secureence for supplying e-Gate systems for the second phase of the Incheon International Airport Smart Pass project." He further explained, "This system enables identity verification for all airport facilities?from check-in to departure inspection, duty-free shop use, and boarding procedures?using facial recognition alone without presenting a passport or boarding pass."
In March 2022, CUBox established a robotics research institute centered on KAIST (Korea Advanced Institute of Science and Technology) PhDs, expanding its AI video recognition technology into robot development. The first target market is logistics. Among rapidly increasing logistics center tasks such as same-day and dawn delivery, small packaging of diverse irregular-shaped items relies entirely on human hands, making this a field with high demand for robots that can automate these processes.
CUBox recently unveiled an AI robot that automatically picks purchased items from the logistics warehouse and packs them into boxes for the first time. The Order Picking System is equipped with video recognition AI. The robot automatically packs items to be shipped after purchase. This area is difficult to automate in logistics centers and heavily depends on human labor. Advanced robotic systems are needed to handle small packaging of irregular, diverse products, but CUBox explains that systems meeting these requirements are rare.
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