Latest news with #Mobileye
Business Wire
5 days ago
- Business
- Business Wire
MOBILEYE GLOBAL INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates Mobileye Global Inc.'s Directors and Officers for Breach of Fiduciary Duties
NEW YORK--(BUSINESS WIRE)-- Scott+Scott Attorneys at Law LLP ('Scott+Scott'), an international securities and consumer rights litigation firm, is investigating whether Intel Corporation ('Intel'), as well as the leadership of Mobileye Global Inc. ('Mobileye') (NASDAQ: MBLY), breached their fiduciary duties to Mobileye and its shareholders. Scott+Scott is investigating whether Intel, as controlling stockholder of Mobileye, as well as members of the Mobileye board of directors or senior management, failed to manage Mobileye in an acceptable manner, or enriched themselves at Mobileye's expense, in breach of their fiduciary duties to Mobileye, and whether Mobileye and its shareholders have suffered damages as a result. On January 4, 2024, Mobileye announced that it had 'become aware' of an accumulation of excess inventory with its customers, that 'lower-than-expected volumes' in the EyeQ area of its business would temporarily affect profitability and lowered its revenue guidance for 2024 accordingly. On August 1, 2024, Mobileye announced it was further reducing its 2024 revenue guidance, with the channel stuffing issue as the cause. On this news, Mobileye stock fell to $16.28/share. In June 2023, Intel, the controlling stockholder of Mobileye, sold 38.5 million shares of Mobileye at $42/share, getting over $1.6 billion in proceeds. What You Can Do – If you own shares of Mobileye, you may have legal claims against Intel, as well as Mobileye's directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at (844) 818-6982 or jpettigrew@ About Us Scott+Scott is an international law firm known for its expertise in representing corporate clients, institutional investors, businesses, and individuals harmed by anticompetitive conduct or other forms of wrongdoings, including securities law and shareholder violations. With more than 100 attorneys in nine offices in the United States, as well as three offices in Europe, our advocacy has resulted in significant monetary settlements on behalf of our clients, along with other forms of relief. Our highly experienced attorneys have been recognized for being among the top financial lawyers in 2024 by Lawdragon, WWL: Commercial Litigation 2024, and Legal 500 in Antitrust Civil Litigation, and have received top Chambers 2024 rankings. In addition, we have been recognized by the American Antitrust Institute for the successful litigation of high-stakes anticompetitive claims in the United States. To learn more about Scott+Scott, our attorneys, or complex case resolution, please visit Attorney Advertising
Yahoo
6 days ago
- Automotive
- Yahoo
Mobileye Global stock gains on contract win
-- Shares of Mobileye Global (NASDAQ:MBLY) rose more than 5% premarket on Wednesday after the company announced a contract win with a global automaker to supply its next-generation imaging radar for upcoming automated vehicles. According to a company press release, the unnamed automaker selected Mobileye Imaging Radar as a key component of its 'eyes-off, hands-off' SAE Level 3 automated driving system, scheduled to launch in personal vehicles starting in 2028. The selection follows what Mobileye described as a 'years-long evaluation' of its radar against competing technologies. 'The selection of our imaging radar by this new customer validates the groundbreaking work we undertook,' said Prof. Amnon Shashua, Mobileye's president and CEO. Developed since 2018, Mobileye's imaging radar is said to deliver high-precision environmental perception in difficult scenarios such as fog, rain, tunnels, and high-speed highway conditions. The firm adds that it is designed to detect objects up to 315 meters away, including small hazards like tires near guardrails and road users such as pedestrians and cyclists. 'After recognizing how important this sensing modality would be to autonomous driving, we built what we believe is the industry's standard for imaging radar that can deliver the safety and accuracy self-driving systems require,' added Shashua. Related articles Mobileye Global stock gains on contract win This is what matters most for today's Nvidia earnings print: Mizuho Deutsche Bank cuts PDD Holdings rating following 45% earnings decline Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
7 days ago
- Automotive
- Associated Press
Mobileye Imaging Radar Chosen by Global Automaker for Eyes-Off Driving
