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4-Traders Homepage  >  Equities  >  Tokyo  >  Mitsubishi Electric Corporation    6503   JP3902400005

MITSUBISHI ELECTRIC CORPORATION (6503)
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Mitsubishi Electric : Develops Driver Monitoring System with Wide-angle Camera

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10/05/2017 | 04:05am CEST

Note that the releases are accurate at the time of publication but may be subject to change without notice.

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TOKYO, October 5, 2017
- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed the first in-vehicle driver monitoring system using one wide-angle camera to detect the driver and front passenger simultaneously. The technology is expected to contribute to enhanced driving safety and when it launches commercially sometime from around 2018. Mitsubishi Electric will exhibit its driver monitoring system during the 45th Tokyo Motor Show 2017 at the Tokyo Big Sight exhibition complex in Tokyo from October 27 to November 5.

Conventional driver-monitoring systems generally use a camera to analyze the driver's face for inattentiveness or drowsiness. Recent imaging systems monitor not only the driver but also the front passenger for added safety and convenience. Mitsubishi Electric has now developed a technology that uses just one wide-angle camera to monitor both the driver and the front passenger and warn them about potentially dangerous driving behavior, such as looking off to the side or sleepiness, and to identify face and hand gestures for enhanced assistance, such as changing air conditioning settings.

1) Monitoring both driver and front passenger for enhanced safety and convenience
- Monitor both the driver and the front passenger to provide automated assistance, such as adjusting the air conditioning or audio entertainment system.
- Recognition of hand gestures of both the driver and the front passenger to control various in-vehicle devices.
- To-be-developed detection of not only heads but also upper bodies to detect potentially dangerous behavior, such as abnormal postures including slumping over or collapsing backwards.
2) Flexible installation of camera position
- The wide-angle camera can be installed flexibly within the vehicle and eliminates the need to install a second camera for the front passenger..

40 in Japan and 22 outside of Japan.

Mitsubishi Electric Corporation published this content on 05 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 October 2017 02:04:05 UTC.

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Financials (JPY)
Sales 2019 4 570 B
EBIT 2019 -
Net income 2019 267 B
Finance 2019 484 B
Yield 2019 2,57%
P/E ratio 2019 11,43
P/E ratio 2020 10,56
EV / Sales 2019 0,57x
EV / Sales 2020 0,52x
Capitalization 3 082 B
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 2 038  JPY
Spread / Average Target 42%
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NameTitle
Takeshi Sugiyama President & Chief Executive Officer
Masaki Sakuyama Chairman
Akihiro Matsuyama Director, Head-Finance & Accounting
Kenji Kondo Head-Information Technology & Development
Hiroki Yoshimatsu Director
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