Mobileye to generate, share, and utilize vision data for crowdsourced mapping with Nissan

-- This agreement represents another important step towards enabling autonomous driving.

JERUSALEM, April 25, 2017 — (PRNewswire) —  Mobileye today announced that it has entered into an agreement with Nissan Motor Co., Ltd. to generate anonymized, crowd-sourced data to create next-generation precision maps utilizing Mobileye's Road Experience Management (REM™) data generation technology.  The maps will be used as a source of localization, foresight, and redundancy in order to enable safe, robust autonomous vehicles in the future.

The agreement is the next step after successful proof-of-concept work in 2016 that culminated in Mobileye's REM™ mapping technology being utilized in Nissan's recent autonomous vehicle demonstration in London.  And it extends an important technology relationship, the most recent example being ProPILOT, Nissan's system that utilizes significant Mobileye technology to enable single-lane highway driving with autonomous control of steering, acceleration, and braking functions. 

Finally, this agreement furthers an inclusive approach, as data from multiple automakers can be merged to create the most scalable, robust, geographically-diverse, and rapidly-updating RoadBook™ in a low-cost, efficient manner.  

"We welcome the opportunity to take this next step with our valued partner Nissan," stated Professor Amnon Shashua, Chairman and Chief Technology Officer of Mobileye. "I'm very pleased that innovative work by our engineering teams is resulting in the confidence of customers to adopt REM™.  We now have significant commitments from multiple global automakers to generate and share data from camera-equipped ADAS vehicles, and then utilize the resulting Global RoadBook as a critical input within autonomous vehicle systems."

If you have any queries, please contact:

Investors:
Dan Galves
+1-718-799-9125
Dan.galves@mobileye.com

Media:
Alexis Blais
+1-203-682-8270
mobileyepr@icrinc.com

About Mobileye
Mobileye N.V. is the global leader in the development of computer vision and machine learning, data analysis, localization and mapping for Advanced Driver Assistance Systems and autonomous driving.  Our technology keeps passengers safer on the roads, reduces the risks of traffic accidents, saves lives and has the potential to revolutionize the driving experience by enabling autonomous driving.  Our proprietary software algorithms and EyeQ® chips perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles.  Mobileye's products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items; identify and read traffic signs, directional signs and traffic lights; create a RoadBook™ of localized drivable paths and visual landmarks using REM™; and provide mapping for autonomous driving.  Our products are or will be integrated into car models from more than 25 global automakers.  Our products are also available in the aftermarket.

Forward-Looking Statements
This press release contains certain forward-looking statements. Words such as "believes," "intends," "expects," "projects," "anticipates," and "future" or similar expressions are intended to identify forward-looking statements. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements.  Many factors may cause our actual results to differ materially from any forward-looking statement, including the risk factors and other matters set forth in the public filings of each of the parties to this press release. Neither party undertakes any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by law.

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/mobileye-to-generate-share-and-utilize-vision-data-for-crowdsourced-mapping-with-nissan-300444460.html

SOURCE Mobileye N.V.

Contact:
Mobileye N.V.
Nissan Motor Co., Ltd.




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