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ESMLab to Receive Investment from KDDI

2017-08-21 08:00 3903

SEOUL, South Korea, Aug. 21, 2017 /PRNewswire/ -- ESMLab successfully attracted investment from KDDI, one of Japan's three largest mobile telecommunications companies.

ESMLab successfully attracted investment from KDDI, one of Japan’s three largest mobile telecommunications companies earlier this month.
ESMLab successfully attracted investment from KDDI, one of Japan’s three largest mobile telecommunications companies earlier this month.

The K-ICT Born2Global Centre, a major Korean government agency, announced that its member company ESMLab signed an investment agreement with KDDI earlier this month. The investment will be made through the KDDI Open Innovation Fund, a fund for venture companies operated by the Japanese corporation, Global Brain.

ESMLab has developed a special multi-view video production system for multi camera filming.

ESMLab's CEO, Hongsu Jung, said, "Our goal since the founding of ESMLab has been to go global. We believe that we succeeded in securing the investment from KDDI based on the content of the projects we are currently carrying out with several world-famous sports associations and baseball clubs, our role in the PyeongChang 2018 Olympic Winter Games, and the high potential for success in the Japanese market, including Tokyo 2020 Olympic Games."

A KDDI spokesperson said, "In response to the diverse uses of and growing demand for free viewpoint videos, we focus on securing content production technology as quickly as possible through 4D replay technology collaborations. We will also continue offering new experiences and values, such as 5G, which are aligned with next-generation networks and actively supporting ESMLab's expansion into the Japanese market and other markets around the world."

This collaboration with ESMLab is KDDI's first international collaboration. ESMLab provided its service for the first time in Japan on August 5 and 6 at Sapporo Dome for the broadcast of a professional baseball game between the Hokkaido Nippon-Ham Fighters and Orix Buffaloes.

The 4D replay technology developed by ESMLab makes it possible to create a video that seems to transcend space and time through the clever positioning and angling of dozens of cameras. The real-time 4D technology produces videos that are full of exciting tension. The technology has been applied to sports broadcasting first, and now it is receiving increasing attention for its use in filming television dramas.

With the aim of pioneering the global 4D replay market, ESMLab successfully conducted PoCs for U.S. Major League baseball clubs in June and is currently engaged in an annual contract for 2018. The company is also under negotiations with multiple sports leagues and broadcasting companies (e.g. NBA, UFC) to promote the use of 4D replay technology in popular American sports.

For more information visit http://www.esmlab.com/

Jina Lee
jlee@born2global.com

Photo - https://photos.prnasia.com/prnh/20170817/1922488-1

Source: K-ICT Born2Global Centre
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