JERUSALEM, April 6, 2017 /PRNewswire/ -- (NYSE: MBLY) –
Mobileye N.V., 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 technologies (the "Company"), today announced certain
details relating to its 2017 Annual General Meeting.
The Company will hold the 2017 Annual General Meeting in
Amsterdam on June 13, 2017. Shareholders of record of
the Company's ordinary shares outstanding at the close of business
in New York on May 16, 2017 will be entitled to attend and vote
at the 2017 Annual General Meeting.
The Notice of and Agenda for the 2017 Annual General Meeting
(the "Meeting Notice") will be distributed to shareholders, filed
with the U.S. Securities and Exchange Commission on a Form 6-K and
published on the Company's website, on or about May 16, 2017. The Meeting Notice will
include as an Annex the draft Dutch statutory accounts of the
Company prepared in accordance with International Financial
Reporting Standards for the year ended December 31, 2016. The Company has
previously filed its Annual Report on Form 20-F, which includes its
audited financial statements for the year ended December 31, 2016 prepared in accordance with
U.S. generally accepted accounting principles.
At the 2017 Annual General Meeting the Company will also propose
for adoption by shareholders certain resolutions related to the
offer by Cyclops Holdings, LLC, a wholly-owned subsidiary of Intel
Corporation, to acquire any and all outstanding ordinary shares of
the Company for cash consideration of $63.54 per share.
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 more than 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 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, 2016. The Company
does not undertake 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.
Company Contact:
Dan Galves
CCO / SVP
dan.galves@mobileye.com
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SOURCE Mobileye N.V.