Breakthrough technology dedicated to the
development and integration of embedded Advanced Driver Assistance
Systems (ADAS)
- Access to the fast-growing Advanced
Driver Assistance System market driven by increased requirements in
terms of safety standards
- Further expansion of the offering
value of ESI Group’s solution in active safety
- Promising value-creation potential
related to CIVITEC innovative technology and synergies with ESI
Group’s offer
Alain de Rouvray, ESI Group’s Chairman and CEO states: “This new
expertise of assistance to human perception, coupled with the
excellent IFSTTAR partnership, provides opportunity to take into
account the interactions of a vehicle, or any other industrial
product, with its scalable immersive environment. Once integrated
into digital 3D modeling, it will enable dramatically accelerated
design and prototyping of embedded control and security systems and
thereby strengthen the value of our global solutions in virtual
prototyping. For ESI Group’s industrial partners, Advanced Driver
Assistance Systems (ADAS) present a major technological challenge
as efficiency must be built upon the quality of interaction between
digital modeling and human perception. The growing requirements in
terms of active safety make it important and urgent to integrate
ADAS systems in virtual prototyping, complementing the existing
constraints of passive safety during product development. Clearly
strategic for ESI Group, this operation amplifies our technological
and commercial synergies in many sectors, including automotive,
aerospace and more generally address the new societal challenges of
the mobility and safety industries”.
Founded in 2009, CIVITEC is a spin-off of IFSTTAR, the French
Institute of Science, Transport Technology and Network Development
which until recently was its main shareholder. CIVITEC has
capitalized on years of R&D by IFSTTAR and its know-how in
perception sensors simulation and algorithmic development. This
breakthrough technology is commercially available via its flagship
platform, Pro-siVICTM, owned by ESI Group following the acquisition
of an 80% stake in CIVITEC. This represents a unique opportunity
for ESI Group to commercialize CIVITEC technology, industrializing
their innovative development platform and building on ESI’s solid
track record of integrating new offerings in the solutions
delivered through its worldwide commercial network.
Pro-siVICTM enables industrial players to develop perception
assistance systems from the design phase to the final testing.
Implementation of such modules is highly complex, as it requires
the 3D modelling of ultra-realistic environment conditions,
digitally transcribed using sensors simulation and wrapped in an
optimized interface that improves operators’ perception. The
man-to-machine interface must provide an operator, such as a
vehicle driver, with the best information available to enable him
or her to make better decisions. Perception assistance systems are
critical to the deployment of active safety systems, today
considered as crucial for the automotive and aeronautic
industries.
Access to the fast-growing Advanced Driver Assistance System
market driven by increased requirements in terms of safety
standards
This operation will provide the Group with a new strategic
positioning on the fast-growing Advanced Driver Assistance System
(ADAS) market. The objective of Electronic and IT embedded systems
is to improve driver perception of the environment and thereby
create powerful leverage for effective active safety, defined as
the elements to avoid crashes. Active safety is increasingly
included in the Euro NCAP certification test for the whole
pre-crash phase so the demand from constructors will remain buoyant
and be driven by the continuous requirement for integration of
related technology and connectivity in cars. The cost of the
driving campaign to obtain active safety qualification could reach
between €10 million and 30 million per year, in the absence of
sensors and tools for virtual prototyping. This is due to the
various test coverage iterations imposed by the unlimited number of
possible environments. The Pro-siVICTM solution addresses this
issue by simulating a 3D environment as seen by the sensors, and
allows the creation of ADAS with substantially reduced development
costs. The ADAS market is expected to show a 20%1 average
annual growth over the 2015-2019 period. In 2014 the active safety
tests represented 20% of the global score, vs. 10% in 2010. This
trend will accelerate as automated systems have an increased
influence on safety until, as expected by 2025, vehicles can be
fully autonomous.
1 Source: “The future of active safety” by Arthur D. Little
Further expansion of the offering value of ESI Group’s
solution in active safety
The car of the future will require specific solutions able to
co-integrate the development of all safety aspects, from product
conception to virtual prototyping. By reaching a major milestone in
its technological development strategy offer, ESI Group, already a
recognized pioneer and world leader in passive safety digital
solutions and virtual modelling, will provide automotive groups
with a holistic solution embracing all safety issues.
This new offering value, including tools for ADAS modeling and
prototyping, should create efficient leverage to target new clients
and further expand current partnerships. It is perfectly in line
with the nature of ESI Group’s solution, originally developed to
achieve cost and time savings while spurring innovation.
Mr Devauchelle Guillaume, Valeo Vice President of innovation
comments: “We look forward to the industrialization stage proposed
by ESI on the technology developed by CIVITEC in collaboration with
IFSTTAR. This approach will allow us to amplify the integration of
this valuable technology in Valeo’s solution in terms of
innovation, especially in the context of our intuitive driving
program integrating the intensification of the active safety”.
