Mobileye Wins New Contracts for Camera-Based Active Safety Technology

Israel-based Mobileye NV says it will supply its EyeQ4 active safety chips as standard equipment on two unnamed vehicles by the end of the decade. Combined installations for the programs are expected to total in the millions of units when production peaks in 2019-2022, according to the company.

The camera-based EyeQ4 sensors are used in adaptive cruise control, lane departure warning, forward collision control, automatic braking and to recognize pedestrians, objects and traffic signs. Mobileye also is developing the technology for self-driving vehicles.

The company installed more than 800,000 EyeQ4 sensors in new vehicles during the first quarter of 2015, pushing the total in service to more than 6 million. The company says it is now working with 13 carmakers on autonomous vehicle programs, up from eight a year ago.

Founded in 1999 by Ziv Aviram and Amnon Shashua, a researcher in artificial intelligence and machine vision at Hebrew University in Jerusalem, Mobileye raised $890 million as part of its initial public stock offering last summer.