Tech

HERE and Mobileye to partner on REM™ and Open Location Platform technology to enable crowd-sourced HD mapping for automated driving



EINDHOVEN, Netherlands and JERUSALEM, Dec. 29, 2016 /PRNewswire/ — HERE and Mobileye, both leaders in providing technologies for intelligent vehicles, today announced plans for a strategic partnership that links their respective autonomous driving technologies into an enhanced industry-leading offering for automakers. 

The two companies intend to pursue the following collaborative initiatives:

“We are building a state-of-the-art global HD map that is becoming the standard for autonomous driving and other IoT applications that need precise location-based information and services,” said Edzard Overbeek, CEO of HERE. “We are rapidly expanding this capability and I am very pleased that we can accelerate that work with Mobileye, a strategic partner which shares our view of where the automotive and other industries are going.”

“High-definition mapping is a key enabler for autonomous driving. Mobileye’s REM™ technology, enabling crowd-sourced data extraction, together with the backend processing of the Roadbook™ combined with HERE HD Live Map is critical to ensure dynamic, near real-time updates”, said Professor Amnon Shashua, Chairman and CTO of Mobileye.  “We are pleased to work with HERE to create a “world HD-map” standard, leveraging the combined fleet size of certain vehicle brands initially, with the objective of eventually launching an industry wide initiative.”

In parallel, the two companies also intend to explore other potential opportunities where their products and services are complementary to further support automotive companies in advancing their autonomous driving and mobility strategies generally.

About HERE
HERE, the Open Location Platform company, enables people, enterprises and cities to harness the power of location. By making sense of the world through the lens of location we empower our customers to achieve better outcomes – from helping a city manage its infrastructure or an enterprise optimize its assets to guiding drivers to their destination safely. To learn more about HERE, including our new generation of cloud-based location platform services, visit
http://360.here.com and www.here.com.

For enquiries, please contact:

HERE media relations                                       
James Etheridge                                              
+49 151 1004 1241                                           
james.etheridge@here.com

Dr. Sebastian Kurme                                                                             
+49 173 515 3549
sebastian.kurme@here.com

About Mobileye
Mobileye N.V. (NYSE: MBLY) 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. The company’s 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. The company’s 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. The company’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. The company’s products are or will be integrated into car models from more than 25 global automakers. The company’s products are also available in the aftermarket.

Mobileye investor relations
Dan Galves
+1 917 960 1525
Dan.galves@mobileye.com

Mobileye media relations
Alexis Blais
mobileyepr@icrinc.com

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

SOURCE Mobileye N.V.







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