Promising value-creation potential related to CIVITEC
innovative technology and synergies with ESI Group’s offer
This acquisition, which includes a small top team is already
operationally profitable and is expected to be accretive to ESI
Group in short term. Regarding ESI Group’s track record in terms of
integration and successful industrialization of technology, this
acquisition should accentuate value creation by enabling
implementation of a more comprehensive crash and safety test
offering that can be adopted by the Group’s current partners.
Moreover, this is a first step for ESI Group in adapting its offer
to the integration and modeling of embedded electronic systems; a
strategic move that can be rolled out to all industrial sectors
through its international sales network.
After finalization of the full operation, which is being
financed by the Group’s credit facilities, ESI Group will own 80%
of the company’s capital and CIVITEC will be incorporated within
the Group’s consolidated results from March 27, 2015.
As minority shareholder with strong interest in pursuing the
strategic partnership with CIVITEC, IFSTTAR will assure continuous
transfer from research work to industrial applications.
Philippe Pralus, Managing Director of Civitec comments: “We are
delighted to be joining ESI Group, the renowned leader in
industrial virtual prototyping. Its advanced collaboration with
most global innovative leaders is a unique opportunity to
accelerate the industry’s digital revolution by offering new
solutions able to co-integrate electronic systems and physical
product specificity on the same platform development from the
design to the prototyping stage. I am totally confident in ESI’s
capacity to capitalize on its worldwide commercial network to
roll-out our disruptive technology in the modelling of perception
assistance systems”.
For more ESI news, visit: www.esi-group.com
Next Events:
2014 annual results:April 16, 2015
About CIVITEC
CIVITEC has been founded in 2009 with the mission to support
Industries with Pro-SiVIC™, a platform for the modelling and
simulation of sensors and their environment. Our team is mix of
software developers, application engineers, and 3D designers.
CIVITEC helps client innovation and decision-making to: design and
develop sensing and embedded perception systems and the related
control/command aspect; Improve systems functional performance and
robustness.
Flagship software product Pro-SiVIC™ is a commercial
off-the-shelf (COTS) software platform which represents a
capitalized research and software development effort of several
dozens of man-years. For further information, visit
http://www.civitec.com/
About IFSTTAR
IFSTTAR is a major player in the European research on the city
and the territories, transportation and civil engineering.
The French Institute of Science and Technology for Transport,
Development and Networks, born on January 1st 2011, from the
merger of INRETS and LCPC, is a Public Institution of a
Scientific and Technical Nature, under the joint supervision
of the ministry of ecology, sustainable development and
energy and the www.enseignementsup-recherche.gouv For further
information, visit http://www.ifsttar.fr/en/
About ESI
ESI is a world-leading provider of Virtual Prototyping software
and services with a strong foundation in the physics of materials
and Virtual Manufacturing.
Founded over 40 years ago, ESI has developed a unique
proficiency in helping industrial manufacturers replace physical
prototypes by virtually replicating the fabrication, assembly and
testing of products in different environments. Virtual Prototyping
enables ESI’s clients to evaluate the performance of their product
and the consequences of its manufacturing history, under normal or
accidental conditions. By benefiting from this information early in
the process, enterprises know whether a product can be built, and
whether it will meet its performance and certification objectives,
before any physical prototype is built. To enable customer
innovation, ESI’s solutions integrate the latest technologies in
high performance computing and immersive Virtual Reality, allowing
companies to bring products to life before they even exist.
Today, ESI’s customer base spans nearly every industry sector.
The company employs about 1000 high-level specialists worldwide to
address the needs of customers in more than 40 countries.
ESI is listed in compartment C of NYSE Euronext Paris and is
granted “Entreprise Innovante” (Innovative Company) certification
since 2000 by Bpifrance. ESI is eligible for inclusion in FCPI
(venture capital trusts dedicated to innovation) and PEA PME.
2014 awards: winner of the 2014 ASMEP-ETI/Bpifrance award in the
Innovation and industrial strategy category and of the Grand Prix
des Entreprises de Croissance, in the Software and IT Services
category and winner of the “Ambitions d’Entrepreneurs” trophy in
the International category.
For further information, visit www.esi-group.com.
ESI Group - EuropeSylvie Delangle+33
1 53 65 14 14investors@esi-group.comorESI Group –
AmericaCorinne Romefort-Régnier+1 415 994
3570investors@esi-group.comorNewCapEmmanuel
HuynhLouis-Victor Delouvrier+33 1 44 71 98
53esi@newcap.fr
ITT Educational Services (CE) (USOTC:ESINQ)
Historical Stock Chart
From Feb 2024 to Mar 2024
ITT Educational Services (CE) (USOTC:ESINQ)
Historical Stock Chart
From Mar 2023 to Mar 2024