Tag Archives: AUT

PR Newswire

Senmiao Technology Announces Signing of Agreement for Additional Online Ride-hailing Vehicle and Driver Resources in Guangzhou

Leave a comment

CHENGDU, China, Sept. 27, 2022 /PRNewswire/ — Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS), a financing and servicing company focusing on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced that its wholly owned subsidiary Chengdu Xixingtianxia Technology Co., Ltd. (“XXTX”) has signed an agreement with Guangzhou Baishi Haoyun Automobile Leasing Services Ltd. (“Baishi Haoyun”), a leading automobile leasing company that has operated locally in Guangzhou for 20 years.

Similar to the recently announced agreement with Chengdu Rongcheng Yueda Technology Ltd., Baishi Haoyun will utilize Senmiao’s online ride-hailing platform to provide ride-hailing services by appointment in Guangzhou, using its own vehicle and driver resources while remaining in compliance with relevant regulations. Baishi Haoyun will be responsible for the management services of its own drivers. Senmiao will assign online ride orders to Baishi Haoyun’s drivers and provide real-time information including service types and prices. Senmiao will pay commission fees to Baishi Haoyun on a monthly basis, which are based on fares collected from customers. The partnership commenced in August 2022 for a term through August 2, 2023, subject to agreement renewal or early termination.

Xi Wen, Senmiao’s Chairman and Chief Executive Officer stated, “We are excited to announce our cooperation with Baishi Haoyun, an established company that possesses a competitive advantage in Guangzhou with its 20 years of local operating history. Guangzhou is one of the key cities in which Senmiao has an opportunity to increase its market share, and we feel we are well positioned to serve a larger population in this city with the support of vehicles and drivers from Baishi Haoyun.”

About Senmiao Technology Limited

Headquartered in Chengdu, Sichuan Province, Senmiao provides automobile transaction and related services including sales of automobiles, facilitation and services for automobile purchases, financing, management, operating leases, guarantees and other automobile transaction services as well as operates its own ride-hailing platform aimed principally at the growing online ride-hailing market in Senmiao’s areas of operation in China. For more information about Senmiao, please visit: http://www.senmiaotech.com. Senmiao routinely provides important updates on its website.

Cautionary Note Regarding Forward-Looking Statements 

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements (including those relating to the operation of Senmiao’s ride-hailing platform) are subject to significant risks, uncertainties and assumptions, including those detailed from time to time in the Senmiao’s filings with the SEC, and represent Senmiao’s views only as of the date they are made and should not be relied upon as representing Senmiao’s views as of any subsequent date. Senmiao undertakes no obligation to publicly revise any forward-looking statements to reflect changes in events or circumstances. 

For more information, please contact:

At the Company:

Yiye Zhou

Email: edom333@ihongsen.com

Phone: +86 28 6155 4399

Investor Relations:

The Equity Group Inc.                                                                       In China

Carolyne Sohn, Vice President                                                        Lucy Ma, Associate

+1 415-568-2255                                                                             +86 10 5661 7012

csohn@equityny.com                                                                       lma@equityny.com

© 2022 Senmiao Technology Ltd. All rights reserved.

Cision View original content:https://www.prnewswire.com/news-releases/senmiao-technology-announces-signing-of-agreement-for-additional-online-ride-hailing-vehicle-and-driver-resources-in-guangzhou-301633835.html

PR Newswire

Geek+ provides smart automation to heating, ventilation, and air conditioning specialist OEG

Leave a comment
  • 153 Geek+ P800 picking robots cover 15,000m2 of OEG’s warehouse and handle specialized shelving units unique to OEG’s product lines
  • Geek+ implemented the solution in just three months with no interruption to OEG’s operations

HESSISCH OLDENDORF, Germany, Sept. 22, 2022 /PRNewswire/ — Geek+, the global leader in autonomous mobile robots, has deployed over 150 goods-to-person robots at OEG’s warehouse in northwestern Germany. The solution Geek+ developed for OEG, which uses P800 picking robots and custom-made shelving, was implemented in just three months without any interruption to OEG’s operations.

The OEG warehouse in Hessisch Oldendorf stores over 80 000 different spare parts and accessories for heating, ventilation, and air conditioning (HVAC) systems and supplies wholesalers and manufacturers in Germany, as well as international markets. OEG has a wide array of specialized products that require unique storage solutions. The company has designed shelves that match SKUs of all sizes to the greatest possible extent. The unique nature of these specialized storage units posed no obstactle for Geek+’s flexible autonomous mobile robots, with 15,000m2 of the site now operated by the fleet of Geek+ AMRs.

Geek+’s engineers studied the operations within OEG’s warehouse and devised an implementation program that caused a minimum of disruption to the site’s processes and operations. Despite the introduction of revolutionary automation technology, virtually no changes in material flows was necessary. As a result, the solution was implemented in phases without disruption to OEG’s business, and was fully operational in just three months.

