SAN JOSE, Calif., May 16, 2017 /PRNewswire/ -- AGM Automotive,
a leading global developer and supplier of automotive interiors and
consoles – recently acquired by Sketch-to-Scale™ solutions
provider Flex (NASDAQ: FLEX) – has entered into a joint development
and licensing agreement with Caruma® Technologies, Inc., an
Intelligent Connected-Vehicle Platform™ company, to develop
AI-powered, vision-based interior systems for automakers, as
announced today at Internet of Things World – co-located with
Connected & Autonomous Vehicles, at the Santa Clara Convention Center in Santa Clara, Calif.
The two companies will collaborate on the integration of AGM's
Intelligent Interior System with Caruma's system empowering the
automotive data platform, which combines artificial intelligence,
computer vision, and big data analytics —the underlying
technologies found in self-driving cars—to alert drivers of unsafe
driving behaviors, roadway hazards and vehicle security risks.
These systems are designed to connect to the cloud to provide
Advanced Driver Assisted Systems (ADAS) and Driver Management
Systems (DMS).
Chris Obey, president of
Automotive at Flex, said, "One of the specific reasons Flex
acquired AGM was for the enhanced ability to develop collaborative
industry synergies such as this partnership with Caruma. We believe
our automotive OEM customers will be very interested in the
advanced technologies resulting from these collaborations."
Flex intends to offer the Intelligent Interior System to
automakers for integration into new vehicles and for aggregating
anonymized data on driving patterns, road infrastructure changes,
and traffic congestion to ramp up their autonomous vehicle
strategies.
"Automotive manufacturers gain an edge by being the first to
offer differentiated products in a highly competitive industry,"
said Robert Blinstrub, Vice
President and General Manager of AGM, a Flex Company. "We chose to
work with Caruma because of their expertise in intelligent
transportation technology. This partnership will allow AGM and Flex
to quickly deliver a comprehensive technology solution at the most
efficient cost to our automotive customers."
The Caruma platform connects cameras and sensor hardware to a
continuous learning cloud and an artificial intelligence powered
vehicle network, which 'learns' behavioral patterns of drivers and
passengers, situational factors external to the vehicle and road
infrastructural changes.
Chris Carson, founder and CEO,
Caruma Technologies, said, "The partnership between Flex, AGM and
Caruma will allow automakers to offer a wider range of advanced
features and services in vehicles, including adaptive intelligence
gained from a smart network and continuous learning cloud, as part
of Caruma's autonomous development efforts."
Flex, AGM and Caruma anticipate their advanced hardware
technology and AI, computer vision based software platform to be
available to automakers by Q4 2017.
About Flex
Flex is the Sketch-to-Scale™ solutions provider that
designs and builds Intelligent Products for a Connected
World™. With approximately 200,000 professionals across 30
countries, Flex provides innovative design, engineering,
manufacturing, real-time supply chain insight and logistics
services to companies of all sizes in various industries and
end-markets. For more information, visit flex.com or follow us on
Twitter @flexintl. Flex – Live Smarter™
About AGM Automotive
AGM was founded in 2001 and is the leader in the design,
development, and manufacturing of the automotive industry's most
advanced interior products, including interior lighting, overhead
consoles, switches, assist handles, textiles and other interior
assemblies, such as electronic components and wire harnesses, to
the automotive marketplace. AGM was acquired by Flex in April
2017. For more information about AGM Automotive, please visit
www.agmautomotive.com.
About Caruma Technologies, Inc.
Caruma is an Intelligent Connected-Vehicle Platform™ that
utilizes the underlying technologies found in autonomous driving
vehicles to improve safety, security, and convenience.
Caruma's AI-powered connected-vehicle platform collects data that
empowers fleet managers with context-rich information, insurance
sector with a vision-augmented driver score, smart cities with deep
insights about road segment infrastructure anomalies, and
automotive sector with real data sets needed for ramping to level 4
autonomy.
Caruma and the Caruma logo are registered trademarks of Caruma
Technologies, Inc.
Media
Contacts:
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Flex
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Renee Brotherton Paul
Brunato
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Kevin
Kessel
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Corporate
Communications
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Investor
Relations
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(408) 576-7189 (408)
576-7534
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(408)
576-7985
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renee.brotherton@flex.com
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kevin.kessel@flex.com
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paul.brunato@flex.com
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Caruma Technologies,
Inc.
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Mike
Wong
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888-342-2786 x
715
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mike.wong@caruma.tech
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To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/flex-and-caruma-partner-to-deliver-ai-powered-vision-based-automotive-interior-systems-300458176.html
SOURCE Flex