{"id":387560,"date":"2020-11-24T08:03:36","date_gmt":"2020-11-24T13:03:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=387560"},"modified":"2020-11-24T08:03:36","modified_gmt":"2020-11-24T13:03:36","slug":"magna-brings-eyeq5-based-driver-assistance-system-to-market","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/magna-brings-eyeq5-based-driver-assistance-system-to-market\/","title":{"rendered":"Magna Brings EyeQ5-Based Driver Assistance System to Market"},"content":{"rendered":"<div class=\"mw_release\">\n<ul>\n<li style=\"margin-bottom:6pt\">One of the industry\u2019s first \u201cone-box\u201d EyeQ5 front-facing camera systems<\/li>\n<li style=\"margin-bottom:6pt\">Magna\u2019s electronics and camera expertise, Mobileye\u2019s image-processing technology<\/li>\n<li style=\"margin-bottom:6pt\">Magna ADAS systems are found on more than 250 vehicle models on the road today<\/li>\n<\/ul>\n<p>TROY, Mich., Nov.  24, 2020  (GLOBE NEWSWIRE) &#8212; A premium automaker in Europe will soon be able to offer industry-leading driver assistance features across a larger portion of its vehicle lineup, thanks to the next generation of camera-based driver assistance from Magna.<\/p>\n<p>The Magna Gen5 \u201cone-box\u201d solution is a Mobileye EyeQ5-based system \u2013 one of the industry\u2019s first where the forward-facing camera and related software are contained in a single assembly. Benefits include lower cost, simplified installation on the assembly line, and the ability for the technology to be applied to a wider range of an automaker\u2019s lineup. The system will provide drivers with safety and convenience features such as adaptive cruise control, automatic emergency braking and pedestrian detection.\u00a0<\/p>\n<p>As with previous generations, the system combines Magna\u2019s electronics and camera expertise with Mobileye\u2019s system-on-chip (SoC) image-processing technology. The camera features a 120-degree, 8-megapixel optical path, while Magna has continued to refine its world-class camera manufacturing processes to achieve the quality and volumes required of global vehicle platforms. Mobileye collaborated with Magna engineers to ensure that the EyeQ5 met and exceeded new requirements related to the launch program.<\/p>\n<p>\u201cAt Magna, our ADAS capability has been built on automotive cameras, evidenced by more than 500 U.S. patents in the last 15 years,\u201d said Uwe Geissinger, President of Magna Electronics. \u201cAs demonstrated by our long collaboration with Mobileye and the introduction of our new Gen5 system, we\u2019re constantly working to deliver innovative systems to our customers and help make vehicles safer and more enjoyable to drive.\u201d<\/p>\n<p>\u201cWe have been working with Magna on camera-based ADAS since 2007, and our collaboration continues to provide leading-edge driver-assistance features,\u201d said Erez Dagan, Executive Vice President for Products and Strategy at Mobileye. \u201cThis latest system represents a new level of performance and functionality, and we\u2019re already looking for ways to make subsequent generations even better.\u201d<\/p>\n<p>Magna provides global automakers with ADAS technologies \u2013 including the PACE Award-winning Trailer Angle Detection, Automatic Emergency Braking, and rearview object and pedestrian detection \u2013 to more than 250 vehicle models on the road today.<\/p>\n<p>TAGS<br \/>Automotive camera systems, camera-based ADAS, automotive electronics<\/p>\n<p>INVESTOR CONTACT<br \/>Louis Tonelli, Vice President, Investor Relations <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BOVVTCPTuv0qxVnc-QLl5gMKh3M0rHsspcLeG_vsCDiqwkaoa1OSQP-ZdqDEPRT8rgtYXOLA3SMgtdO38CQLHerSJdwkE1Xbch6WI6cTovs=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">louis.tonelli@magna.com<\/a>, (+1) 905.726.7035<\/p>\n<p>MEDIA CONTACT<br \/>Tracy Fuerst, Vice President, Corporate Communications &amp; PR<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=j6uWKHDXAFv9usU69uh1d30Z_lgOoZMF3QJT1ObgTeKVkMNpf7cUKJG9EFsE-Qx5aCrNTzCspAixzif6WIHmLu-e_dnQSVAMbNUYzTq0KNs=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">tracy.fuerst@magna.com<\/a>, (+1) 248.631.7004<\/p>\n<p>ABOUT MAGNA <br \/>We are a mobility technology company. We have over 157,000 entrepreneurial-minded employees, 344 manufacturing operations and 93 product development, engineering and sales centres in 27 countries. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities that include body, chassis, exteriors, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting and roof systems. Our common shares trade on the\u00a0Toronto Stock Exchange\u00a0(MG) and the\u00a0New York Stock Exchange\u00a0(MGA). For further information about Magna, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AAlCcJJY4ZH5EozJ5eNuyso5fdkxcwawcaYiPdUA2DlfbrUrc5iqcdRhxIN4Q5bQphmZ-OcsFf55dAaBHVx8zA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.magna.com<\/a>.