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Updated: July 8th, 2008 05:26 PM CDT

STMicroelectronics and Mobileye to Deliver Vision-Based Driver-Assist Systems

via PRNewswire

"Automated driver-assist systems can potentially increase safetydramatically," said Marco Monti, Vice President of STMicroelectronics'Automotive Product Group. "Combining ST's automotive design and manufacturingexpertise with Mobileye's strength in video-based driver-assist systemsprovides a perfect solution for innovative, automotive-market proven, andcost-competitive solutions for the automotive market."

About Mobileye

Mobileye N.V. is a technological leader in the area of advanced imagesensing and processing technology for automotive applications, using computervision technology for processing image sequences from a single camera inputsource. The processing includes functionalities such as vehicle detection,lane finding and pedestrian detection. The functionalities are embeddedwithin the proprietary EyeQ vision-system-on-chip technology. The secondgeneration EyeQ-2 is already in advance stage of development. Mobileye headquartered in the Netherlands with an R&D staff of 120 employees locatedin Jerusalem, Israel. Further information on Mobileye can be found at

About STMicroelectronics

STMicroelectronics is a global leader in developing and deliveringsemiconductor solutions across the spectrum of microelectronics applications.An unrivalled combination of silicon and system expertise, manufacturingstrength, Intellectual Property (IP) portfolio and strategic partnerspositions the Company at the forefront of System-on-Chip (SoC) technology andits products play a key role in enabling today's convergence markets. TheCompany's shares are traded on the New York Stock Exchange, on Euronext Parisand on the Milan Stock Exchange. In 2004, the Company's net revenues were$8.76 billion and net earnings were $601 million. Further information on STcan be found at

SOURCE STMicroelectronics

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