Autoliv Inc. ( ALV ), the pioneer in
automotive safety systems, announced the development of a Stereo
Vision Sensing (SVS) system. This unique offering is expected to
provide a safer and comfortable driving experience. The company
plans to deliver this system from 2015 for the European premium
vehicle models.AUTOLIV INC (ALV): Free Stock Analysis ReportSTRATTEC SEC CP (STRT): Free Stock Analysis
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The SVS system will abide by the new test criteria announced by
the European New Car Assessment Programme (Euro NCAP).
Additionally, it will focus on the criteria including Autonomous
Emergency Braking, Intelligent Speed Assist, Lane Departure Assists
and Pedestrian Protection.
At present, the vehicles are equipped with Mono Vision Systems
(MVS). The single camera is used for Speed Sign Recognition, Lane
Departure Warnings, and Autonomous Emergency Braking. The SVS
system, with an additional camera placed at the front windshield
behind the rear view mirror, will provide a three dimensional view
of the area in front of a vehicle.
This enables the SVS to calculate the distance between the objects
and the chances of collision. The SVS system has a field view of 50
degrees and can recognize objects within 120 meters. In addition,
the system features Adaptive Cruise Control, Queue Assist, Light
Source Recognition and Road Surface Monitoring.
Autoliv posted a 20.6% increase in earnings per share to $1.29 in
the first quarter of 2013 from $1.07 year ago, beating the Zacks
Consensus Estimate by a couple of cents. Earnings benefited from
lower capacity alignments and antitrust investigations costs,
partly offset by lower underlying operating profit. Consolidated
revenues slid 2.0% to $2.1 billion due to negative currency effects
and a small divestiture.
Currently, Autoliv's stock carries a Zacks Rank #3 (Hold). Other
stocks that are performing well in the industry include
Tower International, Inc. ( TOWR ),
Visteon Corp. ( VC ) and
STRATTEC Security Corp. ( STRT ). All the stocks
carry a Zacks Rank #1 (Strong Buy).