JERUSALEM, April 6, 2017 /PRNewswire/ -- (NYSE: MBLY) – Mobileye N.V., the global leader in the development of computer vision and machine learning, data analysis, localization and mapping for Advanced Driver Assistance Systems and autonomous driving technologies (the "Company"), today announced certain details relating to its 2017 Annual General Meeting.
The Company will hold the 2017 Annual General Meeting in Amsterdam on June 13, 2017. Shareholders of record of the Company's ordinary shares outstanding at the close of business in New York on May 16, 2017 will be entitled to attend and vote at the 2017 Annual General Meeting.
The Notice of and Agenda for the 2017 Annual General Meeting (the "Meeting Notice") will be distributed to shareholders, filed with the U.S. Securities and Exchange Commission on a Form 6-K and published on the Company's website, on or about May 16, 2017. The Meeting Notice will include as an Annex the draft Dutch statutory accounts of the Company prepared in accordance with International Financial Reporting Standards for the year ended December 31, 2016. The Company has previously filed its Annual Report on Form 20-F, which includes its audited financial statements for the year ended December 31, 2016 prepared in accordance with U.S. generally accepted accounting principles.
At the 2017 Annual General Meeting the Company will also propose for adoption by shareholders certain resolutions related to the offer by Cyclops Holdings, LLC, a wholly-owned subsidiary of Intel Corporation, to acquire any and all outstanding ordinary shares of the Company for cash consideration of $63.54 per share.
Mobileye N.V. is the global leader in the development of computer vision and machine learning, data analysis, localization and mapping for Advanced Driver Assistance Systems and autonomous driving. The Company's technology keeps passengers safer on the roads, reduces the risks of traffic accidents, saves lives and has the potential to revolutionize the driving experience by enabling autonomous driving. The Company's proprietary software algorithms and EyeQ® chips perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. The Company's products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items; identify and read traffic signs, directional signs and traffic lights; create a Roadbook™ of localized drivable paths and visual landmarks using REM™; and provide mapping for autonomous driving. The Company's products are or will be integrated into car models from more than 25 global automakers. The Company's products are also available in the aftermarket.
This press release contains certain forward-looking statements. Words such as "believes," "intends," "expects," "projects," "anticipates," and "future" or similar expressions are intended to identify forward-looking statements. These statements are only predictions based on the Company's current expectations and projections about future events. You should not place undue reliance on these statements. Many factors may cause actual results to differ materially from any forward-looking statement, including the risk factors and other matters set forth in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 20-F for the year ended December 31, 2016. The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by law.
CCO / SVP
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SOURCE Mobileye N.V.