ESMLab to Receive Investment from KDDI

PR69700

SEOUL, South Korea, Aug. 21, 2017/PRNewswire=KYODO JBN/--

ESMLab successfully attracted investment from KDDI, one of Japan's three

largest mobile telecommunications companies.

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