STOCKHOLM, Sept. 6, 2021 /PRNewswire/ -- The automotive
technology company Veoneer, Inc. (NYSE: VNE) and
(SSE: VNE SDB), is proud contributor to the Highly Automated
Driving solution in the Mercedes-Benz S-class, equipped to offer
level 3 hands-off self-driving tech.
During the fall, Mercedes-Benz' DRIVE PILOT system is being
introduced with greater performance from Veoneer's Stereo Vision
and Radar products to support level 3 self-driving.
Veoneer's 4th generation stereo vision camera system
is comprised of fully integrated hardware and perception software
to master the challenges of highly automated driving. The stereo
vision camera system uses Convolutional Neural Network (CNN)
technology in combination with 3D stereo for accurate
classification and positioning of objects in front of the vehicle.
Functions enabled by the stereo camera are lane detection, free
space, small obstacle detection and 3D objects classification.
Additionally, the stereo camera is contributing to the detection of
emergency vehicles and construction warning trailers to support
level 3 driving.
Veoneer's 77GHz radar, generation 1.2 including corner radars,
offer high range resolution and angular accuracy. The radar has
been adapted since launch to additionally support the HAF-Level 3
solution. Veoneer Radars are an important component contributing to
the vehicles spatial awareness, which is increasingly important for
the HAF-Level 3 use cases. Built upon novel algorithms, the
resulting performance provides superior angular resolution allowing
the Drive Pilot system to discern pedestrians, and vehicles.
Mercedes-Benz DRIVE PILOT system is a prime example of
collaborative driving; as a level 3 system, the car can take
control under certain conditions, but the driver needs to be ready
to retake the wheel when needed within 10 seconds.
"I am truly proud of Veoneer's contribution to Mercedes-Benz AG;
our world-class products are an integral part of the Drive Pilot
system, but more importantly, I am even more proud of our way of
working closely integrated with our customer in an agile manner,
ensuring the end-consumers get superior features that improve
driver convenience and safety," says Jan
Carlson, Chairman, President and CEO of Veoneer.
For more information please contact:
Thomas Jönsson, EVP Communications & IR,
thomas.jonsson@veoneer.com, tel +46 (0)8 527 762
27
Veoneer, Inc. is a worldwide leader in
automotive technology. Our purpose is to create trust in mobility.
We design, develop, and manufacture 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 7,500 employees in 11 countries. In
2020, sales amounted to $1.37
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.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/veoneer/r/veoneer-products-enable-level-3-hands-off-self-driving-tech,c3410224
The following files are available for download:
https://mb.cision.com/Main/17380/3410224/1464534.pdf
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