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Focus H&S "A world seen through AI beyond CCTV".
June 21, 2021.
[Reporter Hyojoong Kwon, E-Daily] “Human psychology, which wants to see and confirm with their own eyes, is the core of the video security market in the future. We will establish ourselves as a leading company in the market based on video security solutions that can be precisely controlled and controlled.”
In a recent interview with E-Daily, CEO Daejung Kim of FOCUS H&S explained about the video security market, which is becoming more advanced by applying technologies such as artificial intelligence (AI) as well as digital. Based on the capabilities accumulated from CCTV terminals, the company is determined to effectively respond to increasingly complex market demands. FOCUS H&S is pursuing an IPO on the KOSDAQ market in the second half of this year through a merger with Eugene SPAC No. 5 (331380).
From device to server control... Integrated video security solution
Founded in 2012, FOCUS H&S is a company with the ability to produce all products, including camera servers and video storage devices, necessary for video security. CCTV is a field that is growing rapidly as various artificial intelligence (AI) technologies such as object recognition and automatic control are combined with digital control systems beyond analog. In addition, it is in the spotlight due to the increasing non-face-to-face demand after Corona 19.
CEO Kim, who is also a PhD in the Department of Industrial Engineering, explained, “The characteristic of the field of ‘video’ is that anyone wants to see it directly through clear picture quality”, “as long as these characteristics exist, I thought that the video security market would inevitably grow in the future.” He said, “When CCTV was first introduced, it was just a camera to check the store. Now, as AI beyond digital is applied, we are getting closer to the high-tech area of efficiently processing large amounts of video data.”
As such, FOCUS H&S has grown rapidly in the video security market thanks to its focus on video technology. CEO Kim explained, “With the end of the analog era and the transition to digital, domestic CCTV companies barely survived, but FOCUS H&S started with its own CCTV terminals and focused on central server network equipment.” He also added, “As we have a ‘full lineup’ in the video security market, we have grown into a company that can provide comprehensive solutions.”
Currently, the company's representative products consist of △DVR (Digital Video Recorder) △NVR (Network Video Recorder) △IP Camera (Network Surveillance Camera). In addition, it is building a system that controls not only the devices but also them as a whole. In fact, FOCUS H&S is attracting attention as a platform company that provides not only products that provide an 'intelligent control server' that can integrate and manage all products, but also security services.
CEO Kim said, “Instead of simply applying AI to server software, if AI is applied starting with numerous CCTV terminals, a large amount of data can be processed efficiently.” In addition, he said, “It is scalable as much as it provides an integrated solution based on the capabilities accumulated from one CCTV.”
Expansion of areas such as smart parking… State-of-the-art video security
The new business that FOCUS H&S is currently focusing on is 'Smart Parking Solution'. Based on a deep learning camera, it provides a ‘smart solution’ such as automatically recognizing the license plate number of a vehicle when entering a parking lot, finding an empty seat, and finding the location of a parked vehicle. CEO Kim said, “The market is still in its infancy and there is no leading operator”, and “as we have the capabilities we have accumulated in the video field, we believe that it will be possible to expand the field in the processing of number recognition control solutions.”
The company's growth rate is also notable. Since 2014, the average sales growth rate of the company for the past five years has reached about 21% and has continued to grow steadily. Last year, it recorded sales of KRW 32.8 billion and operating profit of KRW 2.3 billion, respectively.
With the KOSDAQ listing as an opportunity, the company is preparing for a bigger leap forward. CEO Kim said, “the essence of our company is research and development (RD), and in order to focus on R&D, we will efficiently enter the KOSDAQ market by listing on SPAC, build global awareness, and focus on growth by recruiting manpower and technology.”
CEO Kim said, “Focus H&S is a company that has implemented not only servers but also 'smart devices' itself with technology accumulated from one CCTV, starting with less than ten engineers" and emphasized that “through this, we will provide a comprehensive solution and establish ourselves as a differentiated video security company.”
Meanwhile, the merger agreement between FOCUS H&S and Eugene SPAC 5 was signed on April 29th. Afterwards, the merger will be finalized in October through a shareholders' meeting in August, and the new merged stock will be listed on the KOSDAQ market.
