Veoneer products enable hands-off Level 3 self-driving technology

STOCKHOLM, September 6, 2021 /PRNewswire/ — The automotive technology company Veoneer, Inc. (NYSE: UNE) and (SSE: VNE SDB), is proud to contribute to the Highly Automated Driving solution in the Mercedes-Benz S-Class, equipped to provide Level 3 hands-off self-driving technology.

During the fall, Mercedes-Benz’s DRIVE PILOT system will be introduced with enhanced performance from Veoneer’s Stereo Vision and Radar products to support Level 3 self-driving driving.

Veoneer’s 4^e generation stereo vision camera system consists of fully integrated hardware and perception software to meet the challenges of highly automated driving. The stereo vision camera system uses Convolutional Neural Network (CNN) technology in combination with 3D stereo for accurate classification and positioning of objects in front of the vehicle. Features enabled by the stereo camera include lane detection, clearance, small obstacle detection, and 3D object classification. In addition, the stereo camera contributes to the detection of emergency vehicles and construction warning trailers to support level 3 driving.

Veoneer’s 77GHz radar, generation 1.2 including angle radars, provides high resolution and angular accuracy. The radar has been modified since launch to provide additional support for the HAF-Level 3 solution. Veoneer radars are an important component contributing to the spatial awareness of vehicles, which is becoming increasingly important for the HAF-Level 3 usage scenarios. Built on new algorithms, the resulting performance provides superior angular resolution enabling the Drive Pilot system to distinguish pedestrians and vehicles.

The Mercedes-Benz DRIVE PILOT system is a good example of collaborative driving; as a level 3 system, the car can take control under certain conditions, but the driver must be ready to take back control within 10 seconds.

“I am really proud of Veoneer’s contribution to Mercedes-Benz AG; our world-class products are an integral part of the Drive Pilot system, but more importantly, I am even more proud of our way of being closely integrated with our customer in a agile way, providing end users with superior features that improve operator convenience and safety,” says Jan Carlson, Chairman, President and CEO of Veoneer.

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For more information, please contact:

Thomas Jnsson, EVP Communications & IR,
[email protected], tel +46 (0)8 527 762 27

Veoneer, Inc. is a global leader in automotive technology. Our goal is to create confidence in mobility. We design, develop and manufacture state-of-the-art software, hardware and occupant protection systems, advanced driver assistance systems and collaborative and automated driving for OEMs worldwide. headquarters in Stockholm, Sweden, Veoneer has 7,500 employees in 11 countries. In 2020, the turnover amounted to $1.37 billion. The company builds on a legacy of nearly 70 years of automotive safety development. In 2018, Veoneer became an independent, publicly traded company, listed on the New York Stock Exchange (NYSE: VNE) and on Nasdaq Stockholm (SSE: VNE SDB).

Safe Harbor Statement: This press release contains statements that are not historical facts, but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements relating to activities, events or developments that Veoneer, Inc. or its management thinks or anticipates the future. All forward-looking statements are based on our current expectations, various assumptions and/or data available from third parties. Our expectations and assumptions are made in good faith and we believe there are reasonable grounds for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct, as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors that could cause actual future results, performance or performance to differ. material of the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors could cause actual results to differ materially from those set forth in forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For forward-looking statements in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to publicly update or update any forward-looking statement. to revise. -looking statements made in light of new information or future events, except as required by law.

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SOURCE Veoneer