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Mobileye & Yazaki Corp. Sign a Distribution Agreement – Reducing Accidents & Promoting Safer Driving - Mobileye N.V. announced that they have signed an exclusive agreement with Yazaki Corp. for distribution of the Mobileye AWS-3000 Driver Assistance System in the commercial vehicle market in Japan
Mobileye & Yazaki Corp. Sign a Distribution Agreement – Reducing Accidents & Promoting Safer Driving

 

PRZOOM - /newswire/ - Amstelveen, Netherlands, 2008/02/26 - Mobileye N.V. announced that they have signed an exclusive agreement with Yazaki Corp. for distribution of the Mobileye AWS-3000 Driver Assistance System in the commercial vehicle market in Japan.

   
 
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Mobileye N.V. and Yazaki Corp. sign agreement for distribution in Japan of the AWS-3000, an Advance Warning System that will reduce accidents and promote safer driving.

Mobileye N.V. announced that they have signed an exclusive agreement with Yazaki Corp. for distribution of the Mobileye AWS-3000 Driver Assistance System in the commercial vehicle market in Japan.

The AWS-3000 is a special version of Mobileye’s AWS aftermarket product line that was adapted for use in Japan. The AWS-3000 can recognize preceding vehicles and traffic lanes by a monocular camera located on the vehicle’s windscreen, and it provides drivers with visual and audio alerts prior to rear-end collisions, when the vehicle is too close to the preceding one, and when the driver shifts lanes without use of a turn signal.

Mobileye AWS-3000 will be launched in Japan on August 1, 2007, through the dealers of Yazaki Corp. The system can be installed on all existing vehicles regardless of type of vehicle or manufacturer.

Mobileye’s vision technology is already available in several 2008 models as an original manufacturer option; in BMW’s new 5-series, in Cadillac STS and CTS models, and in the Buick Lucerne. Additional manufacturers are due to launch production models that include Mobileye’s technology in the coming months.
“The uniqueness of the Advance Warning System is that it is the first system of its type that can be installed as an aftermarket option on any vehicle and that includes forward collision warning and distance keeping alerts together with lane departure warning”, says Prof. Amnon Shashua., Chairman and Chief Scientist of Mobileye N.V., “the AWS covers the most common causes of severe road accidents, offering the most effective solution for accident prevention and mitigation”.

About Mobileye
Mobileye N.V. (mobileye.com) is headquartered in The Netherlands, with R&D in Israel and satellite offices in the U.S., Cyprus and Japan. Mobileye is a technological leader in the area of advanced image sensing and processing technology for automotive applications, with a product offering covering the entire range of vision applications. Mobileye’s unique monocular vision platform works as a “third eye” to help drivers improve safety and avoid accidents, and has the potential to revolutionize the way we drive. The processing includes functionalities such as vehicle detection, lane finding and pedestrian detection. The functionalities are embedded within the proprietary EyeQ vision-system-on-chip technology. The second generation, EyeQ-2, is already in an advanced stage of development.

 
 
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Mobileye & Yazaki Corp. Sign a Distribution Agreement – Reducing Accidents & Promoting Safer Driving

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Contact: Alma Book - Mobileye.com 
+972 2 541 7333 Alma.Book[.]Mobileye.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Mobileye N.V. securities in any jurisdiction including any other companies listed or named in this release.

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