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HELLA GmbH & Co. KGaA, DE000A13SX22

HELLA GmbH & Co. KGaA, DE000A13SX22

06.01.2020 - 14:32:06

HELLA GmbH & Co. KGaA: CES 2020: HELLA enters into development partnership with start-up for high-performance radar software

CES 2020: HELLA enters into development partnership with start-up for high-performance radar software Cooperation with US start-up Oculii to develop new radar technologies for assisted and automated driving Market launch planned for 2023 Lippstadt/Las Vegas, 6 January 2020. At the CES 2020 in Las Vegas, lighting and electronics expert HELLA and the US start-up Oculii announced a strategic partnership. The aim of the collaboration is to develop high-performance, scalable radar solutions that meet the requirements for both assisted and automated driving. In the context of the development partnership, the two companies will combine their complementary know-how and respective technological expertise. The cooperation also includes a strategic investment in Oculii, which was made by the Silicon Valley-based venture capital arm HELLA Ventures. As one of the world's leading suppliers of automotive radar sensor technology, HELLA will contribute in particular its considerable expertise and year-long experience in the development and industrialisation of radar sensors to the cooperation. The Virtual Aperture Imaging Software developed by Oculii will further enhance the performance of radar sensors by cost-effectively increasing accuracy, range and information quality. The partnership will focus on integrating Oculii's software technology into HELLA's 77 GHz radar platform. Results of the development partnership are expected to go into series production in 2023. "Due to its strong market position, HELLA is an ideal strategic partner for us. On the one hand, this will enable us to successfully bring our software technology in the automotive sector onto the road. On the other hand, together with HELLA, we will be able to raise the radar sensor technology of tomorrow to a whole new level," says Dr. Steven Hong, CEO of Oculii. "As we combine the specific know-how of HELLA and Oculii, we will jointly be able to offer customers high-performance radar solutions that will enable us to meet the requirements for all development stages of autonomous driving." Frank Petznick, who as a member of the Electronics Executive Board at HELLA is responsible for the global Product Center Automated Driving, adds: "We have more than 17 years of experience in radar technology and have already produced over 30 million radar sensors. We want to continuously expand this position. For example, our latest radar technology based on 77 GHz will be launched on the market in only a few months. By collaborating with Oculii, we will further enhance the performance of our radar product family and thus provide sustainable support for basic driver assistance functions and the trend towards automated driving." Please note: This text and corresponding photo material can also be found in our press database at: www.hella.com/press HELLA GmbH & Co. KGaA, Lippstadt: HELLA is a global, family-owned company, listed on the stock exchange, with over 125 locations in some 35 countries. With sales of ? 7.0 billion in the fiscal year 2018/2019 and 39,000 employees, HELLA is one of the leading automotive suppliers. HELLA specializes in innovative lighting systems and vehicle electronics and has been an important partner to the automotive industry and aftermarket for more than a century. Furthermore, in its Special Applications segment, HELLA develops, manufactures and sells lighting and electronic products for specialist vehicles. For additional information please contact: Dr. Markus Richter Company spokesman HELLA GmbH & Co. KGaA Rixbecker Straße 75 59552 Lippstadt, Germany Germany Phone: +49 2941 38-7545 Fax: +49 2941 38-477545 Markus.Richter@hella.com www.hella.com   End of Media Release Issuer: HELLA GmbH & Co. KGaA Key word(s): Enterprise

06.01.2020 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: HELLA GmbH & Co. KGaA Rixbecker Str. 75 59552 Lippstadt

Germany Phone: +49 (0)2941 38-7125 Fax: +49 (0)2941 38-6647 E-mail: Investor.Relations@hella.com Internet: www.hella.de/ir ISIN: DE000A13SX22 WKN: A13SX2 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Tradegate Exchange; Luxembourg Stock Exchange EQS News ID: 947119   End of News DGAP Media

947119  06.01.2020 

@ dgap.de