▶ Emotionwave achieved overseas sales of 5.6 billion KRW last year, an 84-fold increase compared to the previous year ▶ Expanded its business area to B2C by…
▶ Emotionwave, achieved overseas sales of 5.6 billion KRW last year, an 84-fold increase compared to the previous year
▶ At CES 2024, expanded its business area toB2Cby showcasing LLM-based AI services 'StageCloud' and 'AIMPLE 2.0'
Ministry of Science and ICT Minister's Commendation for Promoting the Immersive Content Industry in 2023
Emotionwave announced on the 11th that it received the Ministry of Science and ICT Minister's Commendation for recognizing its proprietary metaverse technology and overseas contract achievements.
Emotionwave possesses various metaverse-related technologies, including △LLM-based AI music creation △LLM-based AI human generation △metaverse live concert/broadcast production △media live streaming △blockchain technology, and provides customized metaverse solutions based on these, such as digital human IP-based metaverse content production and ultra-low latency transmission solutions, and blockchain-based digital IP and digital content management solutions.
Based on this metaverse technology, Emotionwave signed a $1.2 million contract with Phantom Resources in Singapore last year for providing live commerce solutions utilizing digital humans, and signed a $3 million contract with Beijing Yayanghua Sports Development Co., Ltd. to build an AI world taekwondo form competition platform. This resulted in the successful completion of a total of 7 overseas contracts, achieving overseas sales of 5.6 billion KRW, representing an 84-fold increase compared to the previous year, and executing successful global expansion.
Emotionwave On-site IR Photos at CES 2024
Furthermore, by participating in CES 2024 held in Las Vegas, USA on January 9th, the company expanded its business scope to B2C by showcasing version 2.0 of 'StageCloud,' an LLM-based AI music creation service, and 'AIMPLE,' an LLM-based AI human service, receiving calls from many companies.
Rio Jang, CEO of Emotionwave, said, "It seems that the efforts made to develop leading technology have paid off in keeping pace with the rapidly changing metaverse era," adding, "We will continue to do our best to promote global commercialization through advanced related technologies and customized solution development."