ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

DENSO Receives IEEE Corporate Innovation Award for Developing and Spreading Use of QR Code



KARIYA, JAPAN, Dec 2, 2022 - (JCN Newswire) - DENSO Corporation today announced it has received the IEEE Corporate Innovation Award from IEEE,(1) the largest international association for electrical and electronic engineering in the world, for developing the QR Code(2) and spreading its use globally.



The IEEE Corporate Innovation Award, one of the most prestigious technical awards in the world, is presented to organizations that have made a significant global impact with innovative technologies and products and contributed to the development of electrical and electronic engineering. Established by IEEE in 1985, the award has been presented to leading companies and organizations worldwide. DENSO has become the sixth Japanese company to receive this recognition.

The QR Code was developed in 1994 by DENSO's applied equipment engineering section (currently DENSO WAVE) as an easy-to-read code that can store a large amount of information. The innovative two-dimensional code can store about 200 times more information than barcodes and can be read at high speed. DENSO started to use the code mainly for inventory management at its manufacturing plants, and later made the patent available free of charge, enabling it to spread globally. In the early 2000s, the QR Code became familiar to the general public in line with the growing use of mobile phones equipped with cameras. Today, it is widely used in many daily life applications, including electronic tickets and cashless payments. In 2020, the QR Code was recognized as an IEEE Milestone(3) for its outstanding contribution.

Even 28 years after it was invented, the QR Code continues to evolve with the addition of new functions. DENSO WAVE developed SQRC,(4) which can carry two types of data (public and private) in a single code, Face Authentication SQRC, which can turn facial feature points into a QR Code, and Frame QR,(5) which offers design flexibility. The QR Code is contributing to personal identification, prevention of counterfeiting and information falsification, and generation of electronic tickets.

DENSO remains committed to developing innovative technologies that contribute to society and industry.

(1) The Institute of Electrical and Electronics Engineers, Inc.
Headquartered in the United States, it is the world's largest engineering academy with more than 400,000 members in more than 160 countries.
(2), (4), and (5) QR Code, SQRC, and Frame QR are registered trademarks of DENSO WAVE Incorporated.
(3) An IEEE Milestone commends a historic achievement which has greatly assisted the development of society and industry in electrical and electronic engineering.

For more information, visit www.denso.com/global/en/news/newsroom/2022/20221202-g01/.

Source: Denso

Copyright 2022 JCN Newswire . All rights reserved.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.