French supplier Valeo SA has signed an agreement to work with Mobileye, an Israeli company specializing in front-facing camera- and driver-assist systems, to produce sensor systems for collision avoidance and automated driving.
Under the agreement, Valeo will design and produce a range of front-facing camera- and sensor systems using Mobileye’s EyeQ family of microprocessors and computer vision algorithms, the companies said in a statement today.
Valeo and Mobileye also have agreed to develop products for automated driving with “vision and laser scan,” the companies said in the release. They hope to capitalize on Valeo’s global reach and its driver assistance technologies, including laser scanning, in combination with Mobileye’s image processing know-how.
Valeo is developing a range of systems using ultrasonic sensors, radar, cameras, laser scanners and software to make vehicles safer, more intuitive to drive and more fuel efficient, the release said.
Mobileye’s software and algorithms interpret visual data and help vehicles detect roadway markings such as lanes, road boundaries, barriers and traffic signals.
Valeo, of Paris, ranks No. 14 on the Automotive News list of the top 100 global suppliers. The company has 133 plants, 16 research centers and 78,500 employees in 29 countries.
Mobileye’s products are used in vehicles of 23 automakers worldwide including BMW, Ford, General Motors, Nissan and Volvo, the company said.
Shares in Mobileye, which went public last year, closed up 3 percent to $40.10 a share.