JERUSALEM--(BUSINESS WIRE)--May 28, 2025-- For the first time, a leading global automaker has chosen Mobileye Imaging Radar™ as a key component of its upcoming eyes-off, hands-off automated driving system in personal vehicles, following an extensive years-long evaluation of Mobileye's technology and competing systems. Starting in 2028, this new customer for Mobileye plans to use the imaging radar to deliver SAE Level 3 automated driving at highway speeds, designed to provide exceptional detection of vehicles, people and objects in conditions such as fog or rain, and at long distances, that challenge existing sensors. This press release features multimedia. View the full release here: Colored dots simulate the dense data generated by Mobileye Imaging Radar™, offering higher precision than previous systems. In development since 2018, Mobileye's 4D imaging radar was designed to provide sensor redundancy, through superior perception in challenging lighting, environmental and traffic scenarios, to complement camera-based perception at affordable costs. This is intended to enable safe and scalable autonomous driving systems, from robotaxis to consumer AVs. 'The selection of our imaging radar by this new customer validates the groundbreaking work we undertook to develop our imaging radar,' said Mobileye President and CEO Prof. Amnon Shashua. 'After recognizing how important this sensing modality would be to autonomous driving, we built what we believe is the industry's standard for imaging radar that can deliver the safety and accuracy self-driving systems require.' Existing automotive radars provide estimates of distance from an object, their rough direction on a horizontal plane and a relative velocity. Imaging radars add an additional dimension – height. Built on a breakthrough architecture, the next-generation Mobileye Imaging Radar processes the entire signal digitally — end-to-end — through a Mobileye-designed radar processor. This is intended to enable unprecedented levels of accuracy, detail, and reliability in environmental perception, strengthening the positioning of Mobileye at the forefront of autonomous driving technology. At the core of the Mobileye Imaging Radar are Mobileye-designed, radar radio-frequency integrated circuits (RFIC). These advanced components allow exceptional flexibility in signal transmission and the ability to receive and sample the entire radar signal in a wide bandwidth while keeping noise at a low level, designed to support object detection with high confidence. Those RFICs are embedded in a unique architecture where the entire radar signal is sampled and digitally processed by a dedicated proprietary processor, with exceptionally powerful computing capability of 11 TOPS. This processor can handle more than 1,500 virtual channels at a high frame rate of 20 frames per second. The massive antenna array also delivers exceptional angular resolution below 0.5 degrees and ultra-low side-lobe levels of -40 dBc, and market-leading dynamic range of 100 dB, versus 60 dB in other automotive radars. This is designed to enable the Mobileye Imaging Radar to detect small, distant objects, even in complex scenarios with large nearby vehicles such as trucks or buses, along with precise detection of small hazards like a tire near a guardrail at a far distance, critical for safe highway driving autonomously at speeds above 75 mph or 130 kph. The system works to detect road users -- pedestrians, motorcycles, and cyclists -- at up to 315 meters and identify potential hazards up to 230 meters away. Crucially, where traditional radar systems often fail, such as in tunnels, construction zones, and other complex, cluttered environments, Mobileye Imaging Radar excels. The forward-facing BSR version of the radar uses its full sensing capabilities, while a smaller BSRC version for corner-mounted use has more than 300 channels. 'Mobileye,' the Mobileye logo and Mobileye product names are registered trademarks of Mobileye Global. All other marks are the property of their respective owners. View source version on Media Contact: Justin Hyde,[email protected] KEYWORD: ISRAEL MIDDLE EAST INDUSTRY KEYWORD: SOFTWARE VEHICLE TECHNOLOGY HARDWARE DATA MANAGEMENT GENERAL AUTOMOTIVE TECHNOLOGY AUTONOMOUS DRIVING/VEHICLES AUTOMOTIVE ARTIFICIAL INTELLIGENCE AUDIO/VIDEO AUTOMOTIVE MANUFACTURING MANUFACTURING SOURCE: Mobileye Copyright Business Wire 2025. PUB: 05/28/2025 06:45 AM/DISC: 05/28/2025 06:46 AM
Business Wire
7 days ago
- Automotive
- Business Wire
Mobileye Imaging Radar Chosen by Global Automaker for Eyes-Off Driving
