Valeo and Iteris Sign Agreement to Develop and Launch Integrated Automotive Vision Systems.Business Editors PARIS--(BUSINESS WIRE)--June 19, 2001 Valeo (Paris:FR) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :VLEEY), one of the world's leading automotive suppliers, and Iteris, Inc., a subsidiary of Odetics, Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ODETA & ODETB) announced today that they have entered into a strategic and technical partnership that encompasses the technical and commercial development of advanced automotive vision systems for the car market. Under the terms of the agreement, Valeo and Iteris will jointly develop Iteris' advanced video-based image processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished system called AutoVue and integrate it into Valeo's comprehensive range of automotive sensor and electronic systems. Manufacturing will be provided by Valeo and, additionally, Valeo's marketing and engineering expertise will support the partnership from Bietigheim, Germany, and Auburn Auburn (ô`bərn). 1 City (1990 pop. 33,830), Lee co., E Ala.; inc. 1839. The city's economy centers around Auburn Univ.; there is some manufacturing. 2 City (1990 pop. 24,309), seat of Androscoggin co. Hills, MI, USA, where Valeo's Switches and Detection Systems Branch R&D centers are located. The agreement balances technology fees and manufacturing proceeds. AutoVue will track visible road lane markings ahead and warn the driver in case of an unintentional lane departure. It is also envisaged that future generations of AutoVue will be able to detect changes in weather and road conditions, and even obstacles and road signs, which could reduce some driver tasks by automating and enhancing functions such as lighting and wiping. If interfaced with other advanced features such as Brake-by-Wire or Steer-by-Wire, future generation systems have the potential to address road safety. "Iteris' video-based in-vehicle sensor technology combined with our advanced automotive electronics and sensor technologies represent an important part of our strategy to provide innovative detection systems for the automotive market. This partnership moves Valeo well ahead on the roadmap to offer complete and intelligent vision all around the vehicle," said Martin Haub, Valeo senior vice president, research & development and product marketing. "Moreover, the integration of this new technology perfectly demonstrates how synergies can increase functionality while at the same time enhancing the performance of our existing systems. We are very excited about the promising and numerous opportunities this collaboration will offer," added Haub. "We feel that Valeo is the ideal partner for Iteris to work with and that this relationship leverages the strengths of both companies," said Francis Memole, Iteris vice president of vehicle sensors. "The combination of Valeo's global strength in automotive electronics, especially in Europe, coupled with our leading edge vision technology will allow Iteris to succeed on a global scale," he added. Small enough to fit inside a windscreen mirror case, AutoVue is a compact and lightweight image processor device that will be located inside the front windscreen of a car. The AutoVue system uses a highly sensitive Adj. 1. highly sensitive - readily affected by various agents; "a highly sensitive explosive is easily exploded by a shock"; "a sensitive colloid is readily coagulated" , computerized computerized adapted for analysis, storage and retrieval on a computer. computerized axial tomography see computed tomography. camera and a combination of sophisticated lane recognition algorithms and proprietary image recognition software and hardware to track lane markings in the road. Valeo plans to make Iteris' AutoVue technology an integral part of its 'Seeing and Being Seen' Domain, which uses ultrasonic ultrasonic /ul·tra·son·ic/ (-son´ik) beyond the upper limit of perception by the human ear; relating to sound waves having a frequency of more than 20,000 Hz. ul·tra·son·ic adj. 1. , infrared and radar sensors Radio detection and ranging (radar) is used to sense angle, range and velocity of (moving) scatterers in the environment [1] [2]. Radar sensor figures of merit include maximum range and solid angle, as well as angular, range and velocity resolution. , as well as vision-based systems for a 360 degree surveillance of the vehicle. Those advanced driver support features and the resulting sensor fusion Sensor fusion is the combining of sensory data or data derived from sensory data from disparate sources such that the resulting information is in some sense better than would be possible when these sources were used individually. will be a prerequisite pre·req·ui·site adj. Required or necessary as a prior condition: Competence is prerequisite to promotion. n. for future Collision Warning and Avoidance systems. Integrated video-based sensing brings a range of performance enhancing options that will strengthen as well as support Valeo's existing vehicle systems. It is envisaged that AutoVue, when integrated into Valeo's complete range of environmental detection systems, will improve certain vehicle functions such as lighting and windscreen cleaning management, rain and dirt sensing as well as obstacle detection, through this unique blend of technologies conceived through a diverse industry partnership. Editor's note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : About Iteris, Inc. Iteris, Inc., a subsidiary of Odetics, Inc., is a leading provider of advanced information, software and sensor technologies that improve the efficiency and safety of surface transportation. Iteris has combined information technology, system integration and applied sensors to offer a broad range of telematics Originally coined to mean the convergence of telecommunications and information processing, the term later evolved to refer to automation in automobiles. GPS navigation, integrated hands-free cellphones, wireless communications and automatic driving assistance systems all come under the and transportation solutions. For more information, see the Iteris web site at http://www.iteris.com. Valeo is an independent industrial Group fully focused on the design, production and sale of components, integrated systems and modules for cars and trucks, and ranks among the world's top automotive suppliers. The Group has 167 plants, 49 R&D centers, 10 distribution centers and employs 75,000 people in 24 countries worldwide. For more information on the Group and its businesses, please consult our Web site: www.valeo.com |
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