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| The partnership and joint product will bring Eyesight's lifesaving Edge-based Driver Monitoring System to the commercial truck industry in China, to help reduce accidents caused by driver drowsiness and inattentiveness. |
SHENZHEN, CHINA, Nov 29, 2018 - (ACN Newswire) - Eyesight, the leading provider of Edge-based AI vision solutions for in-car automotive market, announced today a multi-million-dollar deal with Exsun, one of China's leading suppliers of GPS and telematics systems. The deal will deliver Eyesight's lifesaving Driver Monitoring System (DMS) to the commercial truck industry in China, helping prevent road accidents, injuries and loss of life.
The partners will produce an aftermarket Driver Monitoring System using Eyesight's camera and Computer Vision AI that will be part of Exsun market leading fleet management and telematics systems. This device is targeted to be launch in 2019 and installed in vehicles in which Exsun's products are installed - hundreds of thousands of trucks. In the future, the system may also be offered globally to 3rd party trucks, bus and fleet management providers.
"As a result of China's robust economy, including rapidly growing e-commerce and product manufacturing, there are around 30 millions of trucks on the country's roads, and these numbers will only grow," said Gideon Shmuel, CEO of Eyesight. "As driver exhaustion and drowsiness is a widespread issue in the trucking industry, the aftermarket DMS product Eyesight is developing with Exsun will provide Chinese truck drivers with lifesaving real-time alerts, which can drastically reduce the number of accidents caused by drowsiness and inattentiveness." According to the latest WHO statistics, there are about 450,000 car accidents a year in China, with roughly 260,000 fatalities, this is over 700 deaths every day.
This partnership comes in the heels of Eyesight's recently-announced 15 million USD growth investment round, led by Jebsen Capital, Arie Capital and other investors. Earlier this year, Eyesight has entered a strategic cooperation with Soling Industrial Co. aimed at utilizing Driver Monitoring technology to optimize vehicle safety systems in real-time. "Already working with some of the world's leading companies, Eyesight will be leveraging the investment to further expand the company's fast-growing Edge Computer Vision and AI footprints." said Gideon Shmuel.
Eyesight: Helping Increase Human Safety in Vehicles
Apart from the aftermarket offering, Eyesight's Driver Monitoring and Occupancy Monitoring Systems track the drivers' attention on the road and behaviour in the cabin aiming to help reduce the millions of car accidents that occur annually. Eyesight's intelligent sensing solutions monitor the driver's gaze direction, pupil dilation, eye openness, head position, among other visual attributes to enable alerts when signs of drowsiness or distraction are detected. Eyesight's in-car solutions also include cabin occupancy monitoring to enable real-time optimization of safety systems according to passenger's presence, helping reduce possible injuries and keep passengers safe.
The company's proprietary technology is backed by 23 granted patents, and many other pending, utilizing advanced computer vision algorithms and artificial intelligence to deliver market-leading capabilities. Eyesight's technology is optimized for edge processing on the device in real-time, offering high accuracy with lean requirements.
Rebranding Reflects Leadership Position in Edge Computer Vision and AI
Eyesight also recently showed off the fruits of its rebranding campaign, including its all-new logo. The new look reflects the company's focus on Edge Computer Vision AI and depicts its sensing capabilities. The logo evokes the nature of the company's intelligent technology to understand users, their actions, and predict their needs, to deliver enhanced user experiences.
Eyesight will be exhibiting at CES, January 8-11, 2019 in Las Vegas. The company will have two booth locations. Automotive solutions at: LVCC, North Hall - 9117, and the companies Smart Home IoT solutions will be presented at: Sands Expo, Halls A-D, 40619.
Contact CES@eyesight-tech.com to book a meeting.
About Eyesight
Based in Israel, Eyesight offers the most advanced edge-based Computer Vision and AI solutions, targeting the automotive and IoT Smart home industries.
For the automotive industry, the company offers market leading in-cabin sensing solutions, offering Driver Monitoring (DMS), Driver Identification and Occupancy Monitoring Systems.
For the IoT and smart home space, Eyesight offers user awareness capabilities, viewer analytics and touch-free gesture control.
Eyesight's technology is fully embedded and optimized for lean edge processing and is backed by over 20 patents and many other pending.
With Eyesight's technology devices now "see" and "understand" their users, unlocking a world of enhanced user experiences.
For more information visit www.eyesight-tech.com
Please email inquiries to info@eyesight-tech.com
About Exsun
Exsun is one of China's leading suppliers of GPS and telematics systems, along with air pollution monitoring systems. More than 3 million vehicles have Exsun products installed, and their positioning service has more than 10 million end-users.
Topic: Press release summary
Source: Cipia Vision Ltd
Sectors: Cloud & Enterprise, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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