Benzinga | Apr 23, 2021 07:52AM EDT

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

* Computing solutions provider, Canaan Inc (NASDAQ: 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.