AND ANNOUNCES AGREEMENT WITH CYCLOMEDIA WITH FOCUS ON AUTOMOTIVE SECTOR
(Thomson Reuters ONE) -
Capelle aan den IJssel, the Netherlands - 7 April 2016 - AND today announced a
licensing agreement with CycloMedia. This empowers AND's capability to deploy
data generated by cars in its digital maps, starting with a pilot project in
2016. This enhances AND's growth prospects in the automotive sector, which is
on the brink of new developments driven by technology and an important user of
digital maps.
Within this license agreement CycloMedia makes data available to AND. With this
data AND will pilot the ability to automatically derive a high definition
attribution database to attribute its navigation maps in a cost effective
manner. Such an ability is relevant to current developments in the automotive
sector towards the self-driving car.
AND already uses anonymized user-generated GPS traces to update and enrich its
digital maps. By adding data like traffic signs, from sensor technologies inside
the car and image recognition techniques, AND will be able to automatically and
continuously enrich and update its maps to an unprecedented completeness,
accuracy and reliability.
In addition, AND is happy to announce that it has been enrolled as a member of
ADASIS, a platform for car manufacturers and map makers to standardize interface
between in-vehicle ADAS (Advanced Driver Assistance Systems) applications and
map data sources. Partners of ADASIS include car manufacturers (like BMW,
Daimler, FORD, Honda, Renault, Toyota, Volkswagen and Volvo) and map makers
(like HERE and TomTom). See adasis.org for more info.
AND CEO Hugo van der Linde: "The agreement with CycloMedia, and the consequent
pilot, is an important step in the further development of the offering of our
company and its innovative approach to developing digital maps. Since some time
we are investigating opportunities in the automotive sector and this pilot is a
logical step. We do have a high-quality product and structural coverage of
important regions like North America and Europe in place, due to targeted
investments in the past years. Our robust financial position enables us to fund
the involved investments, while large international companies have recognized
our position, given the two large contracts awarded to us in the last period."
This is an English translation of the Dutch press release. In the event of any
disparity between the Dutch original and this translation, the Dutch text will
prevail.
Note for editor, not for publication.
For further information please contact Hugo van der Linde on 0031-10-8851200 or
go to www.and.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: AND International Publishers via GlobeNewswire
[HUG#2001289]
Unternehmensinformation / Kurzprofil:
Datum: 07.04.2016 - 07:30 Uhr
Sprache: Deutsch
News-ID 462456
Anzahl Zeichen: 3385
contact information:
Town:
Capelle a/d Ijssel
Kategorie:
Business News
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