Signature of a Cooperation Agreement Between Valeo and Ibeo

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Dec 17, 2010, 10:37 ET

PARIS, December 17, 2010 /PRNewswire-FirstCall/ -- Valeo announced today that it has signed a cooperation, development and license agreement with Ibeo Automotive Systems GmbH in the field of laser scanner technology.

This agreement gives Valeo exclusive access to Ibeo's expertise and know-how and enables it to evolve Ibeo's laser scanner technology for high volume applications. This technology complements Valeo's own range of radar, ultrasonic, infrared and vision sensor systems.

With the laser scanner, Valeo, which is already market leader in driving assistance systems, will be able to promote innovative active safety features in this area.

Ibeo, a specialist in the area of laser scanners, has provided sensors for many automakers' advanced developments for over 10 years. It has also supplied sensors for numerous research projects, including the DARPA (Defense Advanced Research Projects Agency of the United States) Urban Challenge, where Ibeo fielded an autonomous vehicle on its own.

Valeo and Ibeo will cooperate to define, specify and develop products using laser scanner technology and Valeo will market them for mass-production automotive applications. These smart driving systems will contribute to improving safety, fuel efficiency and driving comfort.

Valeo is an independent industrial Group fully focused on the design, production and sale of components, integrated systems and modules for the automotive industry, mainly for CO2 emissions reduction. Valeo ranks among the world's top automotive suppliers. The Group has 110 plants, 21 Research centers, 40 Development centers, 10 distribution platforms and employs 57,300 people in 27 countries worldwide

Ibeo is a world-leading company in laser scanner technology for automotive applications. Since its foundation in 1998, Ibeo has been dedicated to the development of advanced laser measurement technology including innovative algorithms for object tracking and classification. This know-how enables Ibeo's laser scanner sensor to support all driving assistance applications up to full autonomous driving.

For more information about the Valeo Group or Ibeo activities, please visit our web site http://www.valeo.com. bzw. http://www.ibeo-as.com

SOURCE Valeo