Autoliv Inc. (ALV - Free Report) , 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.
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 - Free Report) , Visteon Corp. (VC - Free Report) and STRATTEC Security Corp. . All the stocks carry a Zacks Rank #1 (Strong Buy).