Autoliv Founder Awarded Prestigious Innovation Prize
November 16 2016 - 4:26AM
Business Wire
Lennart Lindblad, founder of Autoliv, Inc. (NYSE:ALV)
(STO:ALIVSDB), was awarded the 2016 Polhem Prize, Sweden’s most
prestigious innovation award for cutting-edge innovations.
Lennart Lindblad invented significant improvements to the seat
belt, a groundbreaking innovation that pioneered the market in the
1950’s. In 1953, Lennart started Autoservice AB. Later, the company
changed name to Autoliv, and turned into an international company
with more than 68,000 employees.
“We are very proud to learn that our founder has been awarded
Sweden’s most prestigious innovation prize. Lennart’s initial
vision of saving more lives is still present in everything we do at
Autoliv. Every year, our products save more than 30,000 lives and
prevent ten times as many severe injuries. The next step is to
further reduce road traffic accidents with active safety systems to
assist the driver to avoid an accident or reduce the speed of
impact, thereby substantially mitigating the severity of injuries,”
says Jan Carlson, Chairman, President and CEO of Autoliv.
Lennart Lindblad, aged 86, is still developing safety solutions.
Currently, he is developing an automatic tightening solution for
truck straps.
About The Polhem Prize
The Polhem Prize (Polhemspriset) is a highly prestigious Swedish
prize awarded by Swedish Association of Graduate
Engineers (Sveriges Ingenj�rer) for a high-level technological
innovation or an ingenious solution to a technical problem.
About Autoliv
Autoliv, Inc. is the worldwide leader in automotive safety
systems, and through its subsidiaries develops and manufactures
automotive safety systems for all major automotive manufacturers in
the world. Together with its joint ventures, Autoliv has more than
80 facilities with around 66,000 employees in 27 countries. In
addition, Autoliv has 22 technical centers in nine countries around
the world, with 20 test tracks, more than any other automotive
safety supplier. Sales in 2015 amounted to about US $9.2 billion.
Autoliv’s shares are listed on the New York Stock Exchange (NYSE:
ALV) and its Swedish Depository Receipts on Nasdaq Stockholm (ALIV
sdb). For more information about Autoliv, please visit our company
website at www.autoliv.com.
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AutolivCathrine Stjärnekull, Director External CommunicationsTel
+46 (0)8 58 72 06 81
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