StradVision Announces New North American Headquarters in Michigan, Expands Business in U.S.

STERLING HEIGHTS,Mich.,Jan. 20,2022 -- StradVision,an AI-basedvision processing technology companyforAutonomous Vehicles and ADAS systems,announcedtoday that it has established a North American Headquarters in Michigan,allowing them to better develop new market opportunities in the United States.

Sunny Lee,StradVision COO and StradVision Technology USA CEO

In making the announcement,StradVision CEO Junhwan Kim announced COO Sunny Lee is relocating to Michigan from South Korea,to lead the U.S. office,and has been appointed CEO of StradVision Technology USA,established in 2018 as the company's hub for technology development. As the leader of operation and technology development in the U.S.,Lee is responsible for the expansion of business,and significant strengthening of the business and engineering team to provide close collaboration and technical support to local customers.

"We are very pleased to establish our new North American headquarters in Michigan,which is at the forefront of research and development in ADAS and Autonomous Vehicle business. This is a major step for StradVision as we continue to explore partnerships with U.S.-based partners," Kim said.

StradVision's new office,located at 4544 Vineyards Blvd.,Sterling Heights,will provide support and cooperation with North American-based OEMs,Tier-1 suppliers and semiconductor manufacturers.

StradVision also plans to unveil a demonstration vehicle,which will display examples of its newest technologies,for use in customer and media demos. StradVision,established in 2014 in South Korea,continues to accelerate the advancement of Autonomous Vehicles. SVNet,its AI-based object recognition software,is currently used in mass production models of ADAS and autonomous driving vehicles that support safety function Levels 2 to4,andwill be deployed in more than 50 vehicle models worldwide.

As part of the opening of the new headquarters,StradVision has hired Yearn Ha to be its new Sales Director. Ha has extensive industry experience as a business expert in the automotive industry —including leadership roles at Aptiv,Hyundai MOBIS,Applied Intuition,and SL America.

"The U.S. market is one of the most important markets for our future business. We have long been closely cooperating with many partners in the automotive parts and semiconductors industry based on our strong IP portfolio including over 160 U.S. patents. With the establishment of the North American Headquarters,we intend to further expand our contribution to the future of autonomous driving in the U.S.",said StradVision COO and StradVision Technology USA CEO Sunny Lee.

Since its first mass-production project in 2019,StradVision also has been selected as a perception software provider for future ADAS technology such as Augmented Reality Head-Up Display (AR-HUD),Automated Valet Parking and others,by leading auto manufacturers from Germany and China.

Compared to rivals in the vision processing space,StradVision's SVNet software achieves higher efficiency in memory usage and energy consumption and can be customized and optimized to any system on a chip (SoC),thanks to its patented and cutting-edge Deep Neural Network. It also works seamlessly with other sensors such as LiDAR and RADAR to achieve surround vision.

About StradVision Inc.

Founded in 2014,StradVisionis an automotive industry pioneer in AI-based vision processing technology for Advanced Driver Assistance Systems (ADAS). The company is accelerating the advent of fully autonomous vehicles by making ADAS features available at a fraction of the market cost compared with competitors. StradVision's SVNet is being deployed on various vehicle models in partnership with OEMs and powers ADAS & Autonomous Vehicles worldwide and is serviced by over 220 employeesin Seoul,San Jose,Detroit,Tokyo,Shanghai,and Munich. StradVision has been honored with the Gold Award at the 2021 AutoSens Awards for Best-in-Class Software for Perception Systems,and the 2020 Autonomous Vehicle Technology ACES Award in Autonomy (Software Category). In addition,StradVision's software is certified to the ISO 9001:2015 international standard.

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