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4-Traders Homepage  >  Equities  >  Nasdaq  >  Mentor Graphics Corp    MENT

Delayed Quote. Delayed  - 10/27 10:00:00 pm
28.5 USD   -1.45%
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Mentor Graphics : Partners with Telemotive on Smart Charging Technology for Plug-in Vehicles

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10/27/2016 | 03:01pm CEST

WILSONVILLE, Ore., Oct. 27, 2016 /PRNewswire/ -- Mentor Graphics Corporation (NASDAQ: MENT) today announced a joint engineering and marketing agreement with Telemotive AG, a Magna International company and a leading automotive supplier of engineering services and tech products. The heart of the agreement will be the integration of Mentor's Volcano VSTAR(TM) AUTOSAR stack with Telemotive's Power Line Communication (PLC) - two technologies which together provide key software building blocks to automotive suppliers creating electronic control units (ECUs) that allow for smart charging of electric vehicles.


Smart charging, which includes transmission of data via charging cables, allows for secure payments at the burgeoning network of for-pay public charging stations around the world. Telemotive has long been a leader in the space, providing a software stack supporting error-free communication between a charging column and vehicle. The modular software, compliant with the international standard governing communication between plug-in vehicles and electrical supply equipment (ISO 15118), can be integrated into every relevant ECU.

Mentor's Volcano VSTAR(TM) stack includes platform and communication middleware, an operating system, design/validation tools, and more. It is a best-in-class solution for designing ECUs according to the AUTOSAR methodology, which has been recognized worldwide for more than a decade as the standard for the development of electronic systems. The integrated Mentor-Telemotive stack can be implemented on nearly any microcontroller serving as the brains of a smart-charging system, whether developed by a Tier One supplier or OEM.

"These highly synergistic Mentor and Telemotive technologies are well-suited to help engineers quickly develop highly advanced automotive smart charging solutions," said Franz Diller, board member of Telemotive AG. "Telemotive is pleased to collaborate with Mentor, and we look forward to seeing our shared customers differentiate and win in the fast-growing smart charging market."

The integrated stack enables easy connection to a PLC transceiver serving as the gateway to internet-based services supporting payments, and perhaps eventually to applications such as the dynamic negotiation of charging plans in the context of evolving environmental or user conditions.

"Electrification of the powertrain is one of the major trends impacting the auto industry, and is also tightly linked to other disruptors like autonomous driving and vehicle/cloud connectivity," said Rainer Oder, general manager of Mentor Graphics' Automotive Business Unit. "These trends are, in turn, driving increased focus on smart charging and other PLC-enabled services, which present new engineering challenges for both established and emerging auto industry players. Telemotive AG shares Mentor's goal of providing system engineering expertise to meet these challenges, even as development cycles are dramatically condensed.

For additional information, please visit: https://www.mentor.com/embedded-software/automotive/autosar and https://www.telemotive.de/en/engineering/expertise/power-line-communication/.

About Mentor Automotive

Mentor Automotive has built a reputation for solving the most complex design challenges earlier, more efficiently and with less program risk. Our solutions span software, hardware, integration, connectivity and compliance and are used by nearly every major automotive OEM and Tier 1 supplier. Mentor Automotive focuses in four key areas of the industry:

    --  Connectivity - connecting car, driver & the external world
    --  Autonomous - autonomous driving & driver assist systems
    --  Electrification - electric vehicles & supporting technology
    --  Architecture - EE architecture & system implementation

About Mentor Graphics

Mentor Graphics Corporation (NASDAQ: MENT) is a world leader in electronic hardware and software design and manufacturing solutions, providing products, consulting services and award-winning support for the world's most successful electronic, semiconductor and systems companies. Established in 1981, the company reported revenues in the last fiscal year of approximately $1.18 billion. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web site: http://www.mentor.com/.

About Telemotive

Telemotive is a respected automotive supplier, both for technological products and for engineering services. Since 2016 the company is part of the global automotive supplier Magna International and belongs to the Magna Steyr group. The core competencies in engineering are bus systems, infotainment, connectivity, driver assistance, vehicle diagnostics, electric mobility, and EMC. The range of hardware products comprises data loggers, electronics for laboratory setups, and test tools for the complete vehicle. Telemotive was founded in 2000 and has branches in Munich, Ingolstadt, Wolfsburg, Böblingen and Mühlhausen (head office). Telemotive now has a workforce of over 500 employees. http://www.telemotive.de

Mentor Graphics and Mentor are registered trademarks, and Volcano is a trademark of Mentor Graphics Corporation. All other company or product names are the registered trademarks or trademarks of their respective owners.

For more information, please contact:
Andrew Macleod
Mentor Automotive

Logo - http://photos.prnewswire.com/prnh/20140317/AQ83812LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mentor-graphics-partners-with-telemotive-on-smart-charging-technology-for-plug-in-vehicles-300352338.html

SOURCE Mentor Graphics Corporation

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Financials ($)
Sales 2017 1 216 M
EBIT 2017 224 M
Net income 2017 133 M
Finance 2017 54,0 M
Yield 2017 0,76%
P/E ratio 2017 24,22
P/E ratio 2018 24,39
EV / Sales 2017 2,53x
EV / Sales 2018 2,33x
Capitalization 3 128 M
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Mentor Graphics Corp Technical Analysis Chart | MENT | US5872001061 | 4-Traders
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Mean consensus HOLD
Number of Analysts 7
Average target price 27,6 $
Spread / Average Target -4,4%
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Walden C. Rhines Chairman & Chief Executive Officer
Gregory K. Hinckley President
Ananthan Thandri Chief Information Officer & Vice President
Peter Leahy Bonfield Independent Director
Keith L. Barnes Independent Director
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