Autoliv and Neonode to showcase the future of Steering Wheel technology
December 18 2014 - 2:40AM
Business Wire
Regulatory News:
Autoliv, Inc. (STO:ALIVSDB)(NYSE:ALV), the worldwide leader in
automotive safety with extensive industry experience in both active
and passive safety systems, including steering wheels, and Neonode
Inc. (NASDAQ: NEON), the optical touch technology company, today
announced that they will jointly showcase the next generation of
automotive human machine interface at the Consumer Electronics Show
(CES) in Las Vegas.
The joint development done to date has focused on accelerating
the development of the next generation of driver interface concepts
focusing on the safe and intuitive interaction between the driver
and the control of the automobile. The new technology provides a
light-based “touchless touch” sensing with visual guidance
eliminating the need for the driver to move the hands off the wheel
while interacting with the car. It will also replace mechanical
switches and allows the car to know where the driver’s hands are
placed on the wheel.
“We are pleased to collaborate with Neonode to integrate its
light-based zForce AIR MultiSensing technology into the steering
wheel,” commented Johan Lofvenholm, Group Vice President Product
and Process Development at Autoliv. “This will create new
possibilities as we enhance our capabilities towards automated
driving,” added Lofvenholm.
“Neonode’s strength in innovative user interfaces, based on its
proprietary optical technology, creates a joint opportunity to lead
the industry towards a more powerful and innovative way to interact
with automobile systems. We are delighted to work with Autoliv.
Together we can create a safer and more enjoyable interaction in
the driving environment,” says Thomas Eriksson, CEO at Neonode.
Autoliv and Neonode will introduce the first joint concept
“zForce DRIVE - Active Sensor Steering Wheel,” which is based on
Neonode zForce AIR technology, at CES 2015, January 6 - 9 in Las
Vegas.
About Autoliv
Autoliv, Inc., the worldwide leader in automotive safety
systems, develops and manufactures automotive safety systems for
all major automotive manufacturers in the world. Together with its
joint ventures, Autoliv has around 80 facilities with close to
60,000 employees in 29 countries. In addition, the Company has ten
technical centers in nine countries around the world, with 21 test
tracks, more than any other automotive safety supplier. Sales in
2013 amounted to US $8.8 billion. The Company's shares are listed
on the New York Stock Exchange (NYSE: ALV) and its Swedish
Depository Receipts on the OMX Nordic Exchange in Stockholm (ALIV
sdb). For more information about Autoliv, please visit our company
website at www.autoliv.com.
Safe Harbor Statement
This report contains statements that are not historical facts
but rather forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include those that address activities,
events or developments that Autoliv, Inc. or its management
believes or anticipates may occur in the future. All
forward-looking statements are based upon our current expectations,
various assumptions and data available from third parties. Our
expectations and assumptions are expressed in good faith and we
believe there is a reasonable basis for them. However, there can be
no assurance that such forward-looking statements will materialize
or prove to be correct as forward-looking statements are inherently
subject to known and unknown risks, uncertainties and other factors
which may cause actual future results, performance or achievements
to differ materially from the future results, performance or
achievements expressed in or implied by such forward-looking
statements. Numerous risks, uncertainties and other factors may
cause actual results to differ materially from those set out in the
forward-looking statements. The Company undertakes no obligation to
update publicly or revise any forward-looking statements in light
of new information or future events. For any forward-looking
statements contained in this or any other document, we claim the
protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995,
and we assume no obligation to update any such statement.
About Neonode
Neonode Inc. (NASDAQ:NEON) develops and licenses the next
generation of Multisensing touch technologies, allowing companies
to differentiate themselves by making high performing touch and
proximity solutions at a competitive cost. Neonode is at the
forefront of providing unparalleled user experiences that offer
significant advantages for OEM’s. This includes state-of-the-art
touch and proximity technology features such as low latency pen or
brush sensing, remarkably high speed scanning, proximity-,
pressure-, and depth sensing capabilities and object-size
measuring.
Neonode’s patented Multisensing technology is developed to
support IOT (Internet of Things) applications for a wide range of
devices such as mobile phones, tablets and e-readers, toys and
gaming consoles, printers, white goods, wearable goods and advanced
automotive infotainment systems. Neonode, the Neonode logo,
Multisensing, and zForce are trademarks of Neonode Inc. registered
in the United States and other countries. Liquid Sensing, It Makes
Sense and AlwaysON are trademarks of Neonode Inc. For more
information please visit www.neonode.com
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These include, but are not limited to, statements relating to
expectations, future performance or future events, and product
cost, performance, and functionality matters. These statements are
based on current assumptions, expectations and information
available to Neonode management and involve a number of known and
unknown risks, uncertainties and other factors that may cause
Neonode’s actual results, levels of activity, performance or
achievements to be materially different from any expressed or
implied by these forward-looking statements.
These risks, uncertainties, and factors are discussed under
“Risk Factors” and elsewhere in Neonode’s public filings with the
U.S. Securities and Exchange Commission from time to time,
including Neonode’s annual report on Form 10-K, quarterly reports
on Form 10-Q, and current reports on Form 8-K. You are advised to
carefully consider these various risks, uncertainties and other
factors. Although Neonode management believes that the
forward-looking statements contained in this press release are
reasonable, it can give no assurance that its expectations will be
fulfilled. Forward-looking statements are made as of today’s date,
and Neonode undertakes no duty to update or revise them.
Neonode only releases news of new customer agreements and design
wins that are considered to be potentially material. Although every
reasonable effort is made to present current and accurate
information, Neonode makes no guarantees of any kind. Even if the
customer or partner always has the intention to actually launch a
commercial product or product line in high volume, there is no
guarantee that this will be the case. Besides the touch solution, a
commercial product involves many other components and systems that
affect the customer’s development process.
This information was brought to you by Cision
http://news.cision.com
AutolivThomas J�nssonVice President Corporate CommunicationsTel
+46 (8) 58 72 06 27orNeonodeGunnar Fr�jdhVice President of Global
Sales AutomotiveTel +46-70 727 55
55gunnar.frojdh@neonode.com
Autoliv (NYSE:ALV)
Historical Stock Chart
From Aug 2024 to Sep 2024
Autoliv (NYSE:ALV)
Historical Stock Chart
From Sep 2023 to Sep 2024