STOCKHOLM, Sept. 10, 2020 /PRNewswire/ -- The
automotive technology company Veoneer, Inc. (NYSE: VNE) (SSE: VNE
SDB), will equip a world-class premium automaker with the most
advanced stereo vision camera system, perception
software and 77 GHz front and rear radar system available in the
market. These systems supply data to the vehicle's driver
assistance package which enable the most advanced active safety
features.
Veoneer's 4th generation stereo vision camera system is
comprised of fully integrated hardware, perception software, and
new features to master the challenges of highly automated driving.
The camera, mounted behind the rear-view mirror, monitors the
forward path of the vehicle to provide reliable and accurate
information to the vehicle control system. The system processes and
classifies 3D objects (vehicles, motorbikes, pedestrians, lanes,
landmarks, signals, posts, etc.) under a variety of weather
conditions. Veoneer's 4th generation stereo vision
camera system uses Convolutional Neural Network technology for free
space and small obstacle detection to maneuver safely through
construction areas and within road boundaries.
Veoneer's latest generation of advanced 77GHz radars provide
more reliable and accurate situational awareness of vulnerable road
users, pedestrians and bicyclists as input to the vehicle safety
system. The radar design uses super-pulse modulation techniques for
enhanced perception and operates at a distance up to
150-meters with high range resolution and supreme angular accuracy.
The radars have 50% more range in the rear corners to detect
motorcycles and over 100% more range in the front corners.
"We are excited to see Veoneer's most advanced stereo vision
cameras, perception software and radars being used as critical
building blocks in the debut of our customer's most advanced
vehicle program," says Jan
Carlson, Veoneer Chairman, President and CEO. "Our
4th generation stereo vision system is another proof
point that Veoneer is at the forefront of providing safe,
collaborative driving 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 unknown risks, uncertainties
and other factors which may cause 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