JERUSALEM--(BUSINESS WIRE)--For the first time, a leading global automaker has chosen Mobileye Imaging Radar™ as a key component of its upcoming eyes-off, hands-off automated driving system in personal vehicles, following an extensive years-long evaluation of Mobileye's technology and competing systems. Starting in 2028, this new customer for Mobileye plans to use the imaging radar to deliver SAE Level 3 automated driving at highway speeds, designed to provide exceptional detection of vehicles, people and objects in conditions such as fog or rain, and at long distances, that challenge existing sensors. In development since 2018, Mobileye's 4D imaging radar was designed to provide sensor redundancy, through superior perception in challenging lighting, environmental and traffic scenarios, to complement camera-based perception at affordable costs. This is intended to enable safe and scalable autonomous driving systems, from robotaxis to consumer AVs. 'The selection of our imaging radar by this new customer validates the groundbreaking work we undertook to develop our imaging radar,' said Mobileye President and CEO Prof. Amnon Shashua. 'After recognizing how important this sensing modality would be to autonomous driving, we built what we believe is the industry's standard for imaging radar that can deliver the safety and accuracy self-driving systems require.' Existing automotive radars provide estimates of distance from an object, their rough direction on a horizontal plane and a relative velocity. Imaging radars add an additional dimension – height. Built on a breakthrough architecture, the next-generation Mobileye Imaging Radar processes the entire signal digitally — end-to-end — through a Mobileye-designed radar processor. This is intended to enable unprecedented levels of accuracy, detail, and reliability in environmental perception, strengthening the positioning of Mobileye at the forefront of autonomous driving technology. At the core of the Mobileye Imaging Radar are Mobileye-designed, radar radio-frequency integrated circuits (RFIC). These advanced components allow exceptional flexibility in signal transmission and the ability to receive and sample the entire radar signal in a wide bandwidth while keeping noise at a low level, designed to support object detection with high confidence. Those RFICs are embedded in a unique architecture where the entire radar signal is sampled and digitally processed by a dedicated proprietary processor, with exceptionally powerful computing capability of 11 TOPS. This processor can handle more than 1,500 virtual channels at a high frame rate of 20 frames per second. The massive antenna array also delivers exceptional angular resolution below 0.5 degrees and ultra-low side-lobe levels of -40 dBc, and market-leading dynamic range of 100 dB, versus 60 dB in other automotive radars. This is designed to enable the Mobileye Imaging Radar to detect small, distant objects, even in complex scenarios with large nearby vehicles such as trucks or buses, along with precise detection of small hazards like a tire near a guardrail at a far distance, critical for safe highway driving autonomously at speeds above 75 mph or 130 kph. The system works to detect road users -- pedestrians, motorcycles, and cyclists -- at up to 315 meters and identify potential hazards up to 230 meters away. Crucially, where traditional radar systems often fail, such as in tunnels, construction zones, and other complex, cluttered environments, Mobileye Imaging Radar excels. The forward-facing BSR version of the radar uses its full sensing capabilities, while a smaller BSRC version for corner-mounted use has more than 300 channels. ___________________________________ Mobileye (Nasdaq: MBLY) leads the mobility revolution with our autonomous driving and driver-assistance technologies, harnessing world-renowned expertise in artificial intelligence, computer vision, mapping and integrated software and hardware. Since our founding in 1999, Mobileye has enabled the wide adoption of advanced driver-assistance systems that bolster driving safety, while pioneering such groundbreaking technologies as REM™ crowdsourced mapping, True Redundancy™ sensing, and Responsibility Sensitive Safety™ (RSS). These technologies drive the ADAS and AV fields towards the future of mobility – enabling self-driving vehicles and mobility solutions at scale, and powering industry-leading advanced driver-assistance systems. Through 2024, more than 200 million vehicles worldwide have been built with Mobileye's EyeQ technology inside. Since 2022, Mobileye has been listed independently from Intel (Nasdaq: INTC), which retains majority ownership. For more information, visit 'Mobileye,' the Mobileye logo and Mobileye product names are registered trademarks of Mobileye Global. All other marks are the property of their respective owners.
