Mobileye and Munich Re, US Announce Collaboration to Reduce Automotive Collisions
September 12 2017 - 10:00AM
Business Wire
Partnership will Outfit Fleets with Systems Designed to Alert
Commercial Drivers of Road Hazards and Improve Driving
Habits
Mobileye, an Intel company, the global leader in advanced driver
assistance systems (ADAS) and autonomous driving technologies,
today announced a unique collaboration intended to reduce
commercial fleet collisions and enhance road safety in the United
States.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170912005580/en/
Mobileye aftermarket advanced driver
assistance systems provide visual and audio alerts to drivers,
warning them of potentially dangerous situations on the road.
(Credit: Mobileye)
Beginning immediately, Munich Reinsurance America Inc. (Munich
Re, US) will make available Mobileye’s aftermarket Advanced
Collision Avoidance System to its clients, including commercial
fleets. The new program will provide Munich Re, US clients with the
option of retrofitting existing vehicles with Mobileye ADAS
technology, designed to help mitigate the potential for collisions
among fleets and improve driver behavior through the use of warning
signals. Munich Re, US will also conduct a loss analysis to help
quantify the potential impact of Mobileye’s technology on a client
company’s portfolio of commercial fleet business.
With the increase in traffic fatalities in the U.S. over the
last few years, the timely partnership underscores the importance
of innovative collaborations that directly address the growing
challenge of automobile collisions and resulting fatalities. For
example, in 2016, there were more than 40,000 traffic fatalities in
the U.S., according to the National Safety Council (NSC). This
represented a 6 percent increase over 2015. The NSC estimates the
cost of deaths, injuries and property damage attributed to crashes
in 2016 totaled $432.5 billion, up 12 percent over the previous
year. Mobileye crash avoidance systems have helped its users reduce
overall crashes by 60 percent including a 43 percent reduction in
lane departure-type crashes and a 95 percent reduction in forward
collisions.
“As Americans drive more miles and engage in activities that
take their attention off the road, such as texting and talking on
cellphones, the number of traffic crashes and fatalities has grown.
Adding a crash avoidance system to a company’s risk management
program for its fleet of vehicles can help mitigate the risk of a
crash,” said Mike Scrudato, senior vice president and strategic
innovation leader, Munich Re, US. “Our partnership with Mobileye
offers our client companies and their customers with a range of
fleet vehicles – from auto to light- and heavy-duty trucks to buses
– tools to help reduce property losses and help save lives.”
“Mobileye’s vision safety technology saves lives. We applaud
Munich Re, US for embracing forward-looking technology and
providing such an innovative offering to their portfolio of
clients,” said Moran David, general manager, U.S. and Canada,
Mobileye, an Intel company. “The ability to improve driver habits
with real-time feedback coupled with re/insurance protection will
provide companies with a well-rounded risk management solution for
their fleets that improves road safety for everyone.”
Mobileye’s aftermarket life-saving ADAS system alerts drivers of
impending collisions so that the driver can react in time to take
action. Enabled by a high-resolution vision sensor that analyzes
potential hazardous scenarios in real time, the cutting-edge
technology provides warnings in advance of potential forward
collisions, dangerous contact with pedestrians and cyclists, and
unintentional lane departures. The system consists of a
windshield-mounted vision sensor and a visual display unit mounted
in the cabin.
About Mobileye, an Intel Company
Mobileye, an Intel Company 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. Our 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. Our 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. Mobileye'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. Our products are or will be
integrated into car models from more than 25 global automakers. Our
products are also available in the aftermarket.
About Intel
Intel (NASDAQ:INTC) expands the boundaries of technology to make
the most amazing experiences possible. Information about Intel can
be found at newsroom.intel.com and intel.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170912005580/en/
Mobileye Investor RelationsDan
GalvesDan.galves@mobileye.comorMobileye Media RelationsAlexis
BlaisMobileyepr@icrinc.com
Intel (NASDAQ:INTC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Intel (NASDAQ:INTC)
Historical Stock Chart
From Apr 2023 to Apr 2024