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Cipia secures deal for truck driver monitoring systems By Investing.com

by Index Investing News
January 7, 2024
in Financial
Reading Time: 1 min read
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© Yoray Liberman, TASE PR

TEL AVIV – Cipia (TASE: CPIA), an AI and computer vision technology company, has secured a contract to integrate its Driver Sense driver monitoring system (DMS) into four heavy-duty truck models from an existing global OEM customer, with production set to begin in Europe during Q4 2025.

The deal marks an expansion of Cipia’s relationship with the automaker, which previously included the company’s systems in several car models. The heavy-duty trucks will utilize a Renesas System on Chip (SoC), incorporating Cipia’s technology designed to enhance vehicle safety by detecting driver drowsiness and distraction through advanced AI and computer vision.

Yehuda Holtzman, CEO of Cipia, expressed pride in the company’s deepening partnerships within Europe and its contribution to road safety. He noted that this agreement follows a successful streak in 2023, where the company more than doubled its total design wins.

The integration of Cipia’s Driver Sense system in these truck models will add to the company’s portfolio, which now boasts 61 design wins across nine OEMs in Europe, China, and the United States.

Cipia, known for its intelligent sensing solutions, has over a decade of research and development in proprietary computer vision technology. Its products are used globally by OEMs and are present in vehicles on the roads today.

This information is based on a press release statement from Cipia.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.



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Tags: CipiadealDriverInvestingcomMonitoringsecuresSystemsTruck
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