lululab announced on the 14th that it has signed a business agreement with M2WENTY, a life healthcare company.
With this agreement, the two companies plan to strengthen their technology exchange and cooperation networks, joint research and technology commercialization.
M2WENTY developed a Myo Mirror, a smart electrical muscle stimulation (EMS) exercise equipment. The device is a front mirror-type EMS exercise equipment that can set exercise intensity, correct posture correction, and analyze exercise results through a touch display. It has signed export contracts with foreign countries such as the United States, Belgium, the Netherlands, and Germany.
lululab is a company from Samsung Electronics' in-house venture C Lab and is introducing Lumini, an artificial intelligence skin analysis solution that scans and analyzes skin within 10 seconds. In the second half of this year, it is planning to release 'Lumini Home', a home skin analysis solution. Lumini Home is a total beauty solution product equipped with AI recommendation, control, and AR motion tracking in conjunction with home care beauty devices according to the user's skin analysis results through artificial intelligence deep-rudding technology.
We will connect consumers and the beauty industry based on lululab's final goal, lululab's skin data, said Choe Yong-joon, CEO of lululab. "We will use accumulated skin data to develop not only beauty solutions but also continue to strive for people's skin care, health and happiness."
[Venture Square - May 14, 2020 lululab - M2WENTY "AI Skin Partial Stone Solution Healthcare Business Cooperation"]