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Pangyo Techno Valley20 Oct 2023 5:56

Indoor Parking Navigation System ‘Vestella Lab’ to participate in ‘GITEX 2023’ in Dubai

by Chan-yeol Lee
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The company Vestella Lab, led by Jung Sang-Soo, developed an indoor parking navigation system and participated in ‘GITEX 2023’, the largest IT exhibition in the Middle East, from October 15th to 18th (local time).

Through this participation, Vestella Lab aims to solidify its position in the Middle Eastern market by showcasing innovative parking solutions for overseas smart cities.

At GITEX 2023, Vestella Lab introduced a smart parking navigation system centered around artificial intelligence. This smart parking navigation system utilizes AIoT technology, CCTV video analysis, and various offline data to process and provide real-time information on available parking spaces to drivers and autonomous vehicles online.

The parking navigation system recommends the shortest route to the optimal parking location, contributing to solving traffic issues and improving urban inefficiencies. Drivers can reduce parking time and fuel consumption and enjoy uninterrupted movement experiences even after entering underground parking lots, thereby enjoying a comfortable smart city environment that enables them to reach their final parking destination seamlessly.

Meanwhile, Vestella Lab aims to support sustainable growth in various fields, such as the environment, society, and the economy, by providing customized premium smart city solutions in the Middle Eastern market. Additionally, after signing an MOU with Saudi Arabia, they are accelerating their global market expansion by implementing smart parking systems in various sectors, such as local hotels, large hospitals, and parking facilities.

For inquiries and connections with Korean tech companies mentioned in this article, contact us at [email protected]. We’re here to facilitate valuable partnerships.

Also Read,

  • Pilot Operation of “PanTA-G Bus,” Self-driving Public Transportation, in Gyeonggi-do: Pangyo Techno Valley is Becoming an R&D Hub for Self-driving Technology
  • Pangyo Techno Valley: Pioneering Global Urban Air Mobility Solutions
  • Gyeonggi-do Aims to Create 20 Business Clusters and Support 3,000 Startup Companies
  • AIMMO Raises 14.4 Billion Won in Pre-IPO Investment, Bolstering Its Global AI Data Solutions Presence

Tags: GITEX 2023indoor parkingMiddle Eastern markeStartup

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