Mobileye ($MBLY) Introduces World's First Vision-Only Intelligent Speed Assist to Meets EU Standards

SAN DIEGO, CA / ACCESSWIRE / July 18, 2023 / Mobileye (NASDAQ:MBLY), a leading producer of autonomous driving technologies, has introduced the world's first vision-only Intelligent Speed Assist (ISA) solution. Designed for automakers, this cutting-edge software helps meet new EU General Safety Regulation (GSR) standards without relying on third-party map or GPS data, and upgrades existing EyeQ4 and EyeQ6 chips with no new hardware required.

By accurately detecting speed limits, it can potentially reduce collisions by 30% and fatalities by 20%. The software's advanced features include lane-specific sign identification, handling new traffic signs, and understanding city entrances. Major auto groups will integrate it this year, with others following in 2024.

Dr. Gaby Hayon, Executive Vice President of Research and Development at Mobileye, stated: "After successfully surpassing GSR ISA standards during stringent testing, we look forward to collaborating with automakers to implement this lifesaving technology in Europe and beyond."

Mobileye is a leader of the mobility revolution with its autonomous driving and driver-assistance technologies, harnessing world-renowned expertise in computer vision, artificial intelligence, mapping, and data analysis. To date, more than 140 million vehicles worldwide have been built with Mobileye technology inside.

Shares of Mobileye trade on the NASDAQ under the ticker symbol MBLY. For more information visit www.greenstocknews.com

Source: https://greenstocknews.com/newswire/mobileye-mbly-introduces-world-s-first-vision-only-intelligent-speed-assist-to-meets-eu-standards

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