Markus Schellinger, VP of Solutions at Geek+, said: “We were able to take our flagship goods-to-person system and easily adapt it to OEG’s business in record time and with no business interruption. P800 robots are just about the most robust and standardized solution that can be found today, and we are proud to have been selected by OEG to modernize their operations.”

Benjamin Löffeld, Project Manager at OEG, said: “In order to scale our business and manage rising operational costs, we turned to flexible automation with Geek+ instead of traditional methods. We are extremely pleased with how quickly they got the system up and running and how smoothly the AMRs were integrated into our warehouse.”

OEG is now ready to provide their growing client base with world-class speed and quality service. Geek+ is capable of adding even more robots to handle an even greater volume of orders as OEG’s business continues to grow.

About Geek+  

Geek+ is a global technology company leading the intelligent logistics revolution. We apply advanced robotics and AI technologies to realize flexible, reliable, and highly efficient solutions for warehouses and supply chain management. Geek+ is trusted by over 500 global industry leaders and has been recognized as the world leader in autonomous mobile robots. Founded in 2015, Geek+ has over 1500 employees, with offices in Germany, the United Kingdom, the United States, Japan, South Korea, Mainland China, Hong Kong SAR, and Singapore. 

For more information, please visit: https://www.geekplus.com/ 

Cision View original content:https://www.prnewswire.com/news-releases/geek-provides-smart-automation-to-heating-ventilation-and-air-conditioning-specialist-oeg-301630042.html

PR Newswire

An unusual diagnostic experience with MUCAR CDE900

Leave a comment

LOS ANGELES, Sept. 21, 2022 /PRNewswire/ — With the rapid development of automobile electronization, the mechanical and electrical integration of diagnostic products is becoming more and more obvious. While we try our best to improve the function of the car through electronic control system, the difficulty of fault diagnosis is becoming more and more difficult. To improve maintenance quality and efficiency, the company proudly present the MUCAR CDE900, a new generation of diagnostic device.

MUCAR CDE900
MUCAR CDE900

MUCAR CDE900 is a very powerful device. It has 4-inches large touchscreen, whereas other OBD devices on the market normally have very small screens.  The CDE900 can be performed directly on the screen and switched on the display format of data display at the same time, including compact option, magnification option, curve graph option. The running speed is nearly 30% faster than other traditional OBD devices’. There is also a set of physical buttons below the screen, which is easy to use while wearing gloves.

MUCAR CDE900 supports fault codes reading of engine, EGR system, oxygen sensor, oil system, catalytic converter, and emission controller, etc. Android 6.0 intelligent system ensures the rapid and stable system running. It adopts 2G memory and 16G storage with extended SD card up to 256G. Common fault codes can be quickly read by just one-key click. The fault codes will be classified by colors and users can choose the different data to compare. Such visualized data changing provides an accurate reference.

What’s more, while connecting with WiFi, users can send all vehicle diagnostic information and diagnostic results by email to professional mechanics for technical help. Lifetime free OTA upgrade saves a lot of fees in the future and eliminate problems in downloading, transferring and installing. MUCAR CDE900 supports 16 languages, communication protocol optimization. It is compatible with vehicles after 1996. Users can even pay for an advanced package on the MUCAR CDE900 to unlock more system features.

The MUCAR CDE900 achieves a superior standard in both appearance and function. It is currently available on AliExpress, Ebay and other e-commerce platforms. The MSRP is $49.

https://www.ebay.com/itm/314129664124

Contact: service@mucar.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/an-unusual-diagnostic-experience-with-mucar-cde900-301628360.html

PR Newswire

TIER IV to Start Mass Production of Automotive HDR Cameras for Autonomous Driving Applications and Sales through Five Distributors

Leave a comment

TOKYO, Sept. 20, 2022 /PRNewswire/ — TIER IV, an open source autonomous driving startup, is pleased to announce that it will start mass production of new Automotive HDR Cameras optimized for autonomous driving applications in October 2022. Sales targeting a wide range of customers in the market will be consigned to five distributors: Aisan Technology, ASMEC, Okaya & Co, PALTEK CORPORATION and Ryoden Corporation.

Background

Camera technology plays a crucial role in advanced driver assistance systems and Level 2 autonomous driving systems. It is also indispensable for the invention of Level 3 and Level 4 autonomous driving systems.

TIER IV has been engaged in the development of automotive cameras that outperform standard vision cameras in autonomous driving systems by applying extensive knowledge and advanced software design know-how acquired through a number of international flagship projects. Tests conducted for more than a year on this newly developed camera have demonstrated outstanding performance with regard to object detection and scene understanding in particular, which has ushered in its use as a standard camera for autonomous vehicles. TIER IV has been receiving many inquiries about its possible use not only in the area of autonomous driving but also for various purposes such as autonomous mobile robots, security and surveillance systems.

