Mobileye's EyeQ™ vision image processor-on-a-chip will be combined with Magna Electronics' advanced camera and automatic headlamp control software in order to provide enhanced value and minimize package size. This collaboration will capitalize upon both companies' strengths in lane departure warning (LDW) and automatic headlamp control (AHC).

"We are excited to team up with Mobileye," said Francois Truc, Vice President and General Manager of Magna Electronics North America. "Together we expect to be first-to-market with this important product combination. We look forward to further collaboration with Mobileye to add other driver assistance features to our system."

"Studies show that drivers use high beams less often than is appropriate, making nighttime driving hazardous," says Professor Amnon Shashua, Mobileye Chairman and Chief Scientist. "What's particularly startling is the fact that 55% of fatal accidents in the United States are due to unintended lane departures."

The combined technologies will enhance day and night time driving.

The new integrated AHC/LDW will complement the product portfolios of both companies. Mobileye has LDW and Collision Mitigation programs scheduled to launch in 2007. Magna Electronics' has an AHC program scheduled to launch in 2007. Magna Electronics is also utilizing Mobileye's EyeQ™ in another major customer product launch scheduled for 2007.

About Magna Electronics

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About Mobileye