Corporate News Blog - Autoliv Collaborates with MIT AgeLab on Research of Autonomous Vehicle Systems
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LONDON, UK / ACCESSWIRE / October 13, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Autoliv, Inc. (NYSE: ALV), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=ALV. The Company announced on October 11, 2017, that it has signed a research agreement with the Massachusetts Institute of Technology (MIT) AgeLab. The research collaboration aims to develop a semi-autonomous vehicle prototype that demonstrates the future of human-centered artificial intelligence in the automotive space. Autoliv is a worldwide leader in automotive safety systems, and through its subsidiaries, it develops and manufactures safety systems for all the major automotive manufacturers in the world. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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Autoliv stated that the mission of this research collaboration is to accelerate the development of artificial intelligence systems that understand and manage the state of the driver to create a safe and enjoyable experience in semi-autonomous vehicles. The underlying plan was to evaluate the deep learning algorithms that enable effective communication, to transfer control between human and machine. The algorithms include driver gaze, emotion, cognitive load, drowsiness, hand position, posture, among others, to fuse this information with the perception of a driving environment to create safe and reliable vehicles that drivers can trust.
Lex Fridman, from the MIT, stated that the research collaboration plans to lead in the application of state-of-the-art deep learning methods for semi-autonomous vehicle systems, in a manner that ensures the human being is the core focus of every algorithm and interface built to date. Fridman further stated that the global focus on autonomous vehicles must consider the elevated investment in the human-centered vehicle system that blend appropriate driver engagement with trusted safety and elevated mobility experience.
According to Autoliv, about 1.4 million people die in traffic fatalities every year. Hence, investments in vehicle automation, such as Advanced Driver Assistance Systems (ADAS) will increase road safety. However, Autoliv stated that the introduction of assistive technology is not enough to prevent traffic fatalities. Rather, to save more lives, a link needs to be developed between the driver and the car's intelligence. The Company finds this collaboration with leading researchers to accelerate the industry's ability to deliver future safety solutions. Also, the research data generated from the collaboration would likely be used in the development of software from Zenuity, the software joint venture of Autoliv and Volvo Cars.
Company Growth Prospects
Prior to the announcement, on September 28, 2017, Autoliv announced that it had signed an agreement to acquire certain assets of a Sweden based LiDAR specialist Company, Fotonic i Norden AB, which specializes in the design, development, and manufacture of LiDAR and Time of Flight camera. The acquisition represented a transfer of IP rights, development, and prototyping assets, and development resources of Fotonic i Norden AB including about 35 engineering experts in the respective fields. This announcement complemented the collaboration with Velodyne. The transaction is expected to close in Q4 2017 and is subject to customary closing conditions, where the acquired assets and resources would become part of Autoliv's Electronics segment.
Last Close Stock Review
At the closing bell, on Thursday, October 12, 2017, Autoliv's stock fell slightly by 0.59%, ending the trading session at $126.28. A total volume of 404.86 thousand shares have exchanged hands. The Company's stock price soared 8.23% in the last three months, 31.17% in the past six months, and 23.22% in the previous twelve months. Moreover, the stock rallied 11.60% since the start of the year. The stock is trading at a PE ratio of 19.98 and has a dividend yield of 1.90%. The stock currently has a market cap of $10.97 billion.
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