Product features

In addition to image quality, this camera boasts superb performance compared with existing commercially available cameras. TIER IV also offers an extensive array of support that will enable users to easily develop applications on their own.

Image Quality Features

High dynamic range (HDR)

–  Enables users to get images without blown out highlights or crushed shadows even in high-contrast scenes with high dynamic range of up to 120dB

High sensitivity and low
noise

–  Suppress noise even in low-light environments for high-quality images 

LED flicker mitigation

–  Mitigates flicker caused by LED traffic lights that have become more common in recent years

Other Features

Optical design and pre-shipment adjustments

 

–  Uses only high-quality automotive lenses that minimize defocusing owing to temperature changes

–  The lens is fixed by enabling high-precision adjustment of the focal position as well as the center, rotation and tilt of the lens and the image plane using a five-axis active alignment system. Additional work such as individual focal adjustment is not necessary because the camera is shipped while uniformly maintaining high optical performance.

Built-in image signal processor (ISP)

–  As the built-in ISP is capable of white balance adjustment and HDR rendering, processing load on the host side is reduced.

–  Supports various kinds of correction including lens distortion correction 

External synchronization function

–  Enables shutter control according to synchronization signals from the host (supports synchronization by FSYNC signals based on GMSL2 protocol)

Superior environmental durability

–  Guaranteed operating temperature range: ‒40°C to 85°C

–  Waterproof and dustproof performance equivalent to IP69K

Maintenance of automotive quality

 

–  Uses parts that meet AEC standards (Q100, Q101, and Q200)

–  Automotive grade manufacturing management is ensured and shipment inspections are conducted, both of which conform to IATF16949 and ISO26262 standards.

Support Features

Driver support

 

–  Supports Linux Kernel Driver (supporting major Jetson products manufactured by NVIDIA, ROScube-X manufactured by ADLINK Technology, and other industrial ECU products)

–  Supports ROS1/ROS2 Driver

Image quality adjustment

–  Image processing parameters adjusted on the basis of data from diverse practical environments such as public road tests, and simple image quality adjustment via API is also supported.

Connectivity with Autoware*

–  Enables smooth cooperation with camera-based recognition functions included in Autoware and Web.Auto, the development and application platform offered by TIER IV.

* Autoware is a registered trademark of the Autoware Foundation.

Future Development

In the future, in order to respond to a wide range of customer needs, TIER IV will commercialize a GMSL2-USB3 conversion kit so that customers can use this camera through a USB connection just like conventional Web cameras. The company will also add to its product lineup a new 5.4 megapixel high-definition model (C2) that uses Sony’s IMX490 CMOS image sensor. Furthermore, TIER IV is developing autonomous driving system development kits that are integrated with LiDARs and ECUs. By providing these products to the market, the company will step up initiatives to realize its vision “The Art of Open Source, Reimagine Intelligent Vehicles.”

Product Website
https://sensor.tier4.jp/automotive-hdr-camera

Business Inquires
email: camera@tier4.jp

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/tier-iv-to-start-mass-production-of-automotive-hdr-cameras-for-autonomous-driving-applications-and-sales-through-five-distributors-301626125.html

Source: TIER IV, INC.

PR Newswire

StradVision Wins AutoSens 2022 Gold Award for Perception Software

Leave a comment
  • This is the second year in a row where StradVision’s SVNet deep-learning based camera perception software has been honored as a top prize winner of the industry

SEOUL, South Korea, Sept. 19, 2022 /PRNewswire/ — StradVision, an AI-based video perception  technology company for Autonomous Vehicles and ADAS, is honored to announce that its SVNet software was once again selected as the ‘Best-in-Class Software for Perception Systems’ during the 2022 AutoSens Awards in Brussels, Belgium.

StradVision Wins AutoSens 2022 Gold Award for Perception Software
StradVision Wins AutoSens 2022 Gold Award for Perception Software

The AutoSens Awards have become one of the industry’s leading events for the ADAS and autonomous vehicle technology community, recognizing the most innovative companies and products leading the global autonomous driving industry. StradVision’s Gold Award selection was made during this year’s award ceremony held on September 13. The company’s SVNet was recognized for the second year in a row regarding its deep learning-based camera perception software that continues to mature within the automotive space and accelerate the ADAS and autonomous driving sector forward. StradVision’s Dean Kim (Vice President of Business Development) and Andreas vom Felde (General Manager & Head of Sales Region Europe) were in event attendance to accept the award.

