BORDEAUX, France--(BUSINESS WIRE)--Regulatory News:
Autoliv, Inc. (STO:ALIVSDB)(NYSE:ALV), the worldwide leader in automotive safety today announced the market introduction of its Electronic Horizon module which provides beyond-line-of-sight road context and information to safety and efficiency systems at the 22nd Intelligent Transportation Systems (ITS) World Congress being held this week in Bordeaux, France.
Autoliv’s introduction of its Electronic Horizon module is a direct benefit of its acquisition of the Automotive business of MACOM announced in July.
Electronic Horizon uses selected road data attributes from a digital map database, GNSS (GPS) and inertial sensors for precise vehicle positioning, and software algorithms to identify safety and energy efficiency attributes. These combine to provide a predictive context of the road ahead of the vehicle. Autoliv’s implementation results in a credit card size module designed to meet automotive safety specifications and operating independently from any other onboard system.
“This innovative product is another example of Autoliv’s commitment to world class safety solutions for the automotive industry”, said Stefan Kroenung, President, Autoliv Active Safety. “Our Electronic Horizon implementation is a perfect extension to our portfolio of industry-leading active safety sensors.”
The stand-alone Electronic Horizon module is designed for low cost fleet-wide vehicle implementations. The module is compatible with future vehicle needs including wired and wireless vehicle interfaces with cloud computing for incremental map updates and is capable of delivering data to customer specific applications. Autoliv is demonstrating some of these advanced features at its exhibit in the ITS World Congress.
“Our Horizon module is another solution from Autoliv that is helping to save more lives,” said Scott Nist, Managing Director of GPS/Horizon solutions. “With the active safety systems market segment expanding rapidly, and the impending emergence of automated vehicles, accurate localization and horizon data is essential to providing critical context about the road ahead so that onboard sensors and systems can react appropriately.”
Autoliv’s Horizon module is available for development as well as production platforms immediately.
Autoliv, Inc., the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has lose to 80 facilities with more than 60,000 employees in 28 countries. In addition, the Company has ten technical centers in nine countries around the world, with 21 test tracks, more than any other automotive safety supplier.Sales in 2014 amounted to US $9.2 billion. The Company's shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on the OMX Nordic Exchange in Stockholm (ALIV sdb). For more information about Autoliv, please visit our company website at www.autoliv.com.
Safe Harbor Statement
This report 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 Autoliv, 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 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. The Company undertakes no obligation to update publicly or revise any forward-looking statements in light of new information or future events. 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 any such statement.
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