LET and NtechLabs Join Forces to Advance Technological Progression
Thailand, Bangkok, July 11, 2023. NtechLabs, a global leader in video analytics solutions powered by artificial intelligence, and Loxley Evolution Technology (LET), one of Thailand’s prominent security and IoT system integrators, have entered into a momentous Memorandum of Understanding (MOU) to facilitate the exchange of technology and unleash its myriad benefits for the Thai people. The MOU signing ceremony took place on July 11, 2023, at Loxley Public Company.
The objective of this strategic collaboration is to foster an environment of innovation, creating exciting possibilities and driving significant advancements in the field. By leveraging their respective expertise, NtechLabs and LET aim to propel the development and implementation of cutting-edge technological solutions that enhance safety, security, and efficiency across various industries.
NtechLab’s unrivaled proficiency in video analytics, particularly in face, body, and human action recognition, as well as vehicle detection, is set to complement LET’s position as a leader in integrating data, AI, and IoT systems. Together, they seek to revolutionize the landscape of technology in Thailand and address the evolving needs of businesses, government agencies, and society as a whole.
Speaking about the partnership, Mr. Nikolai Shiryaev, Head of Sales and Business Development in Southeast Asia at NtechLabs, expressed his enthusiasm, stating, “We are thrilled to collaborate with LET and bring forth innovative solutions that harness the power of artificial intelligence. This partnership marks a significant step towards shaping the future of technology in Thailand, and we are committed to making a positive impact on the lives of the Thai people.”
Mr. Yuthaporn Chitakasem, Chief Executive Officer of LET, shared his excitement, saying, “By joining forces with NtechLabs, we are strengthening our position as a leader in security and IoT systems integration. This collaboration allows us to harness advanced technologies and deliver cutting-edge solutions to our customers, contributing to their success and the overall growth of Thailand’s technology sector.”
The MOU signing ceremony witnessed the presence of distinguished guests, including Mr. Roman Pilshikov, the Representative of ROSTEC in Thailand and the Deputy Trade Representative of Russia in Thailand, and Mr. Vitaly Kiselev, President of the Thai-Russian Chamber of Commerce.
This landmark agreement sets the stage for a synergistic partnership between NtechLabs and LET, facilitating technology transfer, knowledge sharing, and joint research and development initiatives. By harnessing their collective strengths, these industry leaders are poised to revolutionize the technological landscape and bring about meaningful advancements that positively impact businesses, individuals, and the Thai society as a whole.