“This high recognition by AutoSens for the second year is a tremendous honor for our company,” said Junhwan Kim, CEO of StradVision. “Our goals have been very ambitious for business growth and innovation, and this year has brought many milestone moments for us. AutoSens’ Gold Award for our SVNet perception software will continue our motivation as we pursue more ways to advance autonomous driving and ADAS solutions for the global community.”

“We’ve experienced exponential business growth and recognition from the global community over the past year,” said Dean Kim, StradVision’s Vice President of Business Development. “Seeing our SVNet software selected once again by AutoSens this year is incredible and we believe further spotlights the potential our perception solutions can bring for OEMs and Tier-1s in the automotive industry worldwide.”

StradVision’s SVNet is state-of-the-art software that powers the perception technology behind ADAS and autonomous vehicles, enabling external vehicle perception via 14+ platforms across Qualcomm, Texas Instruments, Renesas, NVIDIA and other chipset makers to accurately and safely detect and recognize objects (even in poor lighting or harsh weather conditions), such as other vehicles, lanes, pedestrians, animals, free space, traffic signs, and lights.  SVNet was the first network to run deep learning-based object detection software on TDA2x, R-car V3H, V3M, and H3, and now also provides deep neural network across Snapdragon Ride, Orin, Jacinto, R-car series and Ambarella CV series. Other StradVision products include SVNet Tools, which removes the need to have a large team spending hundreds of hours correcting objects with the risk of human error.

About StradVision

Founded in 2014, StradVision is an automotive industry pioneer in AI-based vision processing technology for Advanced Driver Assistance Systems (ADAS). The company is accelerating the advent of fully autonomous vehicles by making ADAS features available at a fraction of the market cost compared with competitors. StradVision’s SVNet is being deployed on various vehicle models in partnership with OEMs and powers ADAS & Autonomous Vehicles worldwide and is serviced by over 300 employees in Seoul, San Jose, Detroit, Tokyo, Shanghai, Friedrichshafen, and Dusseldorf. StradVision has been honored with the Gold Award at the 2021 and 2022 AutoSens Awards for Best-in-Class Software for Perception Systems, and the 2020 Autonomous Vehicle Technology ACES Award in Autonomy (Software Category). In addition, StradVision’s software is certified to the ISO 9001:2015 for Quality Management System and ISO 26262 for Automotive Functional Safety.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/stradvision-wins-autosens-2022-gold-award-for-perception-software-301626973.html

PR Newswire

2022 Vehicle Displays & Interfaces Symposium and Exhibition Features Head-Up Displays and Other Human/Machine Interface Advances

Leave a comment

DETROIT, Sept. 9, 2022 /PRNewswire/ — The Metropolitan Detroit Chapter of the Society for Information Display (SID) has announced that the 29th Annual Vehicle Displays & Interfaces symposium and exhibition will take place Tuesday and Wednesday, September 27 and 28, 2022, in Detroit, Michigan. Registration and hotel reservations are now open. This year the conference takes place in a new location, the Sheraton Detroit Novi Hotel.

The annual symposium is designed for the sharing of information among designers, engineers, scientists, technologists, researchers, and system integrators of land, air, sea, and space vehicle displays and display components. Vehicle Displays & Interfaces has become the primary venue for information exchange among experts in the automotive display industry.

“We’re excited to be presenting so many vehicle display innovations this year,” says Silviu Pala, chair of the Vehicles & Interfaces Symposium and Exhibition, “particularly in the areas of head-up displays and new display solutions for both auto interiors and exteriors. Last year marked our return to an in-person show, and we are pleased to report that this year, paper submissions have increased by 45% and exhibits by 29%.”

The 2022 technical program features presentations from the global display, HMI, vehicle systems, photonics, academic, and vehicle OEM communities. Peer-reviewed papers will provide in-depth knowledge and insights on the latest scientific advances, most recent breakthroughs, and potentially revolutionary applications. Symposium session topics include New Display Solutions; Display Metrology; Touch HMI and Driver Interface; Head-Up Displays; and Display Systems and Lighting.

Other highlights include a keynote address from Andrew Poliak, Chief Technology Officer of Panasonic Automotive Systems, and a tutorial on holographic windscreen displays from representatives of both Ceres Holographics and Texas Instruments.

The event’s popular automotive-focused market session will be chaired by Silviu Pala, who is from Automotive Display, and also by Michael Boyd from Yazaki North America. Expert market analysts who will speak include Kyle Davis of IHS Markit, Jennifer Colegrove of Touch Display Research, Inc., Bob O’Brien of Display Supply Chain Consultants, and You Xiang Wu of Omdia Research.

Last but not least, there will be an exhibition featuring companies from the vehicle display industry, with a block of time dedicated to exhibitor presentations.

Links:
To review the symposium program and exhibitor list, go to www.VehicleDisplay.org
To register, go to www.VehicleDisplay.org
To secure an exhibitor booth, contact Danielle Rocco at drocco@pcm411.com.

