MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: QUALCOMM, Inc.
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Veoneer and Qualcomm to Power Next Generation ADAS and Autonomous Driving Systems - Qualcomm Technologies intends to make this integrated SoC and software stack platform available to global automakers and Tier-1 suppliers [NYSE: VNE] [SSE: VNE SDB] - Veoneer.com / Qualcomm.com
Veoneer and Qualcomm to Power Next Generation ADAS and Autonomous Driving Systems

 

NewswireToday - /newswire/ - San Diego, CA, United States, 2020/08/28 - Qualcomm Technologies intends to make this integrated SoC and software stack platform available to global automakers and Tier-1 suppliers [NYSE: VNE] [SSE: VNE SDB] - Veoneer.com / Qualcomm.com. NASDAQ: QCOM

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Tracking / Navigation Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Automotive technology company Veoneer, Inc. and Qualcomm Technologies, Inc. have decided to collaborate on the delivery of scalable Advanced Driver Assistance Systems (ADAS), Collaborative and Autonomous Driving (AD) solutions powered by Veoneer’s next-generation perception and driving policy software stack and Qualcomm® Snapdragon Ride™ ADAS/AD scalable portfolio of System on a Chip (SoC), and Accelerators. This ranges from L1 to L4 systems uniquely designed to create an open platform for Tier-1 suppliers and Automakers.

Designed to address the growing complexities associated with developing advanced driver-assistance systems (ADAS), including safety compliance, the integrated software and SoC platform aims to address the growing needs of the automotive ecosystem for scalable and upgradable solutions, which require highly advanced and power-efficient compute, connectivity and cloud service capabilities across all vehicle tiers.

This platform will integrate Veoneer’s fifth generation perception software and driving policy software with the current and future Snapdragon Ride portfolio.

Qualcomm Technologies intends to make this integrated SoC and software stack platform available to global automakers and Tier-1 suppliers.

Veoneer will serve as a Tier-1 system integrator for the new solution, while continuing its current strategies, which include developing, selling and launching its full line of ADAS and Collaborative Driving products and systems.

The open and programmable platform that both companies intend to develop will be designed to create alternatives for automakers and Tier-1s for more customization opportunities while also charting a course for next-generation automotive architecture evolution. The companies expect the integrated platform to be available through automotive Tier-1 suppliers or directly to OEMs for 2024 vehicle production.

Veoneer’s software stacks are automotive grade solutions designed to meet the requirements of automakers, regulators and rating agencies globally. It has received top performance ratings and enabled automakers to achieve 5-star safety ratings for European New Car Assessment Program (Euro NCAP) in 2018 and 2020. The companies plan to launch a state-of-the art automotive grade, functional safety compliant and optimized platform, which will include a full range of optimized NCAP features and up to hands-free driving on highways and slow-moving traffic. The platform will be continuously upgradeable through over the air updates.

The next generation software stack will be developed in a dedicated organization within Veoneer.

Earlier this year, Qualcomm Technologies announced its latest addition to the company’s growing portfolio of automotive products with the new Qualcomm® Snapdragon Ride™ platform. Snapdragon Ride is designed based on the Qualcomm® Snapdragon™ family of automotive system-on-chip (SoC) and accelerator products, which are built on scalable and modular heterogenous high-performance multi-core CPUs for planning and decision making, energy efficient AI and computer vision (CV) engines, industry-leading GPU for high-end visualization, image signal processors for camera sensors and dedicated safety and security subsystems. The integrated platform with Veoneer’s software stack will be built on the scalable Snapdragon Ride roadmap, offering industry-leading scalability from L1 ADAS to L4 Autonomous Driving SoC and Accelerator products that leverage Qualcomm Technologies’ leadership in heterogeneous compute, leading process technology, low power and higher performance automotive semiconductors.

The parties have signed a non-binding letter of intent and expect to finalize a definitive agreement during second half of 2020.

“We are pleased to work with Qualcomm Technologies to develop next generation solutions for ADAS and collaborative and autonomous driving. Working with a recognized leader like Qualcomm Technologies, using their ground-breaking Snapdragon Ride products, provides us the remaining piece of the puzzle. This relationship not only strengthens our product portfolio, but also broadens our go-to-market position and opportunities, while giving customers more ways to access world-leading technology,” said Jan Carlson, Chairman, President & CEO, Veoneer.

