VIA optronics to showcase Next Generation Automotive Cameras with Immervision during AutoSens USA

Rhea-AI Summary

VIA optronics (OTC: VIAOY), a leading supplier of interactive display solutions, announced it will showcase its next generation of automotive cameras at AutoSens USA, hosted at Huntington Place in Detroit from May 21–23, 2024.

The cameras, developed in partnership with Immervision, feature specialized lens technology aimed at reducing non-recurring engineering costs. This innovation is expected to enhance VIA's camera portfolio, catering to the increasing demand for various field-of-views suitable for e-mirror and surround-view applications.

Attendees can experience the new technology at Immervision booth #237. VIA's CEO, Roland Chochoiek, emphasized the collaboration's potential to rapidly bring advanced exterior automotive cameras to market.

Positive

• Showcase at a prominent event, AutoSens USA, can increase visibility and investor interest.
• Partnership with Immervision enhances credibility and technological advancement.
• New camera technology could reduce non-recurring engineering costs, increasing profitability.
• Innovative cameras cater to growing demand for varied field-of-views, potentially increasing market share.
• Potential applications in e-mirror and surround-view systems align with industry trends.

Negative

• No immediate financial impact or revenue projections provided for the new technology.
• Event showcasing is subject to future dates, presenting potential timing risks for investor expectations.
• Dependence on the success of the partnership with Immervision might pose risks if collaboration faces challenges.

VIA optronics to showcase previously announced next generation automotive cameras at the Immervision booth during AutoSens USA 2024

NUREMBERG, Germany--(BUSINESS WIRE)-- VIA optronics AG (OTC: VIAOY) (“VIA” or the “Company”), a leading supplier of interactive display solutions, today announced that it will showcase its next generation of automotive cameras at AutoSens USA at the Immervision booth. The event will take place from May 21 – 23, 2024 at Huntington Place in Detroit.

Roland Chochoiek, CEO of VIA optronics, commented, “We are looking forward to introducing our new technology with Immervision and showcasing the next generation of automotive cameras to the audience at AutoSens USA. Experts from both companies will provide insights into the new camera technology and highlight its variety of field-of-views for different applications.”

VIA worked with Immervision to develop a specialized lens technology to customize and produce exterior automotive cameras which can be brought to market quickly while reducing non-recurring engineering costs. The new technology for the next generation cameras will enhance VIA´s camera portfolio and meet growing customer demand for a variety of field-of-views (FOVs). The Company expects these next generation cameras to be used most frequently with e-mirror and surround-view applications.

Interested attendees at AutoSens USA who would like to experience the next generation automotive camera can visit Immervison booth #237 during the event.

About VIA:

VIA is a leading provider of interactive display solutions for multiple end markets in which superior functionality or durability is a critical differentiating factor. Its customizable technology is well-suited for high-end markets with unique specifications and demanding environments that pose technical and optical challenges for displays, such as bright ambient light, vibration and shock, extreme temperatures, and condensation. VIA’s interactive display solutions combine customized design, interactive displays, touch functionality, cameras, and other hardware components. VIA’s intellectual property portfolio, process know-how, optical bonding, metal mesh touch sensor and camera module technologies provide enhanced display solutions built to meet the specific needs of its customers.

About Immervision:

With over 20 years of innovation, Immervision creates solutions that see beyond human vision. Its Deep Seeing technology and renowned experts in wide-angle vision systems, optical design and image processing, enable smart devices with superhuman eyes to capture high quality visual and contextual data. Immervision invents, customizes, and licenses wide-angle camera solutions and imaging software technology for AI, machine vision and human user applications, from capture to display, in the mobile, automotive, robotics, security, and other industrial and consumer product industries. For more information, visit www.immervision.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240515294111/en/

Investor Relations for VIA optronics:

Sam Gibbons or Trevor Durkin

Alpha IR Group

VIAO@alpha-ir.com

Phone: +1 312-445-2870



Media:

Alexandra Müller-Plötz

AMueller-Ploetz@via-optronics.com

Phone: +49-911-597 575-302

Source: VIA optronics AG

FAQ

When will VIA optronics showcase the next generation automotive cameras?

VIA optronics will showcase the next generation automotive cameras from May 21–23, 2024, at AutoSens USA.

What event will feature VIA optronics' new automotive cameras?

The new automotive cameras will be featured at AutoSens USA at Huntington Place in Detroit.

Which companies collaborated on the new automotive cameras?

VIA optronics collaborated with Immervision to develop the new automotive cameras.

What are the expected applications for VIA optronics' next generation cameras?

The next generation cameras are expected to be used in e-mirror and surround-view applications.

How can attendees experience VIA optronics' new camera technology at AutoSens USA?

Attendees can visit Immervision booth #237 at AutoSens USA to experience the new camera technology.

What are the key benefits of the new automotive camera technology by VIA optronics?

The new technology aims to reduce non-recurring engineering costs and meet the demand for various field-of-views.