<\/p>\n<p align=\"left\">\n        <strong>THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE \u201cFORWARD-LOOKING STATEMENTS\u201d UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA\u2019S REGULATORY FILINGS. PLEASE REFER TO MAGNA\u2019S MOST CURRENT MANAGEMENT\u2019S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA\u2019S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA\u2019S WEBSITE AT\u00a0<\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=TjOjAjyEIQHnF7TtqusP6PWWahaoVC207EmuXj5Sw5OIRde0ZIEKYbJT28aXGhEabQR-CTeO1i4JcpAKQx9swg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>WWW.MAGNA.COM<\/strong><br \/>\n        <\/a><br \/>\n        <strong>.<\/strong>\n      <\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QNh3vxBg4b5fX6dvUNLZ53zsYO224QuS5H3C4sG2hw4ci1ntDAmgda172SEo_dt1wRHm33JW3PlMPRFDgbtzSkBfVrzmGOmfHm0B_53jWG83BagJqRJaPcVPC2kR6MGxb2afPkUUok6QOhhBk80eSlwVgRIUfRWmYlatg6Up8N8jHpV978WDJZQlv24p7ZHFKKerAP91i9qtRlfUU9UJBVVbcu3ckbsR8AIjct6Hd0Cz_5jgQ1sSqU-dgmlmcy5lGxSZOCVFEYAPZUHfvXGZ6Q==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/cf925241-95aa-4512-be68-d2071c01bcb3<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MTA1MiMzODQwNzk1IzIwMDg4MTU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/726c3643-fdd1-4b23-ab2e-1fd48c22f531\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>One of the industry\u2019s first \u201cone-box\u201d EyeQ5 front-facing camera systems Magna\u2019s electronics and camera expertise, Mobileye\u2019s image-processing technology Magna ADAS systems are found on more than 250 vehicle models on the road today TROY, Mich., Nov. 24, 2020 (GLOBE NEWSWIRE) &#8212; A premium automaker in Europe will soon be able to offer industry-leading driver assistance features across a larger portion of its vehicle lineup, thanks to the next generation of camera-based driver assistance from Magna. The Magna Gen5 \u201cone-box\u201d solution is a Mobileye EyeQ5-based system \u2013 one of the industry\u2019s first where the forward-facing camera and related software are contained in a single assembly. Benefits include lower cost, simplified installation on the assembly line, and the ability for the technology &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/magna-brings-eyeq5-based-driver-assistance-system-to-market\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Magna Brings EyeQ5-Based Driver Assistance System to Market&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-387560","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Magna Brings EyeQ5-Based Driver Assistance System to Market - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/magna-brings-eyeq5-based-driver-assistance-system-to-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Magna Brings EyeQ5-Based Driver Assistance System to Market - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"One of the industry\u2019s first \u201cone-box\u201d EyeQ5 front-facing camera systems Magna\u2019s electronics and camera expertise, Mobileye\u2019s image-processing technology Magna ADAS systems are found on more than 250 vehicle models on the road today TROY, Mich., Nov. 24, 2020 (GLOBE NEWSWIRE) &#8212; A premium automaker in Europe will soon be able to offer industry-leading driver assistance features across a larger portion of its vehicle lineup, thanks to the next generation of camera-based driver assistance from Magna. The Magna Gen5 \u201cone-box\u201d solution is a Mobileye EyeQ5-based system \u2013 one of the industry\u2019s first where the forward-facing camera and related software are contained in a single assembly. Benefits include lower cost, simplified installation on the assembly line, and the ability for the technology &hellip; Continue reading &quot;Magna Brings EyeQ5-Based Driver Assistance System to Market&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/magna-brings-eyeq5-based-driver-assistance-system-to-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-24T13:03:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MTA1MiMzODQwNzk1IzIwMDg4MTU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-brings-eyeq5-based-driver-assistance-system-to-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-brings-eyeq5-based-driver-assistance-system-to-market\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Magna Brings EyeQ5-Based Driver Assistance System to Market\",\"datePublished\":\"2020-11-24T13:03:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-brings-eyeq5-based-driver-assistance-system-to-market\\\/\"},\"wordCount\":631,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-brings-eyeq5-based-driver-assistance-system-to-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5MTA1MiMzODQwNzk1IzIwMDg4MTU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-brings-eyeq5-based-driver-assistance-system-to-market\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/magna-brings-eyeq5-based-driver-assistance-system-to-market\\\/\",\"name\":\"Magna Brings EyeQ5-Based Driver Assistance System to Market - 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The Magna Gen5 \u201cone-box\u201d solution is a Mobileye EyeQ5-based system \u2013 one of the industry\u2019s first where the forward-facing camera and related software are contained in a single assembly. 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