JERUSALEM, Sept. 16, 2016 /PRNewswire/ -- (NYSE: MBLY) – In
response to inquiries received this morning, Mobileye N.V. notes
that the allegations recently attributed to a spokesperson for
Tesla regarding Mobileye's position in respect of Tesla internal
computer visions efforts are incorrect and can be refuted by the
facts.
It has long been Mobileye's position that Tesla's Autopilot
should not be allowed to operate hands-free without proper and
substantial technological restrictions and limitations. In
communications dating back to May
2015 between Mobileye Chairman and Tesla's CEO, Mobileye
expressed safety concerns regarding the use of Autopilot
hands-free. After a subsequent face to face meeting, Tesla's
CEO confirmed that activation of Autopilot would be "hands
on." Despite this confirmation, Autopilot was rolled out in
late 2015 with a hands-free activation mode. Mobileye has
made substantial efforts since then to take more control on how
this project can be steered to a proper functional safety
system.
Tesla's response to the May 7
crash, wherein the company shifted blame to the camera, and later
corrected and shifted blame to the radar, indicated to Mobileye
that Mobileye's relationship with Tesla could not continue.
Failing agreement on necessary changes in the relationship,
Mobileye terminated its association with Tesla. As for
Tesla's claim that Mobileye was threatened by Tesla's internal
computer vision efforts, the company has little knowledge of these
efforts other than an awareness that Tesla had put together a small
team.
In any event, it is Mobileye's policy not to respond to rumors
or other spurious claims in the press. Mobileye has commented
fully on its relationship with Tesla and will not provide further
comment. Mobileye's deeply held view is that the long-term
potential for vehicle automation to reduce traffic injuries and
fatalities significantly is too important to risk consumer and
regulatory confusion or to create an environment of mistrust that
puts in jeopardy technological advances that can save lives.
About Mobileye
Mobileye N.V. 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 25 global automakers. The Company's products are also
available in the aftermarket.
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 the Company's current
expectations and projections about future events. You should
not place undue reliance on these statements. Many factors
may cause the Company's actual results to differ materially from
any forward-looking statement, including the risk factors and other
matters set forth in the Company's filings with the U.S. Securities
and Exchange Commission, including its Annual Report on Form 20-F
for the year ended December 31,
2015. The Company undertakes no 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.
Investor Contact:
Dan Galves
CCO / SVP
Tel. +1 917 960 1525
dan.galves@mobileye.com
www.mobileye.com
Media Contact:
Casey Stickles
Campaign Director
Tel. +1 (845) 235-2089
Mobileye@diffusionpr.com
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SOURCE Mobileye N.V.