Mobileye and STMicroelectronics Deploy One-Millionth Driver Safety Device
Milestone underscores the two companies' world-leading position in automotive safety technology
Jerusalem, Israel, and Geneva, Switzerland - Mobileye, the world leader in Advanced Driver Assistance Systems (ADAS), and STMicroelectronics (NYSE: STM), a global semiconductor leader and a leading supplier of automotive electronics, announced today that their jointly developed vision-processor System-on-Chip, using Mobileye's EyeQ(TM) technology, is now deployed in more than one million vehicles around the world. With a growing list of manufacturers building the system into their vehicles, including BMW, GM, Volvo, Ford and many more, ST and Mobileye expect to continue to expand their presence in the automotive safety market.
"The deployment of our millionth device is a major milestone in Mobileye's development and growth, and speaks to the strength of our partnership with STMicroelectronics," said Ziv Aviram, CEO of Mobileye. "More significantly, it exemplifies the growing commitment of global automakers, lawmakers and consumers to making driver safety a top priority, a reality we can all be proud of."
Partnering in the development of driver safety technology since 2005, Mobileye and ST have delivered two generations of vision processors that use Mobileye's sophisticated collision avoidance technology and ST's automotive-grade manufacturing technology and expertise to 'interpret' a scene in real-time and provide drivers and their vehicles with an immediate evaluation. The third-generation EyeQ3(TM) is in development and will be introduced by car makers as early as 2014.
"Passing the 1 million-chip milestone is just one measure of the strength of our relationship with Mobileye," said Paul Grimme, Executive Vice President and General Manager, Sales and Marketing EMEA, STMicroelectronics. "We take great pride in continuing our important work with Mobileye and look forward to working together to establish new frontiers of driver-assist applications that deliver improved safety."
Benefiting from the combination of ST's industry-acclaimed strengths in the design and manufacture of automotive ICs (Integrated Circuits) with Mobileye's world-leading position in collision-avoidance systems based on advanced artificial vision technology, the EyeQ vision processors constantly monitor the driving scene in front of the vehicle and alert the driver before an impending accident with a car, pedestrian, bicyclist, motorcycle or if the driver is about to veer out of their lane without using a turn signal. The EyeQ is also capable of detecting speed limit signs as well as adding intelligent high-beam control of the vehicles' high and low beams during night driving. The EyeQ vision processors have featured lane-departure warning since 2007, traffic-sign recognition and intelligent high-beam control since 2008, pedestrian detection with radar fusion since 2010, and camera-only forward-collision warning since 2011.
Future-generation devices will include camera-only automatic electronic braking, as well as various features enabled by self-driving technologies.
About Mobileye
Mobileye is a world leader in the development of Advanced Driver Assistance Systems (ADAS). The company's unique vision-based platform, driven by its proprietary chipset and algorithms, works as a third eye to mitigate and reduce the risk of collision. Mobileye's comprehensive solutions are integrated into vehicles of a growing number of manufacturers including BMW, General Motors, Volvo, Ford and others. Mobileye's solutions are also available in the after-market through distribution channels. Headquartered in The Netherlands, Mobileye has offices in the United States, Israel, Cyprus and Japan. For more information, please visit www.mobileye.com.
About STMicroelectronics
ST is a global leader in the semiconductor market serving customers across the spectrum of sense and power technologies and multimedia convergence applications. From energy management and savings to trust and data security, from healthcare and wellness to smart consumer devices, in the home, car and office, at work and at play, ST is found everywhere microelectronics make a positive and innovative contribution to people's life. By getting more from technology to get more from life, ST stands for life augmented. In 2011, the Company's net revenues were $9.73 billion. Further information on ST can be found at www.st.com.
For more information, contact:
Matt Krieger
Finn Partners for Mobileye
Email: matthew@finnpartners.co.il
Tel: +972-544-676-950
