Mobileye Completes Installation of Collision Avoidance Technology Across 4,500 New York City For-Hire Vehicles

NEW YORK, Feb. 17, 2017 /PRNewswire/ -- Mobileye (NYSE: MBLY), the global leader in Advanced Driver Assistance Systems and autonomous driving technologies, announced today the completed installation of collision avoidance technology across 4,500 for-hire vehicles in New York City.

Together with Atlas Financial Holdings, Inc. (NASDAQ: AFH) a leader in passenger transportation insurance, Mobileye has equipped thousands of New York City-based rideshare vehicles, such as those available through popular apps including Uber and Lyft, with advanced collision avoidance systems that focus on accident prevention. Beginning this month, 4,500 for-hire vehicles in New York City will feature Mobileye's cutting-edge technologies enabled by a high resolution vision sensor that analyzes potential dangerous scenarios in real time, alerting drivers to impending collisions and giving them enough time to react.

"As the popularity of ridesharing continues to grow in cities across the country, it is imperative that these vehicles take advantage of new technologies designed to enhance the safety of drivers and passengers," commented Moran David, Director of Business Development at Mobileye. "Mobileye's system will provide vehicle owners and drivers peace of mind knowing that the most advanced technologies are in place to provide an extra layer of safety and protection to drivers and their passengers. We look forward to working closely with our partners to prevent collisions across the city, while improving the driving behavior of operators."

The Mobileye system integrates Pointer Telocation, a leading developer and operator of Fleet and Mobile Resource Management solutions, allowing vehicle and fleet owners the opportunity to review the driving behaviors of its operators.

The introduction of Mobileye technology across for-hire vehicles in New York City follows a series of recent accomplishments for Mobileye's Aftermarket Division that have included a partnership with the U.S. Department of Transportation as well as dozens of pioneering pilot programs in cities across the country. Through Mobileye's partnership with the USDOT as part of the Smart City Challenge, a competition to award one U.S. city with $40 million in grants to support advanced transportation projects, Mobileye was chosen to outfit the winning city's public bus systems with its Shield+ technology, a vision sensor system engineered specifically for pedestrian collision avoidance in public transit systems.

About Mobileye N.V.

Mobileye N.V. 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™ of localized drivable paths and visual landmarks using REM™; 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 media contacts
Alexis Blais, [email protected]
Dan Galves, [email protected]

SOURCE Mobileye N.V.