Canaan, Cathay Tri-Tech Partner To Introduce AI Facial Recognition Module In Japan

Computing solutions provider, Canaan Inc CAN, has partnered with Cathay Tri-Tech, Inc to introduce Canaan’s AI facial recognition module, which utilized its Kendryte K210 AI chip to the Japanese market.
Canaan’s international customer base now encompassed the U.S., Japan, South Korea, Germany, Israel, and other countries under the arrangement.
Cathay was involved in developing, designing, manufacturing, and producing embedded software and products for mobile communications terminals and Internet of Things (IoT) M2M (Machine-to-Machine) devices, including cloud servers.
Price action: CAN shares traded lower by 1.75% at $12.93 in the premarket session on the last check Friday.