VIA optronics AG Signs Design and Development Contract with Immervision Inc. for VIA´s Next Generation Automotive Camera
08 February 2024 - 10:30PM
Business Wire
Exterior automotive cameras for E-Mirror or
surround view applications
VIA optronics AG (NYSE: VIAO) (“VIA” or the “Company”), a
leading supplier of interactive display systems and solutions,
today announced the signing of a contract for the design and
development of a new automotive camera with Immervision Inc.
(“Immervision”), a specialist in the design of advanced vision
systems.
VIA will work with Immervision to develop a specialized lens
technology to customize and produce exterior automotive cameras
which can be brought to market quickly while reducing non-recurring
engineering costs. The new technology for the next generation
cameras will enhance VIA´s camera portfolio and meet growing
customer demand for a variety of field of views (FOVs). The Company
expects these next generation cameras to be used most frequently
with e-mirror and surround view applications.
Roland Chochoiek, CEO of VIA, commented, “We are happy to win
Immervision as partner for this project and look forward to working
together. Our camera design and development team will leverage
Immervision’s expertise to accelerate innovation of our products
and broaden product offerings to our customers. This development is
an important step towards expanding our presence in the automotive
camera market.”
Michel van Maercke, CEO of Immervision remarked, “The
Immervision team is excited to work with VIA and assist in the
development of its next generation of cameras. We view our immense
expertise across wide-angle and other optical engineering fields to
be immediately applicable to VIA’s products."
About VIA:
VIA is a leading provider of interactive display solutions for
multiple end markets in which superior functionality or durability
is a critical differentiating factor. Its customizable technology
is well-suited for high-end markets with unique specifications and
demanding environments that pose technical and optical challenges
for displays, such as bright ambient light, vibration and shock,
extreme temperatures, and condensation. VIA’s interactive display
systems combine system design, interactive displays, software
functionality, cameras, and other hardware components. VIA’s
intellectual property portfolio, process know-how, optical bonding,
metal mesh touch sensor and camera module technologies provide
enhanced display solutions built to meet the specific needs of its
customers.
About Immervision:
With over 20 years of innovation, Immervision creates solutions
that see beyond human vision. Its Deep Seeing technology and
renowned experts in wide-angle vision systems, optical design and
image processing enable smart devices with superhuman eyes to
capture high quality visual and contextual data. The company
invents, customizes, and licenses wide-angle camera solutions and
imaging software technology for AI, machine vision and user
applications, from capture to display, in the mobile, automotive,
robotics, security, and other industrial and consumer product
industries. For more information: www.immervision.com.
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without limitation, “anticipate,” “believe,” “continue,” “could,”
“estimate,” “expect,” “intend,” “may,” “plan,” “potential,”
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similar expressions are intended to identify forward-looking
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these or similar identifying words. Forward-looking statements are
based largely on our current expectations and projections about
future events and financial trends that we believe may affect our
financial condition, results of operations, business strategy,
short-term and long-term business operations and objectives, and
financial needs. These forward-looking statements involve known and
unknown risks, uncertainties, changes in circumstances that are
difficult to predict and other important factors that may cause our
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statement, including,
without limitation, the risks described under Item 3. “Key
Information—D. Risk Factors,” in our Annual Report on Form 20-F as
filed with the US Securities and Exchange Commission. Moreover, new
risks emerge from time to time. It is not possible for our
management to predict all risks, nor can we assess the impact of
all factors on our business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements
we may make. In light of these risks, uncertainties and
assumptions, the forward-looking events and circumstances discussed
in this release may not occur and actual results could differ
materially and adversely from those anticipated or implied in the
forward-looking statements. We caution you therefore against
relying on these forward-looking statements, and we qualify all of
our forward-looking statements by these cautionary statements. Any
forward-looking statements contained in this press release are
based on the current expectations of VIA’s management team and
speak only as of the date hereof, and VIA specifically disclaims
any obligation to update any forward-looking statement, whether as
a result of new information, future events or otherwise. Due to
rounding, it is possible that individual figures in this and other
documents do not add up precisely to the totals shown and that
percentages presented do not accurately reflect the absolute values
to which they relate.
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Investor Relations Sam Gibbons or Griffin Morris Alpha IR
Group Phone: +1 312-445-2870 VIAO@alpha-ir.com
Media Alexandra Müller-Pl�tz Phone: +49 911 597 575-302
Amueller-ploetz@via-optronics.com
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