About SID Vehicle Displays & Interfaces Detroit Symposium and Exhibition:
Vehicle Displays & Interfaces is presented by the Metro-Detroit Chapter of SID (Society for Information Display) www.SID.org. By exclusively focusing on the advancement of electronic display and visual information technologies, SID provides a unique platform for industry collaboration, communication and training in all related technologies while showcasing the industry’s best new products. The organization’s members are professionals in the technical and business disciplines that relate to display research, design, manufacturing, applications, marketing and sales.

PR Newswire

VIOFO New Arrival A229 Duo 2K+2K Front and Rear Dashcam

Leave a comment

SHENZHEN, China, Sept. 4, 2022 /PRNewswire/ — Since 2011, VIOFO has always been striving to enhance the image quality of dash cameras, covering all three channels, front+interior+rear. It is well known that the T130-3CH released last year greatly improves its night vision for interior recording enhanced by the newly adopted OV image sensor integrating ultra low light and near infrared technology. This year VIOFO has reached new heights in A229 Duo rear camera’s resolution. As the upgraded version of the A129 series, this newly released A229 Duo dashcam innovatively features up to Quad HD 2K high resolution rear cam, the highest so far in the market for rear recording to give enhanced driving safety protection from both front & behind. What else is built into this newly released dashcam? Check full details as below.


2K+2K Front & Rear QHD Recording

A229 Duo supports Quad HD 1440P30fps front + Quad HD 1440P30fps rear recording. Some drivers say that tailgaters tend to back off when they spot a rear-facing dashcam installed on the car in front of them, making the rear-end accidents less likely to happen. Now with a 2K high-res rear camera, it can easily capture license plate numbers in a rear ended accident, or provide evidence if another car is harassing behind on the road. Built-in F1.6 aperture lens and WDR technology are also of great assistance to shoot more detailed images both day and night.

2.4 Inch HD Screen

Different from the VIOFO conventional 2 inch screen, A229 Duo dash camera is built with a larger 2.4 inch HD display which delivers a more direct effortless live view and improved performance in heat dissipation and better durability. In addition to” REC”, “MIC”, “Wi-Fi”, two new LED indicators, “PWR” and “GPS”, have been added on the front panel to help drivers easily catch the status of the cam and the functions enabled.

Neat Installation with 2.8mm Slim Coaxial Cable

A229 Duo features a premium compact design utilizing 2.8mm super slim coaxial rear cable and miniature connectors for neat hidden installation, making it more user friendly for beginners. What’s more, this newly upgraded coaxial cable enables better electrocmagnetic interference reduction than traditional cable types.

USB-C Charging Cable & Power Ports

To accommodate more car models with different installations, the A229 Duo is equipped with a reversible USB-C charging cable and two USB-C power ports, one on the left side of the front cam and one on top of the GPS module. Compared to micro USB cables, USB-C cables can carry more power and reliably offer a more stable power supply.

Tips: The GPS module will function normally regardless of which power port is used for power supply.

Dual Band 5GHz & 2.4 GHz Wi-Fi

A229 Duo dashcam supports dual-band Wi-Fi options of 5GHz & 2.4GHz. Wi-Fi connection makes it quite convenient to control and check on videos on smartphone end via VIOFO App, including setup menu, live view from front and behind, playback of recorded videos, and downloading/sharing of video files.

What is worth mentioning, A229 Duo is built with upgraded 5GHz Wi-Fi connection technology providing transfer speeds up to 8MB/s, 4 times faster than traditional 2.4GHz Wi-Fi. Besides, it is compatible with more new phone models.

Intelligent Voice Notification

Configured with multiple language voice notification, A229 Duo car dash camera helps to confirm setting changes such as audio recording on/off and reminds drivers of events such as video protected and memory card errors. No worries about missing important videos as A229 Duo will alert timely if anything prevents recording.

Built-in GPS Mount

The GPS mount can track the route, speed and time data in the video file, allowing compatible viewers to display on playback. It will also keep the camera clock synchronized with GPS time so that the video files are correctly time stamped.

3 Advanced Parking Modes

The A229 Duo dashcam has three advanced parking modes, Auto Event Detection, Timelapse, and Low Bitrate Recording, which help drivers to capture full evidence during parking.

  1. Auto Event Detection:
    Automatically record for 45s when detecting moving objects or impacts during parking. Optimized with buffered function, its 45s-video recording starts 15 seconds before and ends 30 seconds after the defected event.
  2. Time Lapse Recording:
    Record a video at low frames at 1/2/3/5/10 fps and compress into a long file.
  3. Low Bitrate Recording:
    Record videos continuously at low bitrate 4MB/s with audio recorded.
    Tips: To use parking modes of A229 Duo, the VIOFO HK4 hardwire kit cable is required, whose ACC function will automatically switch A229 Duo dashcam into parking mode or normal recording.