Yahoo
7 days ago
- Automotive
- Yahoo
Mobileye Imaging Radar Chosen by Global Automaker for Eyes-Off Driving
Tech breakthroughs lead to first nomination with new customer ahead of 2028 production JERUSALEM, May 28, 2025--(BUSINESS WIRE)--For the first time, a leading global automaker has chosen Mobileye Imaging Radar™ as a key component of its upcoming eyes-off, hands-off automated driving system in personal vehicles, following an extensive years-long evaluation of Mobileye's technology and competing systems. Starting in 2028, this new customer for Mobileye plans to use the imaging radar to deliver SAE Level 3 automated driving at highway speeds, designed to provide exceptional detection of vehicles, people and objects in conditions such as fog or rain, and at long distances, that challenge existing sensors. In development since 2018, Mobileye's 4D imaging radar was designed to provide sensor redundancy, through superior perception in challenging lighting, environmental and traffic scenarios, to complement camera-based perception at affordable costs. This is intended to enable safe and scalable autonomous driving systems, from robotaxis to consumer AVs. "The selection of our imaging radar by this new customer validates the groundbreaking work we undertook to develop our imaging radar," said Mobileye President and CEO Prof. Amnon Shashua. "After recognizing how important this sensing modality would be to autonomous driving, we built what we believe is the industry's standard for imaging radar that can deliver the safety and accuracy self-driving systems require." Existing automotive radars provide estimates of distance from an object, their rough direction on a horizontal plane and a relative velocity. Imaging radars add an additional dimension – height. Built on a breakthrough architecture, the next-generation Mobileye Imaging Radar processes the entire signal digitally — end-to-end — through a Mobileye-designed radar processor. This is intended to enable unprecedented levels of accuracy, detail, and reliability in environmental perception, strengthening the positioning of Mobileye at the forefront of autonomous driving technology. At the core of the Mobileye Imaging Radar are Mobileye-designed, radar radio-frequency integrated circuits (RFIC). These advanced components allow exceptional flexibility in signal transmission and the ability to receive and sample the entire radar signal in a wide bandwidth while keeping noise at a low level, designed to support object detection with high confidence. Those RFICs are embedded in a unique architecture where the entire radar signal is sampled and digitally processed by a dedicated proprietary processor, with exceptionally powerful computing capability of 11 TOPS. This processor can handle more than 1,500 virtual channels at a high frame rate of 20 frames per second. The massive antenna array also delivers exceptional angular resolution below 0.5 degrees and ultra-low side-lobe levels of -40 dBc, and market-leading dynamic range of 100 dB, versus 60 dB in other automotive radars. This is designed to enable the Mobileye Imaging Radar to detect small, distant objects, even in complex scenarios with large nearby vehicles such as trucks or buses, along with precise detection of small hazards like a tire near a guardrail at a far distance, critical for safe highway driving autonomously at speeds above 75 mph or 130 kph. The system works to detect road users -- pedestrians, motorcycles, and cyclists -- at up to 315 meters and identify potential hazards up to 230 meters away. Crucially, where traditional radar systems often fail, such as in tunnels, construction zones, and other complex, cluttered environments, Mobileye Imaging Radar excels. The forward-facing BSR version of the radar uses its full sensing capabilities, while a smaller BSRC version for corner-mounted use has more than 300 channels. ___________________________________Mobileye (Nasdaq: MBLY) leads the mobility revolution with our autonomous driving and driver-assistance technologies, harnessing world-renowned expertise in artificial intelligence, computer vision, mapping and integrated software and hardware. Since our founding in 1999, Mobileye has enabled the wide adoption of advanced driver-assistance systems that bolster driving safety, while pioneering such groundbreaking technologies as REM™ crowdsourced mapping, True Redundancy™ sensing, and Responsibility Sensitive Safety™ (RSS). These technologies drive the ADAS and AV fields towards the future of mobility – enabling self-driving vehicles and mobility solutions at scale, and powering industry-leading advanced driver-assistance systems. Through 2024, more than 200 million vehicles worldwide have been built with Mobileye's EyeQ technology inside. Since 2022, Mobileye has been listed independently from Intel (Nasdaq: INTC), which retains majority ownership. For more information, visit "Mobileye," the Mobileye logo and Mobileye product names are registered trademarks of Mobileye Global. All other marks are the property of their respective owners. View source version on Contacts Media Contact: Justin Hyde, Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
