STOCKHOLM, Nov. 19, 2019 /PRNewswire/ -- Veoneer,
Inc. (NYSE: VNE and SSE: VNE SDB), the world's largest pure-play
company focused on Advanced Driver Assistance Systems (ADAS) and
Automated Driving (AD), has joined the Autonomous Vehicle Computing
Consortium (AVCC) to speed autonomous driving vehicle
development.
Veoneer joins leading OEMs, Tier 1 suppliers and semiconductor
companies, such as Arm, Bosch, Continental, DENSO, GM, NVIDIA, NXP,
Renesas and Toyota, in their collaborative effort to accelerate the
delivery of safe and affordable autonomous vehicles at
scale.
This is in line with Veoneer's strategic objective to be an
industry leader towards collaborative and autonomous driving using
a Human Centric Approach. The Company will leverage its technical
expertise to deliver high quality solutions meeting customer
expectations, with high performance, robustness, precision and
scalability. A standardized compute platform capable of covering
unsupervised autonomous driving, while being able to scale down to
supervised solutions allowing software portability, will be key for
addressing the future market needs in a sustainable way.
The primary purpose of the AVCC is to develop a conceptual
compute platform architecture, its hardware requirements and
software APIs to build an autonomous vehicle ecosystem guided by
the objectives of portability, interoperability, scalability and a
balance between performance and cost. The conceptual
architecture will address a transition from today's prototype
systems to deployment at scale.
The path to delivering autonomous vehicles is long, with several
technological complexities and obstacles that need to be overcome
before the deployment of autonomous vehicles.
"Being a participant in the AVCC fits our strategy to support
OEMs with cost-efficient solutions and systems. A conceptual,
scalable compute platform will play a critical role in the
advancement of autonomous vehicles. We are glad to join AVCC's
strong body of expertise and knowledge to help solve the
technological challenges we see today," said Nishant Batra, CTO at Veoneer.
"The AVCC is excited to welcome Veoneer in the Consortium as a
Core Member. We value Veoneer expertise in the autonomous vehicle
space and the Consortium is looking forward for their technical
contributions to the working groups and to overall AVCC
activities," said Massimo Osella
(General Motors), Chairman of AVCC.
Read more about AVCC: https://www.avcconsortium.org/
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
9,100 employees in 13 countries. In 2018, sales amounted to
$2.2 billion. Veoneer is listed on
the New York Stock Exchange and on 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
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and other factors which may cause actual future results,
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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
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SOURCE Veoneer