Optional Accessories

  1. External Microphone
    The external 3.5mm jack port microphone can be used with A229 Duo dashcam to record conversations clearly during police stops and traffic incidents.
  2. HK4 Hardwire Kit
    When the engine is off, the HK4 hardwire kit will ensure continuous power for parking monitoring and provide low voltage protection for your car’s battery. What’s more, its ACC function can automatically switch between parking mode and normal recording without waiting.
  3. Circular Polarizing Lens
    The CPL (Circular Polarizing Lens) can be used to reduce reflections and glare from the window glass and road surfaces. It works in the same way as polarized sunglasses and significantly improves image quality and contrast in many situations.
  4. Bluetooth Remote Control
    The Bluetooth emergency remote control can be positioned in a convenient location allowing for safe and easy use while driving. Pressing the button will instantly lock the current video clip and image.

VIOFO Company History

Founded in 2011, VIOFO was started by two engineers aiming at providing the ultimate dash camera image quality for users worldwide.  Attributable to 10 years of perseverance and concentration, VIOFO dash cameras are now distributed in over 65 countries with millions of followers. For best customer experience, VIOFO provides direct 1-on-1 technical support and always stays ears open to feedback from both regular and professional users.   For all the latest product information and related discussions, we welcome everyone to visit our Facebook & Twitter pages: 

Facebook: https://www.facebook.com/viofo.world
Twitter: https://twitter.com/viofo
Purchase from VIOFO Official Website
Purchase from VIOFO Amazon US Store

Contact: Crystal Meng, crystalmeng@viofo.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/viofo-new-arrival-a229-duo-2k2k-front-and-rear-dashcam-301617438.html

PR Newswire

Zwipe H1 2022 results – healthy commercial momentum

Leave a comment

OSLO, Norway, Aug. 23, 2022 /PRNewswire/ —  Zwipe AS (“Zwipe” or “the company”) today announces its results for the first half 2022.

Operational highlights

  • Visa certifies Zwipe Pay Biometric Payment Card (“BPC”) Platform and issues Letter of Approval (“LoA”) to Zwipe.
  • Beautiful Card Corporation (“BCC”), TAG Systems and Inkript obtain Visa LoAs for their own card built on the Zwipe Pay platform.
  • Fraport AG, providing operational services to 31 airports globally, selected Zwipe Access as one of two solutions to test in a pilot of next generation access control solutions at Frankfurt Airport.
  • Zwipe Access platform was successfully integrated with LEGIC and HID solutions to provide seamless end-to-end biometric card-based access control security to enterprises and facilities.
  • Seven new issuers across Germany, India, the Middle East and Africa signed up with Zwipe to launch pilots.
  • Placard, the largest payment smart card supplier in Australia and New Zealand, selected the Zwipe Pay platform for delivering biometric payment cards to banks in the region.
  • Significant organizational development with Robert Puskaric joining as the new CEO in June, Danielle Glenn as the new CFO in May and Patrice Meilland as the new Chief Strategy and Product Officer in April.

Financial highlights

Review

In H1 2022, we signed seven new issuers for Zwipe Pay, from Germany to India and across the Middle East. All of them are planning pilots with our card manufacturing partners, although we have learned that pilot preparation is taking longer than previously expected. We also expanded our global delivery capabilities and market reach by signing one major SCM and onboarding two leading personalization solution providers as go-to-market (“GTM”) partners.

Zwipe is pursuing an “execution first” approach focusing on launching announced pilots. In total, seven issuer pilots are progressing with good pace and according to issuer plans. Additional pilot launches are expected in the coming quarters, with launch dates entirely dependent on issuer decisions. We are also focused on “execution first” with our SCM customers – getting all certified and ready for mass volume production. While these remain our top priorities, Zwipe continues expanding our customer and issuer pipeline – critical to our medium-term success.

In March, Zwipe completed the certification process with Visa and obtained the Visa LoA. This certification marks a major milestone towards commercialization of Zwipe Pay and was followed by Visa LoAs obtained by lead customers BCC, TAG Systems and Inkript. This list is expected to grow significantly going forward. Zwipe has successfully completed additional testing with third party laboratories that should ease additional payment scheme certifications.

It is undeniable that market takeoff of biometric payment cards has been slower than envisioned. BPC volumes deployed are expected to remain fairly low into 2023, before growing exponentially thereafter.  Zwipe is not immune to the delayed market takeoff, but our customers and partners remain committed to launching pilots and commercial propositions, even if somewhat later than originally planned. Furthermore, consumer demand for BPCs remains strong with 82% of individuals surveyed by Zwipe saying that they want their next card to be biometric and 60% saying they would consider switching to banks who offer biometric cards. Importantly, most third-party research continues to point to BPCs accounting for 15-20% of total EMV units shipped by 2030 (estimated at 3-4 billion units), highlighting just how large the market potential remains.

