BRUSSELS, Belgium, HANOVER, Germany and JERUSALEM, Sept. 21, 2016 (GLOBE NEWSWIRE) -- WABCO Holdings Inc. (NYSE: WBC ) ( www.wabco-auto.com ), a leading global supplier of technologies that improve the safety, efficiency and connectivity of commercial vehicles, and Mobileye N.V. (NYSE: MBLY ), a global leader in Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) technologies, today announced that they are joining forces to develop solutions for commercial vehicles that leverage advanced emergency braking ADAS functionalities and Mobileye’s REM technology that provides real-time data for precise localization and high-definition lane data.
The solutions will combine Mobileye’s leading vision system and mapping technology with the control and actuation technologies from WABCO’s industry-leading portfolio of electronic braking, stability and emergency braking systems in combination with capability for active steering control. The WABCO-Mobileye solution will benefit commercial vehicle manufacturers and operators through more advanced safety capability to help reduce the risk of accidents.
Furthermore, it is expected that, through this cooperation, REM data from this vision system in vehicles will be integrated with real-time data gathered from WABCO’s rich onboard source of digital information about the vehicle’s systems and its performance – all of which will be streamed for cloud-based computing and off-vehicle data analytics support.
“Our partnership with industry-leading Mobileye exemplifies our continued technology leadership in advanced driver assistance systems, and it supports WABCO’s pole position to create a ‘cocoon of safety’ around the commercial vehicle through 360-degree sensor detection,” said Jacques Esculier, WABCO Chairman and Chief Executive Officer. “Mobileye provides major innovation for passenger cars, allowing us to bring this level of intelligence to support commercial vehicles.”
“We are excited to expand WABCO’s strategy to offer differentiated safety, efficiency and digital connectivity solutions that mobilize vehicle intelligence for real-time status insights and critical systems control, assisting drivers with higher levels of driving automation,” said Esculier.
“Our cooperation with WABCO, a world leader in safety enabling technologies for commercial vehicles, adds value to our systems by providing full actuation of the brakes and by leveraging WABCO’s sophistication in advanced braking systems for commercial vehicles,” said Ziv Aviram, Mobileye Co-founder, President and CEO. “The inclusion of our innovative REM technology into the WABCO-Mobileye system further enhances its capabilities and creates a system with a high degree of safety for the benefit of commercial vehicle manufacturers and operators.”
WABCO at IAA Commercial Vehicles 2016 WABCO will showcase at IAA Commercial Vehicles 2016 industry-leading technologies and services that improve the safety, efficiency and connectivity of commercial vehicles worldwide. This includes the latest technologies in braking, advanced driver assistance, fleet management solutions and aerodynamics.
WABCO in Hall 16 at Booth B10 Hanover Exhibition Center; Hanover, Germany Press Days: September 21 and 22 Public Days: September 22 through 29
For all information about WABCO at IAA Commercial Vehicles 2016, click on WABCO’s home page .
WABCO’s Live Demonstrations at IAA Innovation Stage 2016 WABCO will demonstrate daily its latest aerodynamics technologies for commercial vehicles as well as its fleet management security solution at the outdoor exhibition area, north of Hall 26.
Mobileye at IAA Commercial Vehicles 2016 Mobileye plans to host test drives and showcase its aftermarket product portfolio for fleets at the IAA Commercial Vehicles. Mobileye's technology acts as a driver's third eye, constantly monitoring blind spots and the dynamic driving environment and providing drivers real-time visual and audible alerts as the risk of an imminent collision increases.
Mobileye in Hall 13 at Booth C21 Hanover Exhibition Center; Hanover, Germany Press Days: September 21 and 22 Public Days: September 22 through 29
Click here for more information: http://lp.mobileye.com/en/iaa2016
About WABCO WABCO (NYSE: WBC ) is a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles. Founded nearly 150 years ago, WABCO continues to pioneer breakthrough innovations for advanced driver assistance, braking, stability control, suspension, transmission automation and aerodynamics. Partnering with the transportation industry as it maps a route toward autonomous driving, WABCO also uniquely connects trucks, trailers, drivers, cargo, and fleet operators through telematics, as well as advanced fleet management and mobile solutions. WABCO reported sales of $2.6 billion in 2015. Headquartered in Brussels, Belgium, WABCO has 12,000 employees in 39 countries. WABCO’s 2015 Annual Report is available at www.ar.wabco-auto.com . For more information, visit www.wabco-auto.com .
About Mobileye Mobileye N.V. (NYSE: MBLY ) is the global leader in the development of computer vision and machine learning, data analysis, localization and mapping for Advanced Driver Assistance Systems and autonomous driving. The Company's technology keeps passengers safer on the roads, reduces the risks of traffic accidents, saves lives and has the potential to revolutionize the driving experience by enabling autonomous driving. The Company's proprietary software algorithms and EyeQ® chips perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. The Company's products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items; identify and read traffic signs, directional signs and traffic lights; create a Roadbook™ of localized drivable paths and visual landmarks using REM™; and provide mapping for autonomous driving. The Company's products are or will be integrated into car models from 25 global automakers. The Company's products are also available in the aftermarket.
WABCO media contact Tobias Mueller, +49 89 470 277 112, wabco@klenkhoursch.de
Mobileye media contact Casey Stickles, mobileye@diffusionpr.com
WABCO investors and analysts contact Christian Fife, +1 248 270 9290, christian.fife@wabco-auto.com
Mobileye investors and analysts contact Dan Galves, +1 917 960 1525, dan.galves@mobileye.com
WABCO Forward-Looking Statements This document contains certain “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995 that are based on management's good faith expectations and beliefs concerning future developments. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “strategies,” “prospects,” “intends,” “projects,” “estimates,” “plans,” “may increase,” “may fluctuate,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward looking in nature and not historical facts. Actual results may differ materially from these expectations as a result of many factors. These factors include, but are not limited to, the risks and uncertainties described in the “Risk Factors” section and the “Information Concerning Forward Looking Statements” section of WABCO’s Form 10-K, as well as in the “Management's Discussion and Analysis of Financial Condition and Results of Operations - Information Concerning Forward Looking Statements” section of WABCO’s Form 10-Q Quarterly Reports. WABCO does not undertake any obligation to update such forward-looking statements. All market and industry data are based on company estimates.
Mobileye Forward-Looking Statements This press release contains certain forward-looking statements. Words such as "believes," "intends," "expects," "projects," "anticipates," and "future" or similar expressions are intended to identify forward-looking statements. These statements are only predictions based on the companies’ current expectations and projections about future events. You should not place undue reliance on these statements. Many factors may cause the companies’ actual results to differ materially from any forward-looking statement, including the risk factors and other matters set forth in the companies’ filings with the U.S. Securities and Exchange Commission, including Mobileye’s Annual Report on Form 20-F for the year ended December 31, 2015. The companies undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by law.
