Takata Invests in Tyzx 3D Vision Technology to Develop Cost Effective

Automotive Stereovision Applications

    MENLO PARK, Calif., July 6 /PRNewswire/ -- Tyzx, Inc., the 3D vision
 company, today announced it has received a substantial investment from
 Takata, a global manufacturer of automotive safety systems with more than
 33,000 employees worldwide. The Takata investment follows an earlier
 investment by Microsoft co-founder Paul Allen.
     Tyzx, building on more than 15 years of research at Harvard, Interval
 Research, MIT, and Stanford, has developed a platform of hardware, software
 and services for building affordable products that see and interact with
 the world in three dimensions.
     Tyzx delivers high volume, cost-effective 3D vision solutions to
 industry leaders in automotive, consumer electronics, robotics and security
 markets.
     Takata, a global manufacturer of automotive safety systems, is one of
 the largest suppliers of complete safety systems in the world. Takata
 produces a full line of seatbelt systems and components, airbag modules and
 inflators, electronic sensor units and modules, and steering wheels and
 clocksprings, as well as a broad range of interior trim components. Takata
 is comprised of 48 manufacturing plants in 18 countries.
     "Takata is proud of its global reputation as a leader in integrated
 safety systems for the automotive market and our investment in Tyzx is the
 latest demonstration of our commitment to industry innovation," said Dana
 Stonerook, executive vice president, Electronic Safety Systems, Takata.
     Industry experts believe that vehicles with 3D vision safety features
 can help better protect drivers and passengers in collisions, help cars
 avoid accidents, keep vehicles in appropriate road lanes, and prevent many
 accidental backup injuries and fatalities, among other benefits. The
 European Union and Japan have already passed legislation mandating more
 "pedestrian friendly vehicles." Future regulations will require additional
 measures to prevent pedestrian injury and could drive the need for systems
 that incorporate vision technology as developed by Tyzx and Takata.
     "Cars that 'see' promise to be an incredible breakthrough for the
 automotive industry," said Ron Buck, CEO of Tyzx. "Our 3D approach to
 computer vision solves the enormous technical problems that historically
 made this solution unaffordable for volume consumer markets such as
 automotive. Tyzx real-time 3D stereovision tracking software, SEER,
 together with our DeepSea hardware technology, provides a small format,
 high performance, low power, cost effective delivery solution. That means
 soon we can all drive safer, smarter cars."
     About Tyzx, Inc.
     Tyzx is a 3D vision company providing a platform of hardware, software
 and services for building products that see and interact with the world in
 three dimensions. Tyzx delivers high volume, cost-effective 3D vision
 solutions to industry leaders in automotive, consumer electronics, robotics
 and security markets. Founded in 2002 and based in Menlo Park, Calif., Tyzx
 is privately funded. For more information, visit www.tyzx.com.
     NOTE: Tyzx is a registered trademark of Tyzx, Inc. Takata is a
 registered trademark of Takata Corporation. All other brands and products
 referenced herein are acknowledged to be trademarks or registered
 trademarks of their respective holders.
     Media Contact
     Patricia Colby
     Page One Public Relations
     +1-650-565-9800, ext. 103
     patricia@pageonepr.com
 
 

SOURCE Tyzx, Inc.

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