Valeo and Safran sign a research partnership agreement in driving aid and autonomous vehicles
Paris, France, September 4, 2013 – Valeo and Safran today signed a partnership agreement to conduct research in driving aid and autonomous vehicles. In launching this research program, which is dedicated to human-machine-environment interfaces and automation, the partners aim to pool their skills and expertise to speed the development of innovative products and create new markets. This research and development alliance brings together two companies that are leaders in their respective technologies in different industries and distinct markets in the automotive, aerospace and defense sectors. It will give French industry a forefront position in assisted and self-driving/piloting solutions for automobiles, military vehicles and aircraft. In its initial phase, the program will focus on four main research areas: 1) Driver attention monitoring, leveraging the latest image recognition technology. 2) 360° visibility, using advanced imaging technology to produce wrap-around views of vehicle surroundings. These first two research projects could lead to the development of technological solutions by 2014. 3) Visibility in extreme weather to help drivers and pilots navigate in all types of weather conditions, particularly fog. 4) Vehicle robotization/dronization, to jointly develop certain technologies that will make land vehicles and aircraft more autonomous. These last two joint projects are more long-term, with completion expected between 2014 and 2016. The program is designed to involve research institutes and universities, as well as innovative SMEs.
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 123 plants, 20 research centers, 35 development centers, 12 distribution platforms and employs 73,300 people in 28 countries worldwide. In 2012, Valeo generated revenue of €11.8 billion and invested €1 billion in research and development.
For more information about the Group and its businesses, please visit our website at http://www.valeo.com Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Group has 62,500 employees and generated sales of 13.6 billion euros in 2012. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.6 billion Euros in 2012. Safran is listed on NYSE Euronext Paris and is part of the CAC40 index.
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