STOCKHOLM, May 6, 2020 /PRNewswire/ -- The automotive
technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB),
launches its state-of-the-art suite of collision mitigation
technology on the new fully electric Polestar
2.
Veoneer begins production of its advanced sensing technology and
software enabling the Polestar 2 to become a leader in the next
generation of car safety. The system allows the Polestar 2 to
gather information and data about its surroundings and the
trajectory of vehicles around it to assist drivers to avoid
potentially hazardous situations.
Key components of the technology suite include Veoneer's
4th generation mono vision system, 77GHz front radar,
and a state-of-the-art ADAS Electronic Control Unit (ECU). The
Polestar 2 is the first vehicle to use the Zenuity sensor fusion
software platform enabling industry-leading features like object
detection, lane keeping aid, forward collision warning, adaptive
cruise control, autonomous emergency braking, and traffic assist.
Veoneer's front 77 GHz radar unit and windshield-mounted mono
vision camera keeps the Polestar 2's eyes on the road to take
preventative measures whenever something encroaches on its path
ahead. Everything from disabled cars to pedestrians can be noticed
by the Polestar 2, which then warns the driver (via a brake pulse,
audio warning signal, and visual warning signal in the driver
display) and then brakes automatically if needed. Automatic
pre-braking, steering support, and incrementally tightening
seatbelts also come into play, maximizing safety for the
occupants.
Veoneer's 4th generation mono vision system is
designed with a 100-degree field-of-view and 1.7 megapixel
resolution to support ADAS features necessary to achieve 5-star
ratings for Euro NCAP. The system is comprised of fully
integrated hardware and algorithms using deep learning technologies
that identify objects such as cars, road markings, or road
signs.
Veoneer's newest generation of 77GHz radars have improved
performance and provide reliable and accurate situational awareness
of objects surrounding the vehicle. Veoneer's radar design
has improved waveform and operates at extended ranges needed to
achieve 5-star ratings for Euro NCAP.Veoneer's ADAS ECU is the
"ADAS brain" of the vehicle which hosts a sophisticated software
feature stack along with feature software from other sensors to
interpret the situation around the vehicle, and trigger ADAS
features such as emergency braking or cross traffic alert.
Veoneer's ADAS ECU is designed to be an open scalable
hardware and software architecture that hosts
algorithms.
"We are excited to start deliveries of Veoneer's 4th
generation mono vision cameras, upgraded 77GHz radars, ADAS ECUs
and industry-leading feature software on the all-new Polestar 2,
allowing drivers to interact with the Polestar and its surroundings
in an advanced new way," says Jan
Carlson, Veoneer Chairman, President and CEO. "Veoneer is
proud to bring new levels of safety and convenience to car drivers
and occupants across the globe and the Polestar 2 is the first
vehicle equipped with these advanced systems."
Veoneer, Inc. is a worldwide leader in
automotive technology. Our purpose is to create trust in mobility.
We design, manufacture and sell state-of-the-art software, hardware
and systems for occupant protection, advanced driving assistance
systems, and collaborative and automated driving to OEMs globally.
Headquartered in Stockholm,
Sweden, Veoneer has 7,600 employees in 13 countries. In
2019, sales amounted to $1.9 billion.
The Company is building on a heritage of close to 70 years of
automotive safety development. In 2018, Veoneer became an
independent, publicly traded company listed on the New York Stock
Exchange (NYSE: VNE) and on the Nasdaq Stockholm (SSE: VNE
SDB).
Safe Harbor Statement: This release contains
statements that are not historical facts but rather forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements include those
that address activities, events or developments that Veoneer, Inc.
or its management believes or anticipates may occur in the future.
All forward-looking statements are based upon our current
expectations, various assumptions and/or data available from third
parties. Our expectations and assumptions are expressed in good
faith and we believe there is a reasonable basis for them. However,
there can be no assurance that such forward-looking statements will
materialize or prove to be correct as forward-looking statements
are inherently subject to known and unknown risks, uncertainties
and other factors which may cause actual future results,
performance or achievements to differ materially from the future
results, performance or achievements expressed in or implied by
such forward-looking statements. Numerous risks, uncertainties and
other factors may cause actual results to differ materially from
those set out in the forward-looking statements, including general
economic conditions and fluctuations in the global automotive
market. For any forward-looking statements contained in this or any
other document, we claim the protection of the safe harbor for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995, and we assume no obligation to
update publicly or revise any forward-looking statements in light
of new information or future events, except as required by
law.
For more information, please contact:
Thomas Jönsson
EVP Communications & IR
tel +46 (0)8 527 762 27
Ray Pekar
VP Investor Relations
tel +1 (248) 794-4537
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