“There has been a growing desire within the automotive ecosystem to have a full SoC and Stack solution that can scale from the entry tier of active safety systems to higher-end automated driving solutions. Combining our best-in-class product roadmap of integrated automotive platforms, which supports broader functionalities like 5G/4G, telematics and infotainment, with Veoneer’s proven software stack for perception and driving, creates a unique offering to support this need. Qualcomm Technologies remains committed to offering high performance and advanced automotive solutions for all vehicle tiers and levels and we look forward to working with an industry pioneer like Veoneer to accelerate innovation to deliver comprehensive systems,” said Cristiano Amon, President of Qualcomm Incorporated.

Live conference call
Veoneer & Qualcomm will arrange a 30 minute Live conference call on August 27 at 16:00 CET / 7:00 am. PST.
A link to the live call will be available on Veoneer’s website.

For more information please contact:
Thomas Jönsson, EVP Communications & IR
T: +46(0)8 527 762 27 - E: Thomas.jonsson[.]veoneer.com.

Ray Pekar, VP Investor Relations
T: +1 248-794-4537 - E: ray.pekar[.]veoneer.com.

About Veoneer

Veoneer, Inc. (veoneer.com) is a worldwide leader in automotive technology. Our purpose is to create trust in mobility. We design, manufacture and sell state-of-the-art software, hardware and systems for occupant protection, advanced driving assistance systems, and collaborative and automated driving to OEMs globally. Headquartered in Stockholm, Sweden, Veoneer has 7,100 employees in 13 countries. In 2019, sales amounted to $1.9 billion. The Company is building on a heritage of close to 70 years of automotive safety development.

About Qualcomm

Qualcomm (qualcomm.com) is the world’s leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. We bring the benefits of mobile to new industries, including automotive, the internet of things, and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.

Safe Harbor Statement: This 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 those that address activities, events or developments that Veoneer or its management believes or anticipates may occur in the future, including the transaction and business contemplated by the non-binding agreement with Qualcomm Technologies. All forward-looking statements are based upon our current expectations, various assumptions and/or data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis 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 which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions, fluctuations in the global automotive market, our ability to complete the transaction contemplated by the non-binding agreement with Qualcomm Technologies, which is subject to the negotiation and documentation of definitive agreements, the development of the software and integrated platform contemplated by the non-binding agreement and the impact of COVID-19 on the Company’s financial condition, business operations and liquidity. For any forward-looking statements contained 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 update publicly or revise any forward-looking statements in light of new information or future events, except as required by law.

Qualcomm, Snapdragon, and Snapdragon Ride are trademarks or registered trademarks of Qualcomm Incorporated.
Qualcomm Snapdragon and Qualcomm Snapdragon Ride are products of Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm Contact: Mauricio Lopez-Hodoyan - Investor Relations
P: +1 858-658-4813 - E: ir[.]qualcomm.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Tracking / Navigation Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: QUALCOMM, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Tracking Navigation - Purchase keywords tags asset tracking, fleet management / Banner Ads!.

 
  Your Banner Ad showing on ALL
Tracking / Navigation articles,
CATCH Visitors via Your Competitors Announcements!


Veoneer and Qualcomm to Power Next Generation ADAS and Autonomous Driving Systems

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Pete Lancia - Qualcomm.com 
858-845-5959 corpcomm[.]qualcomm.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any QUALCOMM, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Tracking / Navigation via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From QUALCOMM, Inc. / Company Profile


Read Tracking / Navigation Most Recent Related Newswires:

atlatec and Applus+ IDIADA Partnership Results in 330 Kilometers Scanned Catalan Roads and a Sample Set
Thales Alenia Space will Provide the IRIS Altimeter for the Copernicus CRISTAL Mission
Silicon Review Chooses PlateSmart as One of 50 Best Companies to Watch
PlateSmart Chosen to Replace Hundreds of Rekor/OpenALPR Installs Across Western PA
Global Tech Company NTT Selects PlateSmart as Vehicle Recognition Vendor
Bruker Introduces Novel NMR Technologies and Lab Productivity Software At ENC 2020
PlateSmart Recognized with Fifth Govies Award
PlateSmart ALPR and Vehicle Recognition Solutions Drive ROI for Retailers by Preventing Theft
PlateSmart LPR Evolves to Vehicle DNA Solution and Continues to Help Secure the Film Industry via Vehicle Recognition
PlateSmart Technologies Introduced Powered by PlateSmart™
PlateSmart will Unveil the Latest PlateSmart LPR Solutions At GSX 2019
Eurotech will Provide Passenger Counters for The Grand Paris Express Metros
ALPR Provider Earns Milestone Gold Partner Classification
Arachnys and BAE Systems Partner to Provide Streamlined Compliance Investigations and Accelerate Client Onboarding
ABB Turbocharging Launches Intelligent Engine Performance Software for Fleet-wide Use

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)