AND ANNOUNCES AGREEMENT WITH CYCLOMEDIA WITH FOCUS ON AUTOMOTIVE SECTOR
07 Avril 2016 - 7:30AM
Capelle aan den IJssel, the
Netherlands - 7 April 2016 - AND today announced a licensing
agreement with CycloMedia. This empowers AND's capability to deploy
data generated by cars in its digital maps, starting with a pilot
project in 2016. This enhances AND's growth prospects in the
automotive sector, which is on the brink of new developments driven
by technology and an important user of digital
maps.
Within this license agreement CycloMedia makes data available to
AND. With this data AND will pilot the ability to automatically
derive a high definition attribution database to attribute its
navigation maps in a cost effective manner. Such an ability is
relevant to current developments in the automotive sector towards
the self-driving car.
AND already uses anonymized user-generated GPS traces to update and
enrich its digital maps. By adding data like traffic signs, from
sensor technologies inside the car and image recognition
techniques, AND will be able to automatically and continuously
enrich and update its maps to an unprecedented completeness,
accuracy and reliability.
In addition, AND is happy to announce that it has been enrolled as
a member of ADASIS, a platform for car manufacturers and map makers
to standardize interface between in-vehicle ADAS (Advanced Driver
Assistance Systems) applications and map data sources. Partners of
ADASIS include car manufacturers (like BMW, Daimler, FORD, Honda,
Renault, Toyota, Volkswagen and Volvo) and map makers (like HERE
and TomTom). See adasis.org for more info.
AND CEO Hugo van der Linde: "The agreement with CycloMedia, and the
consequent pilot, is an important step in the further development
of the offering of our company and its innovative approach to
developing digital maps. Since some time we are investigating
opportunities in the automotive sector and this pilot is a logical
step. We do have a high-quality product and structural coverage of
important regions like North America and Europe in place, due to
targeted investments in the past years. Our robust financial
position enables us to fund the involved investments, while large
international companies have recognized our position, given the two
large contracts awarded to us in the last period."
This is an English translation of
the Dutch press release. In the event of any disparity between the
Dutch original and this translation, the Dutch text will
prevail.
Note for editor, not for publication.
For further information please contact Hugo van der Linde on
0031-10-8851200 or go to www.and.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: AND International Publishers via
Globenewswire
HUG#2001289
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