Advanced construction machines from Hyundai

Hyundai is now working on advanced construction machines.
Finance & Funding / May 29, 2020 1 minute 15 seconds Read
By MJ Woof
Hyundai CE has signed a Memorandum of Understanding (MOU) with KT regarding the joint development of 5G technology-based solutions for smart construction equipment and material handling (Kong Ki-young, president of Hyundai CE - left, Jeon Hong-beom, vice president of KT – right)

Hyundai Construction Equipment (HCE) plans to develop a new generation of construction machines and handling equipment. The firm is planning to progress its smart logistics solutions using Korea Telecom’s (KT) 5G communication network and artificial intelligence (AI) technology.

Hyundai CE hassigned a Memorandum of Understanding (MOU) with KT. The aim of the project is the joint development of the 5G technology-based solutions, for smart construction equipment and material handling.

This MOU will enable the two companies to combine their technologies, the autonomous vehicle technology of Hyundai Construction Equipment, and KT's ICT (information and communications) technologies, such as 5G communication and AI. The aim will be to supply advanced smart logistics solutions to the market.

The technological collaboration will improve the remote management and the level of control of the autonomous forklift. This will also benefit from a remote service system that is operated by an AI voice control solution, video, and augmented reality (AR).

Hyundai CE’s autonomous forklift technology is a state-of-the-art logistics solution that autonomously recognises the environment, and obstacles in the workplace, and is able to navigate through the best routes on its own, which greatly increases productivity, with enhanced navigational speed and efficient use of logistics within the workspace.

The risk of accidents in the workplace can be significantly reduced because the work is carried out along a planned path. The interest for this ‘no contact’ technology has significantly increased, largely due to the COVID-19 pandemic, where social-distancing is key in the workplace.

Kong Ki-young, president of Hyundai CE, said, "A large number of officials from the automobiles and electronics companies attended our recent demonstration of autonomous forklifts held at the Eumseong Global Logistics Center in Chungbuk, and their wishes for introducing the technology demonstrated, have been pouring in. In addition to autonomous forklifts, we will supply the entire logistics solution covering the control system, charging facilities, warehouse management system (WMS), and manufacturing execution system (MES) to lead the market."

Jeon Hong-beom, vice president of KT, also said, "This cooperation will be a springboard, to advance material handling using the new technologies, such as 5G and AI, and we expect this innovation in manufacturing and logistics fields to become a reality. KT will continue to push ahead with digital transformation of Korean industries by use of our ICT capabilities."

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