#Japan #Tokyo #LegalTechVDR #AIKōmei #PrecisionTech

Revolutionizing Precision Device Manufacturing with AI

Legal Tech Co., a Tokyo-based company, has recently unveiled a new feature integrating its proprietary generative AI, AI Kōmei, into its Virtual Data Room (VDR) service, specifically optimized for the precision device manufacturing sector. This innovative solution is set to transform how these manufacturers handle crucial tasks such as procurement, quality assurance, intellectual property management, and regulatory compliance.

In the highly intricate world of precision device production, companies face a myriad of challenges. These include managing global supply chains, ensuring quality across multiple sites, and adhering to various product regulations in the U.S., Europe, and Asia. The development and management of complex agreements and the oversight of extensive patent and design documentation further complicate everyday operations. Legal Tech VDR is engineered to simplify these challenges, enhancing overall productivity and safety through its AI-driven capabilities.

Key Applications of Legal Tech VDR with AI Kōmei

The integration of AI Kōmei into Legal Tech VDR boasts several impactful applications, particularly in refining the operational efficiency of precision device manufacturers. Here are a few examples:

Supplier Contract Management

AI-powered review of global procurement contracts allows for the timely extraction of procurement risk clauses and quality assurance terms. By minimizing contract flaws and enhancing negotiation and audit efficiency, manufacturers can more confidently navigate supplier relationships.

Compliance with Product Regulations

Manufacturers must comply with a range of global regulations such as RoHS and REACH. The AI capabilities of Legal Tech VDR can extract specific requirements from complex regulations, helping to ensure compliance while reducing time-to-market for products.

Joint Development and Technical Partnerships

For collaborative projects, AI Kōmei enables comprehensive contract risk assessment by analyzing variations in joint development agreements, confidentiality contracts, and licensing terms, effectively minimizing risks associated with intellectual property and results attribution.

Quality and Traceability Management

With features allowing for the summarization and tagging of inspection records and defect reports specific to each factory, this VDR solution aids in the prompt identification of quality anomalies and the establishment of improved preventive measures against reoccurrences.

Management of Intellectual Property and Design Documentation

Legal Tech VDR facilitates cross-searching and candidate extraction for new patent applications by integrating with Tokkyo.Ai for design drawings, specifications, and patent portfolios. This capability ensures effective utilization of technological assets and prevents application discrepancies.

Main Functionality Overview

Legal Tech VDR offers a secure platform featuring:

• - Access control, audit logs, full-text searching, tag classification, encrypted communication, and multi-factor authentication.
• - AI Kōmei functionalities include classification, summarization, and risk detection of contracts, standards, and inspection reports; multi-site, multilingual document searching and translation; and trend analysis of historical defect data and quality reports.

This new AI-driven VDR is designed to further evolve, with plans to integrate API connections with BOM (Bill of Materials) and PLM (Product Lifecycle Management) systems, monitor regulatory compliance across the supply chain, enable automatic detection of legal amendments through AI, generate documents for submissions to authorities automatically, and enhance technical knowledge databases. The aim is to support digital transformation across both operational and management levels.

About Legal Tech Co.

Founded in March 2021, Legal Tech Co. is at the forefront of leveraging advanced AI technology within the fields of intellectual property and legal tech. Located in the Toranomon area of Tokyo, the company develops diverse services such as a private AI patent management system called MyTokkyo.Ai, a knowledge portal named Tokkyo.Ai, and an IP marketplace to support corporate intellectual property strategies. The company also provides Legal Tech VDR for secure information management and sharing, as well as services like keiyaku.ai for contract management and LegalSearch for searching legal case precedents and lawsuits, comprehensively supporting the management and utilization of intellectual property.