For Zwipe Access, we now have a healthy and growing list of opportunities within the data center and airport verticals as well as other security sensitive customer segments. The growing number of requests for Zwipe Access solutions is driven by increasing demand for stronger data privacy, higher security and better user experience. Indeed, Zwipe was recognized by Fraport, operating 31 international airports globally, as a potential provider for next generation security solutions at their airports.  Fraport’s initial trials have now been completed and they are evaluating possible next steps.

There were substantial changes in the executive management team at Zwipe during the first half, with three of the six-member C-suite newly joining the company – strengthening leadership, bringing industry expertise and positioning Zwipe well for the future.

Financial review

Zwipe reported total revenues of 0.8 mNOK during H1 2022 versus 1.4 mNOK in H1 2021. On an adjusted basis, total operating expenses increased by 13.3 mNOK to 48.4 mNOK in H1 2022 versus H1 2021.  The majority of this increase was due to personnel expenses, which increased by 9.1 mNOK to 25.9 mNOK in H1 2022 versus H1 2021. Of the 9.1 mNOK, 5.5 mNOK were one-off costs related to former executives leaving the company. The remaining increase in personnel expense is largely due to an increase in headcount by 13 people to meet the strong demand for the company’s solutions and to prepare for piloting and deployment of our card payment solutions and services.

Zwipe’s cash position remains strong, with cash and cash equivalents at 109.7 mNOK on 30 June 2022.

Total equity as of 30 June 2022 was 108.8 mNOK resulting in an equity ratio of 89%, roughly stable versus the position at the end of the first half of 2021.

The way forward

Zwipe is progressing well in many important areas even if the market for biometric payment cards is developing at a slower pace than expected. Operating expenses and headcount are not expected to increase substantially in H2 vs H1 2022 nor at the pace expected at the start of the year. Zwipe will, however, continue to invest intelligently – particularly in its people and technology.

For Zwipe Pay, second half priorities will center on pilot deployment with issuers, assisting SCMs in becoming mass production and delivery ready, and continuing to expand our customer and issuer pipeline.  Further developing the dedicated customer project management function and standardized blueprint to improve pilot execution will be a key focus during H2 2022.

Going forward, Zwipe Access is expected to contribute a larger part of revenue than previously assumed.  The pipeline for Zwipe Access is healthy and growing with prospects within the data center and airport verticals as well as other security sensitive customer segments.

Results presentation

CEO Robert Puskaric and CFO Danielle Glenn will present the H1 2022 results by webcast tomorrow, Wednesday August 24th, at 09:00 CEST.

Webcast details

Format: Webcast, Conference Call and Q&A

Language: English

Link: https://q4-emea.wavecast.io/zwipe-as/h1-2022-operational-update

Dial-in numbers:

  • Norway – +47.57.98.94.30   
  • Sweden – +46.8.505.246.90
  • Sweden – Toll-Free- +46.20.0123749
  • United Kingdom – +44.20.3481.4247
  • United Kingdom – Toll-Free- +44.800.260.6466

Participants will be required to register to view the webcast and participate in the Q&A

This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 12:15 on 27 June 2022.

About Zwipe

Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.  To learn more, visit http://www.zwipe.com.

For more information, please contact:

Danielle Glenn, CFO and Head of IR
+47 909 98 201
danielle@zwipe.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/zwipe-as/r/zwipe-h1-2022-results—healthy-commercial-momentum,c3617983

The following files are available for download:

PR Newswire

JOYNEXT Selected as One of The Leading 100 Emerging Giants in Asia Pacific

Leave a comment

NINGBO, China, Aug. 1, 2022 /PRNewswire/ — Recently, KPMG and HSBC jointly announced the 2022 Emerging Giants in Asia Pacific Report, in which the leading 100 emerging firms in the region were identified based on their future growth potential. JOYNEXT was ranked 23rd on the list, being one of the few companies in the automotive sector.

Source: Emerging Giants in Asia Pacific Report by KPMG & HSBC
Source: Emerging Giants in Asia Pacific Report by KPMG & HSBC

The report is a comprehensive analysis of 6,427 technology-focus companies in 12 Asia Pacific countries and regions, including China, India and Japan. The top 100 emerging technology companies were selected based on their superior technology, “hyper-localized” businesses, talent sustainability, mastery of logistics and supply chain operation and successful business strategy.

The Asia-Pacific region is in a period of economic transition, with an increasing number of technology companies entering the automotive sector. The transition is facilitating cross-industry convergence. In the midst of this trend, JOYNEXT has also built ecological cooperation with many large technology companies, with the aim of jointly addressing the challenges and opportunities in the new era.

