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SOURCE TRW Automotive Holdings Corp.
FRANKFURT, Germany, Sept. 10, 2013 /PRNewswire/ -- Hall 8, Stand F20, IAA Motor Show -- TRW Automotive Holdings Corp. (NYSE: TRW) is unveiling a new generation of video camera (S-CAM 3) which offers six times the processing power of the current generation to provide a higher level of performance and several advanced new functions. The camera will be launched early in 2015 and feature on a number of 2016 model year applications.
Peter Lake, executive vice president sales and business development for TRW Automotive, commented: "In the coming five to ten years, we expect to see a strong demand for camera systems – driven mainly by governments and NCAP organizations worldwide that are striving to enhance vehicle safety.
"Widely available data demonstrates the safety benefits of camera technology. According to 2011 National Highway Traffic Safety Administration (NHTSA) data, 53% of road fatalities result from a roadway departure, and Insurance Institute for Highway Safety (IIHS) data estimates that lane departure warning and lane keeping assist systems could help save more than 7,500 lives in the USA each year."
Using Mobileye's EyeQ3 technology, TRW's S-CAM 3 will offer all the functions of its predecessor (lane departure warning, forward collision warning, headlight control, traffic sign recognition and pedestrian detection), but has an increased vertical and horizontal field of view and a significantly higher definition imager to enable a range of more advanced features including:
Dr.-Ing. Alois Seewald, global director, TRW Integrated Active & Passive Safety Technologies and Research and Development, added: "Our S-CAM 3 is one the sensors in our DAS portfolio which TRW is bringing to market to support accident prevention. It has the potential to assist drivers in many ways and when combined with braking systems, can enable ACC and Automatic Emergency Braking as a standalone sensor. When integrated with other environmental sensors, chassis controllers and actuators, this technology provides a strong base platform for semi-automated driving situations."
TRW is investing in its camera production sites – both in North America (Marshall, Illinois) and in Europe (Peterlee, UK) in support of a number of global business awards. The company started production of its first generation camera in 2008 on the European Lancia Delta and launched its second generation camera (S-Cam) in 2011. By late 2013, the current second generation S-Cam will be available on vehicles from five major vehicle manufacturers in North America, Europe and Asia.
With 2012 sales of $16.4 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 25 countries and employs approximately 65,000 people worldwide. TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services. All references to "TRW Automotive", "TRW" or the "Company" in this press release refer to TRW Automotive Holdings Corp. and its subsidiaries, unless otherwise indicated. TRW Automotive news is available on the internet at www.trw.com.
This release contains statements that are not statements of historical fact, but instead are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We caution readers not to place undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements are subject to numerous assumptions, risks and uncertainties which could cause our actual results to differ materially from those suggested by the forward-looking statements, including those set forth in our Annual Report on Form 10-K for the fiscal year ended December 31, 2012 (our "Form 10-K") and our Reports on Form 10-Q for the fiscal quarters ended March 29 and June 28, 2013, such as: any developments related to antitrust investigations adversely affecting our financial condition, results, cash flows or reputation; the loss of any of our largest customers or the loss of a significant amount of their business materially adversely affecting us; economic conditions adversely affecting our business, results or the viability of our supply base; the unsuccessful implementation of our current expansion efforts adversely impacting our business or results; any shortage of supplies causing a production disruption for any customers or us; strengthening of the U.S. dollar and other foreign currency exchange rate fluctuations impacting our results; risks associated with non-U.S. operations, including economic and political uncertainty in some regions, adversely affecting our business, results or financial condition; any inability to protect our intellectual property rights adversely affecting our business or our competitive position; commodity inflationary pressures adversely affecting our profitability or supply base; pricing pressures from our customers adversely affecting our profitability; costs of product liability, warranty and recall claims and efforts by customers to adversely alter contract terms and conditions concerning warranty and recall participation; costs or adverse effects on our business, reputation and results from governmental regulations; costs or liabilities relating to environmental, health and safety regulations adversely affecting our results; work stoppages or other labor issues at our facilities or at the facilities of our customers or those in our supply chain adversely affecting our business or results; any disruption in our information technology systems adversely impacting our business and operations; and other risks and uncertainties set forth in our Form 10-K and in our other filings with the U.S. Securities and Exchange Commission. We do not undertake any obligation to release publicly any update or revision to any of the forward-looking statements.
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