STOCKHOLM, Sept. 17, 2019 /PRNewswire/ -- Veoneer, Inc.
(NYSE: VNE and SSE: VNE SDB), the world's largest pure-play company
focused on Advanced Driver Assistance Systems, Collaborative and
Automated Driving, has been awarded a production contract to
manufacture the world's first thermal camera for a Level 4
autonomous vehicle. Veoneer's engineering will be funded by a
world-leading automaker to handle conditions of low visibility
including darkness, smoke, sun and headlight glare.
This first of its kind Level 4 autonomous driving system will
employ multiple high-resolution thermal cameras to enhance safety
for the mobility-as-a-service market. The system uses narrow and
wide field-of-view thermal cameras to enhance the detection of
pedestrians, animals, vehicles, motorcycles, bicyclists, and
objects to complement the capabilities of other sensor
technologies. The start of production is planned for
2021.
This latest thermal sensing system is built upon Veoneer's 4th
generation night vision system which uses a high-resolution thermal
camera plus advanced analytics to detect pedestrians and animals on
the road at night, warning drivers of potential dangers in total
darkness and other low visibility conditions. Thermal cameras can
sense very small temperature differences to differentiate objects
from their surroundings at extended ranges under all lighting
conditions.
Veoneer is the market leader for night vision systems for
automotive applications, available globally on more than 40 vehicle
models. Veoneer's 4th generation night vision system will launch in
2020.
"Thermal cameras are critical for enhancing the safety of
autonomous vehicles because of their unique sensing capabilities,"
says Jan Carlson, Chairman,
President and CEO, Veoneer, Inc. "This award is an industry
breakthrough for Veoneer and the future of self-driving cars. We
are honored to have been selected by this premier global automaker
to contribute to the evolution of highly automated driving
systems."
For more information please contact:
Thomas Jönsson, EVP Communications & IR, Tel +46 (0) 8
527 762 27
Ray Pekar, VP Investor Relations,
Tel +1 (248) 794-4537
Veoneer designs, develops and manufactures
products and safety electronics hardware, software and system
solutions for active safety, autonomous driving, occupant
protection and brake control. Our purpose is to create trust in
mobility. Veoneer is a new technology company that is building on a
heritage of close to 70 years of automotive safety development.
Veoneer has 9,200 employees in 13 countries with sales in 2018 of
$2.2 billion. Headquartered in
Stockholm, Sweden, 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.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/veoneer/r/veoneer-receives-thermal-cameras-award-for-autonomous-vehicles,c2905319
The following files are available for download:
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NightVision 2019
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