News Release - Magna Partners with Michigan Department of Transportation and 3M to Improve Vehicle Connectivity, Security and Driver Safety
• Magna bringing its camera and secure connectivity expertise
• Project places Michigan among the first states to test vehicle-to-infrastructure connectivity
• Findings will be shared with customers and partners to further enhance vehicle connectivity throughout the automotive industry
Click here for the PDF version of the release
TROY, Michigan, June 29, 2017 – As the auto industry continues to discuss mobility and the need for new transportation solutions, some critics cite concerns about the ability of autonomous vehicles to “read” changing road conditions, temporary lane changes and construction. To help address these challenges, Magna is lending its camera and secure connectivity expertise to a joint project with the Michigan Department of Transportation (MDOT) and 3M.
The project is the nation’s first vehicle-to-infrastructure connected work zone and will be constructed along a three-mile section of I-75 in Oakland County, Michigan. Findings from the project are expected to play an integral role in optimizing vehicle connectivity infrastructure on construction-related roadways going forward.
Michigan’s Planet M initiative represents the collective mobility efforts of organizations and communities across the state.
Over the next several years, Magna will continue to work with MDOT and 3M to provide expert advice on connectivity and infrared camera technology. Magna engineers and developers will help interpret the data and make continuous improvements to improve the technology.
“We are working with MDOT and 3M to integrate technology that addresses issues such as the location of street signs, loss of internet connectivity or incorrect processing of vehicle-to-infrastructure information,” said Swamy Kotagiri, Magna’s Chief Technology Officer. “Our contribution to the project will help uncover critical information needed to understand how vehicles communicate with roadway infrastructure.”
louis.tonelli@magna.com, 905.726.7035
tracy.fuerst@magna.com, 248.631.5396
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THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM.
• Project places Michigan among the first states to test vehicle-to-infrastructure connectivity
• Findings will be shared with customers and partners to further enhance vehicle connectivity throughout the automotive industry
Click here for the PDF version of the release
TROY, Michigan, June 29, 2017 – As the auto industry continues to discuss mobility and the need for new transportation solutions, some critics cite concerns about the ability of autonomous vehicles to “read” changing road conditions, temporary lane changes and construction. To help address these challenges, Magna is lending its camera and secure connectivity expertise to a joint project with the Michigan Department of Transportation (MDOT) and 3M.
The project is the nation’s first vehicle-to-infrastructure connected work zone and will be constructed along a three-mile section of I-75 in Oakland County, Michigan. Findings from the project are expected to play an integral role in optimizing vehicle connectivity infrastructure on construction-related roadways going forward.
Michigan’s Planet M initiative represents the collective mobility efforts of organizations and communities across the state.
Over the next several years, Magna will continue to work with MDOT and 3M to provide expert advice on connectivity and infrared camera technology. Magna engineers and developers will help interpret the data and make continuous improvements to improve the technology.
“We are working with MDOT and 3M to integrate technology that addresses issues such as the location of street signs, loss of internet connectivity or incorrect processing of vehicle-to-infrastructure information,” said Swamy Kotagiri, Magna’s Chief Technology Officer. “Our contribution to the project will help uncover critical information needed to understand how vehicles communicate with roadway infrastructure.”
TAGS
Vehicle-to-infrastructure connectivity, MDOT, 3M, ADAS, PLANET MINVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relationslouis.tonelli@magna.com, 905.726.7035
MEDIA CONTACT
Tracy Fuerst, Global Director of Corporate Communications & PRtracy.fuerst@magna.com, 248.631.5396
ABOUT MAGNA
We are a leading global automotive supplier with 321 manufacturing operations and 102 product development, engineering and sales centres in 29 countries. We have over 159,000 employees focused on delivering superior value to our customers through innovative products and processes, and world class manufacturing. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, vision, closure and roof systems. We also have electronic and software capabilities across many of these areas. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.# # #
THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM.