STOCKHOLM, Sept. 10, 2019 /PRNewswire/ -- Veoneer, Inc.
(NYSE: VNE and SSE: VNE SDB), the world's largest pure-play company
focused on Advanced Driving Assistance Systems and Automated
Driving, and its software joint venture Zenuity, have been
nominated by a global automaker to supply its next generation Mono
Vision System for vehicles in Europe.
Veoneer's mono vision camera system is designed to meet or
exceed the market standards set by European NCAP for 5-star safety
ratings. Veoneer's system is best in class for object detection,
lane detection with road boundary, free space detection, traffic
light detection, and support object enhanced map. Veoneer's system
uses deep learning technologies to enhance detection algorithm
performance.
Included in this nomination is Zenuity's software, which will
fuse data from the mono vision camera system and the vehicle's
radar sensor to activate features like emergency braking, adaptive
cruise control, traffic jam assist, and other world-leading driver
support functions.
Starting in 2021, Veoneer will begin delivering mono vision
camera systems to this customer.
"We are truly honored to be nominated by yet another
global automaker to develop and build mono vision camera systems,"
says Jan Carlson, Veoneer Chairman,
President and CEO. "This marks our seventh vision customer and is
an important proof-point of how our world class solutions support
collaborative driving and create trust in mobility."
For more information please contact:
Thomas
Jönsson
EVP Communications & IR
tel +46(0)8-527-762-27
Ray Pekar
Investor Relations
tel +1(248)-794-4537
Veoneer designs and manufactures products and
solutions for active safety, autonomous driving, occupant
protection and brake control. Our purpose is to create trust in
mobility. Founded in 2018, Veoneer builds on a heritage of close to
70 years of automotive safety development. Headquartered in
Stockholm, Sweden, Veoneer has
9,200 employees in 13 countries. In 2018, sales amounted to
$2.2 billion. Veoneer is listed on
the New York Stock Exchange and on the Nasdaq
Stockholm.
Safe Harbor Statement: This release 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 Veoneer, 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/or 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, including general
economic conditions and fluctuations in the global automotive
market. 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 publicly or revise any forward-looking statements in light
of new information or future events, except as required by
law.
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SOURCE Veoneer