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HERE and Mobileye to partner on REM(TM) and Open Location Platform technology to enable crowd-sourced HD mapping for automated driving

ID: 1477979
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(Thomson Reuters ONE) -
HERE /
HERE and Mobileye to partner on REM(TM) and Open Location Platform technology to
enable crowd-sourced HD mapping for automated driving
. Processed and transmitted by Nasdaq Corporate Solutions.
The issuer is solely responsible for the content of this announcement.

EINDHOVEN, Netherlands and JERUSALEM, 29 December 2016 - HERE and Mobileye, both
leaders in providing technologies for intelligent vehicles, today announced
plans for a strategic partnership that links their respective autonomous driving
technologies into an enhanced industry-leading offering for automakers.

The two companies intend to pursue the following collaborative initiatives:

* Integration of Mobileye''s Roadbook(TM) with HERE HD Live Map
Mobileye''s Roadbook(TM) will be integrated as a data layer in HERE HD Live
Map, HERE''s real-time cloud service for partially, highly and fully
automated vehicles. Roadbook(TM) information will provide an important
additional layer of real-time contextual awareness by gathering landmark and
roadway information to assist in making a vehicle more aware of - and better
able to react to - its surroundings, as well as allow for more accurate
vehicle positioning on the road.

* Mobileye''s utilization of the HERE Open Location Platform
Mobileye will utilize the HERE Open Location Platform for the ingestion and
processing of raw sensor and observation data (Road Segment Data, RSD), and
the creation and dynamic maintenance of its Roadbook(TM) products. The HERE
Open Location Platform is the next generation of HERE''s location platform,
developed to support the ingestion, enrichment and processing of real-time
location-based data for multiple industries, including the automotive
industry.

* HERE to utilize raw sensor and observation data from Mobileye


HERE will utilize RSD, as well as the Global Roadbook(TM) (GLRB), collected
and aggregated from certain vehicle brands equipped with Mobileye technology
to support change detection and the maintenance of HERE HD Live Map.
Detecting changes in the real world and adjusting the map accordingly is
critically important for automated vehicles to plan better driving
strategies. With more sensor data available from car manufacturers equipped
with Mobileye''s REM(TM) technology, the HERE HD Live Map will be updated
even more quickly, achieving very short Time to Reflect Reality.

"We are building a state-of-the-art global HD map that is becoming the standard
for autonomous driving and other IoT applications that need precise location-
based information and services," said Edzard Overbeek, CEO of HERE. "We are
rapidly expanding this capability and I am very pleased that we can accelerate
that work with Mobileye, a strategic partner which shares our view of where the
automotive and other industries are going."

"High-definition mapping is a key enabler for autonomous driving. Mobileye''s
REM(TM) technology, enabling crowd-sourced data extraction, together with the
backend processing of the Roadbook(TM) combined with HERE HD Live Map is
critical to ensure dynamic, near real-time updates," said Professor Amnon
Shashua, Chairman and CTO of Mobileye. "We are pleased to work with HERE to
create a "world HD-map" standard, leveraging the combined fleet size of certain
vehicle brands initially, with the objective of eventually launching an industry
wide initiative."

In parallel, the two companies also intend to explore other potential
opportunities where their products and services are complementary to further
support automotive companies in advancing their autonomous driving and mobility
strategies generally.

About HERE
HERE, the Open Location Platform company, enables people, enterprises and cities
to harness the power of location. By making sense of the world through the lens
of location we empower our customers to achieve better outcomes - from helping a
city manage its infrastructure or an enterprise optimize its assets to guiding
drivers to their destination safely. To learn more about HERE, including our new
generation of cloud-based location platform services, visit http://360.here.com
and www.here.com.

For enquiries, please contact:

HERE media relations
James Etheridge
+49 151 1004 1241
james.etheridge(at)here.com

Dr. Sebastian Kurme

+49 173 515 3549
sebastian.kurme(at)here.com

About Mobileye
Mobileye N.V. (NYSE: MBLY) 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. The company''s
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. The company''s 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. The company''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(TM) of localized drivable paths and visual landmarks
using REM(TM); and provide mapping for autonomous driving. The company''s
products are or will be integrated into car models from more than 25 global
automakers. The company''s products are also available in the aftermarket.

Mobileye investor relations
Dan Galves
+1 917 960 1525
Dan.galves(at)mobileye.com

Mobileye media relations
Alexis Blais
mobileyepr(at)icrinc.com

Forward-Looking Statements
This press release contains certain forward-looking statements. Words such as
"believes," "intends," "expects," "projects," "anticipates," and "future" or
similar expressions are intended to identify forward-looking statements. These
statements are only predictions based on our current expectations and
projections about future events. You should not place undue reliance on these
statements.  Many factors may cause our actual results to differ materially from
any forward-looking statement, including the risk factors and other matters set
forth in the public filings of each of the parties to this press release.
Neither party undertakes any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or otherwise,
except as may be required by law


Press release in PDF format:
http://hugin.info/171640/R/2068057/776592.pdf



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: HERE via GlobeNewswire






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Date: 12/29/2016 - 13:12
Language: English
News-ID 1477979
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