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CLPS Incorporation Announces Developing New Smart Cockpit Product to Drive Intelligent Transformation in the Automotive Industry
HONG KONG, May 26, 2023 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced that its majority-owned subsidiary, JAJI
About this update from Clps Incorporation
[{"type":"text","content":"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.\nRecently, 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.\nDrawing 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.\nTo 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.\nMr. Oscar Yua...