After years of development, JOYNEXT is taking a leading position in the industry in terms of smart connectivity technologies and the intelligent cockpit, and well positioned to provide autonomous driving and software services to meet more demands in the future. In 2021, JOYNEXT’s 5G+C-V2X technology went into mass production. Following the rapid development of vehicle-road collaboration, JOYNEXT quickly expanded the application of its V2X products into global markets, and was nominated by many major international OEMs. In response to the emergence of software-defined vehicles, JOYNEXT has created multiple domain fusion solutions, empowering a new generation of intelligent cockpits with autonomous driving and software services to improve human-machine interaction experience and safety.

JOYNEXT serves customers in different regions with its developing technologies and global operations. At present, JOYNEXT owns and operates 4 R&D centers, 3 production facilities and 7 customer centers worldwide, meeting the personalized needs of customers with localized expertise.

A smart mobility industry is gradually emerging. In order to achieve sustainable development, JOYNEXT has made substantial progress in both talent sustainability and technology sustainability. JOYNEXT views its highly talented workforce as the company foundation. JOYNEXT boosts talent development in all aspects through new talent development center, employee caring program and culture integration projects. JOYNEXT invests about 10% of its annual sales in R&D for long-term technologies development.

Looking forward, JOYNEXT will continue to empower connected vehicles through innovation, with the goal of creating a safer, smarter and more personalized mobility experience for drivers worldwide.

Source: JOYNEXT Technology Co.,Ltd.

PR Newswire

The Taiwanese Startup Mindtronic AI Opens the Way to the Future of Mobility With Meta-Service Ecosystem

Leave a comment

The Taiwanese start-up marks its fifth CES Innovation Award win since 2018 with its auto technology.

LAS VEGAS, July 29, 2022 /PRNewswire/ — Mindtronic AI (https://www.mindtronicai.com/), a Taiwan-based startup, unveils the world’s first Meta-Service, a biometric sensing technology that provides instant access to any visible object in the real world. This technology ushers in the future of mobility, and celebrates the company’s fifth CES Innovation Award win since 2018. Mindtronic AI will be showcasing its technology at the Taiwan Tech Arena Pavilion at 2022 CES.

Auto technology to monitor and analyze

Working with telecom companies, rental cars, and car manufacturers to deploy this new connectivity, the arrival of the Meta-Service will see the creation of a new type of data in the form of a user’s instant interest. This impacts not just the automotive industry, but also consumer behavior in general in response to advertising. 

Mindtronic AI has partnered up with V2X Network, an autonomous transaction platform for the mobility ecosystem, allowing its Meta-Service to learn drivers’ patterns via its biometric sensing technology. It precisely predicts the driver’s current interest and helps connect the Internet and local services into one combined metaverse. With its focus on activation only upon interest, users are also not at the risk of being overwhelmed.

“Originally we just made our biometric sensing technology on the road for monitoring driver’s drowsiness. Today we push it further to infer driver’s interest by analyzing their behaviors”, said Sharon Jiang, CEO of Mindtronic AI. “The service of future mobility is transformed from physical mobility to data mobility, and the car becomes more intelligent than ever to provide passenger services proactively!” 

Creating the future in flying

In addition to the Meta-Service, Mindtronic AI has been working on its automotive-grade designs built with edge-based AI deep learning for both cockpit design and sub-systems. The partnerships between the company and many automotive original equipment manufacturers (OEMs) and tier-1 suppliers in the smart cockpit and advanced driver-assistance system (ADAS) have allowed Mindtronic AI to continue refining its research and products with a view on the experiencing the future today.

The potential of a 3D immersive bio-interactive UI is clear, with Mindtronic AI’s NOAH system offering a 3D digital cluster with embedded facial recognition and driving monitoring system (DMS). This can be further enhanced with a cockpit upgraded with an AI domain controller under the DIRIGENT system, and at the center of it all is the DMX system, an ADAS that can ensure safety for all. The company is also working on Omni-Fleet, its cloud intelligence system designed for preventative safety at the fleet level.

Interested partners looking to collaborate with Mindtronic AI in the new ecosystem of the Meta-Service or its other innovations can reach out to Mindtronic AI via info@mindtronicai.com.


About Mindtronic AI 

Mindtronic AI is an A.I. partner for automobiles and provides solutions and design services in areas like in-cabin sensing, smart cockpit, ADAS, and fleet management. The company was founded in 2017, and had won CES Innovation Awards five times. In 2021, the company was also selected by the German Trade Office as the best start-up of Taiwan and one of the top-3 in Asia.  

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/the-taiwanese-startup-mindtronic-ai-opens-the-way-to-the-future-of-mobility-with-meta-service-ecosystem-301595913.html