Nota 's Intelligent Transportation System (ITS) received a "highest" rating from the Ministry of Land, Infrastructure and Transport. Following Nota's recent achievement of an "A, A" rating in a technology evaluation for special listing, Nota's differentiated AI optimization technology has been recognized, increasing the likelihood of an IPO in the first half of 2025.
In the Ministry of Land, Infrastructure and Transport's basic performance evaluation of smart intersection systems, Nota's system was evaluated for its ability to accurately detect traffic volume by direction, vehicle type classification, and queue volume at intersections using vehicle detection video equipment. In this evaluation, which awards the highest rating for accuracy of 95% or higher, Nota achieved the highest rating, achieving over 99% accuracy across all evaluation criteria.
Nota's intelligent transportation system utilizes AI technology optimized for CCTV to efficiently analyze traffic data and collect real-time data on traffic volume and congestion, improving traffic flow. Notably, it can collect accurate traffic data even under poor weather conditions, resulting in reduced traffic management costs. This has led to positive feedback, with smart intersection systems operating at approximately 200 intersections in major metropolitan cities across Korea, including Daejeon, Jeju, and Pyeongtaek.
Nota is also expanding its business in the global market. In 2020, it established corporations in Berlin, Germany, and Silicon Valley, USA, beginning its overseas expansion of AI optimization technology. It is collaborating with global companies such as Qualcomm, NVIDIA, and Sony. Recently, it signed an MOU with ATS, a transportation infrastructure company in the United Arab Emirates, and is currently working with the Dubai Transport Authority on a Proof of Concept (PoC) project.
Nota's CEO, Chae Myeong-su, stated, "We have demonstrated our unrivaled technological capabilities by achieving 99.9% accuracy in the Ministry of Land, Infrastructure and Transport's performance evaluation." He added, "We will expand our business in the public transportation infrastructure sector and broaden the scope of application of our intelligent transportation system solutions in domestic and international markets."
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