(218A) Faber Company - New Analyst Report 8/6

Liberaware was established in August '16 by Mr. Min Hong-gyu, the current representative director. The mission is to “create a safe society for everyone,” and under the vision of “visualizing invisible risks,” they are providing solutions that combine drones developed in-house with software such as processing, processing, and management of images, images, etc. taken with drones.

Liberaware drones are small drones that can fly even in small spaces with facilities and equipment, and they handle everything in-house from design to manufacturing, and parts are also developed in collaboration with domestic manufacturers. Currently piloted by humans, we are developing drones capable of autonomous flight in indoor enclosed spaces (where there are many narrow, dark, and dangerous spaces) where GPS information cannot be obtained.

The main customers are companies and organizations with many inspection facilities and equipment in the steel industry, railway industry, construction industry, manufacturing industry, government offices, etc. Companies with many facilities and equipment are burdened with the number of days required for inspections, the number of personnel, the cost of building scaffolding, etc., but by utilizing Liberaware drones, it is possible to improve inspection efficiency.

Also, by converting images and images taken with drones into three-dimensional data, analysis in time series is possible, abnormalities such as deterioration of facilities and equipment can be detected, and accidents due to aging can be prevented.

Liberaware is a “drone business” that manufactures and sells drones and provides data contributing to survey/inspection and surveying of infrastructure plants using drones, etc.; a “digital twin business” that digitally constructs and provides information useful for detecting abnormalities such as images and three-dimensional data using image processing technology for data acquired by drones, etc.; and a “solution” that develops new solutions based on contract development, technical capabilities, and know-how We are developing 3 businesses: “development business”.

In the drone business, we are developing inspection solutions that provide drone images for the purpose of survey/inspection/surveying, etc., and product provision services such as drone sales and rental.

The digital twin business provides data processing/analysis services using the digital twin software service TRANCITY for DX realization for infrastructure operators provided by CalTA (Liberaware's investment ratio is 34.0%) established by 2 subsidiaries of East Japan Railway Company (9020 Tokyo Stock Exchange Prime), and licenses for the TRANCITY platform.