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This is the largest acquisition of an Israeli company to date. At first, the company developed algorithms, and a custom accelerator processor chip called the EyeQ chip. All of Mobileye’s proprietary image processing algorithms run on the EyeQ chip. In 2006, Mobileye set up an aftermarket department, which sells finished products manufactured by Mobileye at their Philippines factory, IMI. The aftermarket products are sold to an international network of distributors on all continents who sell the products to fleets of trucks and buses, to car dealerships, and to car accessory shops. In August 2015, Tesla Motors announced that it is using Mobileye’s technology to enable its self-drive solution, which would be incorporated into Model S cars from August 2015.
In January 2017, Mobileye, BMW and Intel announced that they were developing a test fleet of autonomous vehicles that would be on the road in the second half of 2017. The companies plan to develop autonomous vehicles for the consumer market by 2021. 1999: Mobileye NV co-founded by Mr. 1999: Mobileye received a license from Yissum to be able to use the technology. 2003: Mobileye signed cooperation agreements with Denso and Delphi.
Goldman Sachs, Leumi Partners and Menora Mivtachim Holdings Ltd. 2010: Mobileye launches newest aftermarket product, the C2-270 Collision Prevention System, with vehicle, pedestrian, bicycle, and motorcycle detection capabilities. 2011: Mobileye launches the world’s first vision only based U. 2011: Mobileye launches multi functional bundles including vision based FCW on the Opel Zafira and Opel Insignia.