Mobileye N.V. (NYSE: MBLY), a global leader in advanced driver assistance systems (ADAS) and autonomous driving technologies, said it made a deal with Nissan Motor Co. Ltd. (ADR) (OTC: NSANY) to integrate Mobileye’s new road experience management (REM) technology into Nissan’s fleets.
Nissan is the third large automaker to have partnered with Mobileye to integrate its new REM technology in addition to General Motors and Volkswagen.
“Adding Nissan and Renault as part of the Renault-Nissan alliance, as a REM technology customer is another important step in the creation of a continuously updated high-definition data for drivable paths with precise-localization that will meet the requirement for full redundancy to enable safe autonomous driving including city autonomous driving,” stated Mobileye co-founder, chairman and CTO, Amnon Shashua.
Mobileye REM technology is to provide real-time data for precise localization and high-definition lane data that forms a critical layer of information to support fully autonomous driving. The technology is based on software running on Mobileye’s EyeQ processing platforms that extracts landmarks and roadway information at extremely low bandwidths, approximately 10kb per kilometer of driving.
Mobileye is a technology leader in the area of automated image processing. The central focus of the joint venture is camera-based real-time image processing technology which – in conjunction with highly precise digitalized maps – is the key to autonomous driving. The company is a leading designer and developer of software and related technologies for camera-based advanced driver assistance systems. Mobileye N.V. was founded in 1999 and is headquartered in Jerusalem, Israel.
Nissan is a global full-line vehicle manufacturer that sells more than 60 models under the Nissan, Infiniti and Datsun brands. In fiscal year 2014, the company sold more than 5.3 million vehicles globally, generating revenue of 11.3 trillion yen. Nissan engineers, manufactures and markets the world’s best-selling all-electric vehicle in history, the Nissan LEAF. Nissan’s global headquarters in Yokohama, Japan manages operations in six regions: ASEAN & Oceania; Africa, Middle East & India; China; Europe; Latin America and North America. The company was founded in 1933. Nissan has a global workforce of 247,500, and has been partnered with French manufacturer Renault under the Renault-Nissan Alliance since March 1999. As of 2013 Renault held a 43.4% voting stake in Nissan, while Nissan held a 15% non-voting stake in Renault. Carlos Ghosn serves as CEO of both companies.