STOCKHOLM, Oct. 1, 2020 /PRNewswire/ -- The
automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE
SDB), has partnered with Subaru to introduce the new generation
EyeSight on the all-new Subaru Levorg. Veoneer will begin
producing systems for the Japan
market starting later this year.
Veoneer was selected by Subaru due to its experience in stereo
vision systems and opto-mechanical design capabilities. This
business is included in Veoneer's previously announced backlog.
The new generation EyeSight hardware is a variant of
Veoneer's 4th generation stereo vision system,
re-engineered to meet Subaru's original specification.
Subaru first introduced EyeSight in the U.S. in 2012, which has
become a leading system in the automotive industry. The new
generation EyeSight has two cameras mounted on a wide-baseline
design allowing for better detection of pedestrians and vehicles in
intersections and on curved roadways. The system
doubles the field-of-view and substantially increases the
resolution over previous generations. The system also has
enhanced optical robustness and mechanical rigidity which improves
detection performance while retaining a compact design
package. Integrated in the system package is a Xilinx Zynq XA
processor hosting algorithms developed by Subaru.
"We are proud to have partnered with Subaru on the next
generation EyeSight system for the all-new Levorg," says
Jan Carlson, Veoneer Chairman,
President and CEO. "Veoneer is leading the industry in stereo
vision systems and is honored to custom design a version that is at
the heart of Subaru's ADAS solutions."
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, Inc. is a worldwide leader in
automotive technology. Our purpose is to create trust in mobility.
We design, manufacture and sell state-of-the-art software, hardware
and systems for occupant protection, advanced driving assistance
systems, and collaborative and automated driving to OEMs globally.
Headquartered in Stockholm,
Sweden, Veoneer has 7,100 employees in 13 countries. In
2019, sales amounted to $1.9 billion.
The Company is building on a heritage of close to 70 years of
automotive safety development. In 2018, Veoneer became an
independent, publicly traded company listed on the New York Stock
Exchange (NYSE: VNE) and on the Nasdaq Stockholm (SSE: VNE
SDB).
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
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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