NI and Konrad Technologies Sign Strategic Agreement to Accelerate Autonomous Vehicle Test
NI (NASDAQ: NATI) has partnered with Konrad Technologies (KT) to develop advanced test systems for validating autonomous driving software and hardware. This strategic agreement aims to enhance vehicle safety and accelerate the adoption of autonomous vehicles (AVs) by integrating NI’s software-connected solutions with KT’s system expertise. The collaboration will focus on high bandwidth data recording and hardware-in-the-loop testing, addressing the complexities of AV validation. This partnership underscores the necessity of collaboration to tackle the challenges in bringing self-driving technology to market.
- Strategic partnership with Konrad Technologies improves validation capabilities for autonomous driving systems.
- Focus on high bandwidth data recording and hardware-in-the-loop testing enhances overall vehicle safety.
- Collaboration aims to accelerate market readiness for AV technologies.
- Potential risks include reliance on successful integration of both companies' technologies.
- Challenges related to fluctuating foreign exchange rates and component shortages may impact operational efficiency.
NI (NASDAQ: NATI) and Konrad Technologies (KT) today announced they have entered into a strategic agreement to develop test systems and solutions for autonomous driving software and hardware validation. Together, the companies plan to deliver new technologies to help automotive Tier 1 suppliers and OEMs leverage real-world road data and simulation, to help improve vehicle and passenger safety and bring the promise of autonomous driving (AD) to the roads faster.
AD requires a complex mix of rapidly evolving technologies such as machine learning, LiDAR and imaging radar to come to life. It involves a challenging process that forces test systems to adapt in tandem to efficiently validate the complex embedded software required to operate autonomous vehicles (AVs) safely in real-world scenarios. By combining NI’s software-connected test solutions with KT’s expertise in system integration and solution delivery for advanced driver assistance systems (ADAS) test, the two companies expect to streamline validation to accelerate the shift to self-driving cars. While the plan is that the test solutions will scale across fleet management, data utilization and sensor test, initial solutions will focus on high bandwidth data recording and hardware-in-the-loop test systems for testing ADAS and AD software algorithms.
“AVs are among the most complex systems being tested today, and no one company can tackle the challenge of getting these vehicles to market alone,” said Chad Chesney, general manager of NI’s Transportation business unit. “Our strategic agreement and a seat on the KT board will deepen our long-standing partnership with KT and give customers the system-level capabilities they need to quickly and efficiently test the complex embedded software found within today’s AVs —helping them ensure that test is not a bottleneck but a competitive advantage on the road to autonomy.”
“Connecting NI’s open instrumentation to our system integration expertise will allow us to build turnkey solutions that help customers shorten their time to market,” said Michael Konrad, CEO of Konrad Technologies. “This partnership with NI is expected to provide a consistent tool chain that will help customers rectify multiple challenges efficiently in all stages of the ADAS and AD system product cycle.”
About Konrad Technologies
Konrad Technologies is a global technology company serving customers for more than 25 years with turnkey solutions to support the development, test, validation and mass production of electronic devices and sensors for the consumer electronics and automotive markets. Driven by innovation and customer requirements, we provide complete system and service options with a global footprint to support customers at all necessary locations.
About NI
At NI, we bring together the people, ideas and technology so forward thinkers and creative problem solvers can take on humanity’s biggest challenges. From data and automation to research and validation, we provide the tailored, software-connected systems engineers and enterprises need to Engineer Ambitiously™ every day.
National Instruments Forward-Looking Statements
This press release contains certain forward-looking statements of NI, including any statements regarding activities to be conducted or expected to be conducted by NI and KT; effects or results of those activities; availability, features, or capabilities of any products, systems, technologies or solutions resulting from those activities; and the impact of those activities on NI’s business or plans. These statements are subject to a number of risks and uncertainties, including the ability of the parties to realize the expected benefits of the strategic agreement; foreign exchange fluctuations; component shortages, and delays in the release of new products. Actual results may differ materially from the expected results. NI directs readers to its Form 10-K for the year ended Dec. 31, 2019, its Form 10-Q for the quarter ended Sept. 30, 2020 and the other documents it files with the SEC for other risks associated with the company’s future performance. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in our forward-looking statements. All information in this release is as of the date above. NI undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in NI’s expectations.
©2021 National Instruments. All rights reserved. National Instruments, NI, ni.com and Engineer Ambitiously are trademarks of National Instruments Corporation. Other product and company names listed are trademarks or trade names of their respective companies.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210119005659/en/
FAQ
What is the strategic agreement between NI and Konrad Technologies about?
How will the partnership benefit NI and its customers?
What technologies will be integrated in the NI and Konrad Technologies collaboration?
What are the potential risks mentioned in the press release?
When was the strategic agreement between NI and Konrad Technologies announced?
