Faurecia Celebrates Opening of New Tech Center in Silicon Valley to Accelerate Deployment Innovation Ecosystem for the Cockpit of the Future

SILICON VALLEY, Calif., Jan. 16, 2018 /PRNewswire/ -- Faurecia, one of the world's largest automotive equipment suppliers, today celebrated the opening of its Silicon Valley Tech Center. The new facility will support the company's global R&D activities and expand upon its existing innovation network by strengthening its relationships with automakers, start-ups and leading universities in the region.

A primary mission of the new location will be the acceleration of new and disruptive technologies in the company's strategic areas of focus: Sustainable Mobility and the Cockpit of the Future. With this new center, Faurecia reinforces its commitment to building a premiere innovation ecosystem to address the significant transformation of the automotive industry.

"As we play a key role in transforming our industry, we have recognized the need to be close to thought leaders and disrupters around the world – among them customers and partners alike," said Guillaume Peronnet, vice president of Strategy, Faurecia North America. "Our presence in Silicon Valley allows us to strategically position ourselves amongst technology and automotive companies, and to continue identifying the challenges and solutions of the mobility future. We're proud to add Silicon Valley to our global innovation ecosystem."

Faurecia's Silicon Valley office is the first of the Group's innovation platforms. Others will be created in key cities around the world to accelerate innovation and time to market in key domains for the Group.   The facility is also a key center for Cockpit of the Future development with local customers. The tech center employs more than 30 experts dedicated to addressing future mobility challenges. The tech center will also host one of the Group's Artificial Intelligence teams.

In addition to functioning as an innovation hub, the Silicon Valley facility will support Faurecia Ventures, which is dedicated to accelerating the acquisition of technologies through investments in start-ups and partnerships contributing to our product offering for Smart Life On Board and Sustainable Mobility.

About Faurecia
Founded in 1997, Faurecia has grown to become a leading player in the global automotive industry. The Group focuses its technology strategy on development of Sustainable Mobility solutions for improved fuel economy and air quality, as well as Smart Life On-board technologies for the cockpit of the future. To meet these challenges, Faurecia is accelerating its innovation to meet the changing needs of its customers and is rapidly expanding its innovation ecosystem through partnerships, acquisitions and investments in start-ups.

With 330 sites including 30 R&D centers, 100 000 employees in 34 countries, Faurecia is now a global leader in its three areas of business: automotive seating, interior systems and clean mobility. In 2016, the Group posted total sales of €18.7 billion. Faurecia is listed on the NYSE Euronext Paris stock exchange and trades in the U.S. over-the-counter (OTC) market. For more information www.faurecia.com and our newsroom https://newsroom.faurecia.com/

SOURCE Faurecia

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