Mobileye Issues Correction To Published Article

May 21, 2015, 14:12 ET from Mobileye N.V.

JERUSALEM, May 21, 2015 /PRNewswire/ -- (NYSE: MBLY) – Mobileye N.V., the global leader in the design and development of camera-based Advanced Driver Assistance Systems, today announced that an article published in InformationWeek on May 20, 2015 quoted an industry expert and current director as stating that the company is commencing work with Apple on an autonomous driving project.  The company is not currently at work with Apple.

Although it is not the company's policy to comment on press reports or other media, the article has caused confusion and concern among market participants.  As a result, the company felt it was important to correct the inaccuracy. The company has asked the publication to correct the article on its website.

About Mobileye Mobileye N.V. is the global leader in the design and development of software and related technologies for camera-based Advanced Driver Assistance Systems. Our 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.  Our 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. Mobileye's products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items, as well as to identify and read traffic signs and traffic lights. Our products are or will be integrated into car models from 23 global automakers including BMW, Ford, General Motors, Nissan and Volvo.  Our products are also available in the aftermarket.

Forward-Looking Statements 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 our current expectations and projections about future events.  You should not place undue reliance on these statements.  Many factors may cause our actual results to differ materially from any forward-looking statement, including the risk factors and other matters set forth in Mobileye's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 20-F for the year ended December 31, 2014.  Mobileye undertakes no 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.

Company Contact Yonah Lloyd Chief Communications Officer / SVP Business Development yonah.lloyd@mobileye.com

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SOURCE Mobileye N.V.



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