UBIVELOX Improves Performance on Smart Card Growth... Expands Business into AI and Mobility

UBIVELOX (089850) is expanding its scale, driven by the increased supply of high value-added smart cards and the growth of its black box business. At the same time, the company is advancing its artificial intelligence (AI) and security·authentication technologies and broadening its reach into new mobility segments to secure mid-to-long-term growth engines.

On August 18, UBIVELOX announced that its consolidated sales for the first half of this year reached 325.9 billion won. For the same period, its standalone sales were recorded at 62 billion won.

In the smart card business, the expansion of supply of high value-added products, including metal cards, drove the increase in sales. Notably, the supply volume of high value-added cards this year has already surpassed the total annual supply of last year.

Kang Jungkyu, Head of Business Strategy at UBIVELOX, explained, "The supply of high value-added cards, including metal cards, has already exceeded last year’s total annual supply, with expanded smart card supply contributing to our overall growth."

Despite pressures from rising raw material prices, the adjustment of unit prices in the black box business and the expansion of sales volume supported improved performance. While the prices of key raw materials such as memory components have increased, the company is offsetting this impact by adjusting prices of its black box products and expanding supply.

UBIVELOX is also pushing to strengthen its technological competitiveness in the security and authentication sector. The company is developing post-quantum cryptography (PQC)-based security technology and plans to expand its business scope into new payment markets such as mobile and contactless payments.

In the black box business, UBIVELOX regards the tightening of regulations on Chinese-made products in the North American market as an opportunity. The company expects that demand for its own products, recognized for their technological capabilities, will increase.

In the mobility sector, UBIVELOX is also seeking new tech business opportunities. Working with its affiliates, the company conducts business based on black box and mapping platform technologies. In particular, it is advancing vision AI technologies such as video recognition and object detection by utilizing driving video data collected through the black box business.

The company has also commercialized an AI black box. Leveraging Ambarella AI chips used in autonomous driving platforms, it has applied object recognition algorithms and deep learning technologies to enable real-time processing and AI analysis of driving videos at the edge.

UBIVELOX is considering expanding such vision AI technology not only to automobiles but also to robots and other industries. Additionally, it is working to commercialize and monetize its intellectual property (IP) with global big tech companies, original equipment manufacturers (OEM) in the automotive sector, and mobility companies.

The company is also set to accelerate its digital twin business using its mapping platform. The strategy is to expand its business areas by integrating accumulated technologies and data from its existing mobility business into new fields, laying the foundation for mid-to-long-term growth.

Kang Jungkyu stated, "By developing post-quantum cryptography-based security technologies and strengthening our security and authentication capabilities, we plan to expand into new markets such as mobile and contactless payment. In the black box business, particularly as regulations on Chinese-made products are tightening in the North American market, we expect increased demand for our products recognized for their technological prowess."

The key point is that, on the back of growing smart card and black box businesses, UBIVELOX is expanding into new technology sectors such as security·authentication, vision AI, and digital twin, thereby securing new growth engines.

This content was produced with the assistance of AI translation services.