Pana-Pacific and Mobileye finalize a strategic relationship to improve safety on North American Highways

WESTBURY, New York, March 22, 2012 /PRNewswire/ --

Pana-Pacific and Mobileye have reached an agreement for Pana-Pacific to distribute Mobileye's unique ADAS solution for Collision Avoidance and Mitigation to the commercial vehicle market. Pana-Pacific's engineers will expedite pre-wired and factory-installed options of the Mobileye products with all the CV original equipment (OE) manufacturers. Pana-Pacific's aftermarket sales team will market Mobileye to all the Heavy-Duty Truck Dealerships in the US and Canada. And Pana-Pacific's internal customer service staff will provide all CV Mobileye customers with technical support.

"This is a very important opportunity to improve safety on our highways" said Isaac Litman, CEO Mobileye Inc. "We have invested heavily to make our roads and vehicles safer, and this relationship will go a long way to improving the skills of drivers. Our best in class Mobileye C2-270 will now have accelerated access to the commercial vehicle market - at the production level and in the aftermarket. We're simply delighted to have the opportunity to work with Pana-Pacific."

"As a value-added integrator, Pana-Pacific continues to bring needed technology to commercial vehicle manufacturers and aftermarket dealerships," said John Trenberth, President of Pana-Pacific. "The visibility the Mobileye collision avoidance and mitigation product provides the end-user is invaluable, we look forward to helping facilitating safer trucks."

About Mobileye

Mobileye is the technology leader in Advanced Driver Assistance Systems (ADAS), advancing driver safety through collision prevention and mitigation.

Mobileye's comprehensive solutions have been integrated into the vehicles of manufacturers including BMW, General Motors and Volvo among others.

Mobileye's unique vision based platform, driven by its proprietary chipset and algorithms, works as a third eye, analyzing the risk of forward collision, lane departure, headway  following time, excessive speed and pedestrian hazards in real time and issuing visual and audio alerts to improve safety by helping drivers avoid accidents.

The system is capable of "reading" various types of signs, intelligently controlling hi-beams, and wirelessly connecting to smartphones to offer a number of additional functions. The same technology has been adapted in an aftermarket solution for automobiles and RVs, available through distribution partners, and also has been deployed on commercial trucking, bus and passenger car fleets worldwide.

Mobileye is headquartered in The Netherlands with offices in the United States, Israel, Cyprus and Japan, and research and development operations in the United States and Israel. For more information, please visit: http://www.mobileye.com

About Pana-Pacific

Our dedicated sales and engineering experts have worked side-by-side with Commercial Vehicle (CV) manufacturers for over 39 years, to develop and implement quality products for vehicles that live up to the required standards. Our customers have come to rely on us as the expert in the areas of mobile audio and entertainment, satellite radio, safety, navigation, video systems, communications, mobile appliances and more. Pana-Pacific has a systems-integration approach, which has positioned the company to offer world class products from global companies to the CV manufacturers as well as their dealers and other valued customers. With 14 original equipment (OE) manufacturers as customers Pana-Pacific provides services to approximately 2,200 OE dealers, over 35 OE part distribution centers and thousands of CV fleet companies. At any given time, you will find over 2,000 unique OEM part numbers in stock and available for shipment from our warehouse facility in Fresno, California.For more information, please visit http://www.panapacific.com.

Contact:
Yfat Virzer
Marketing Manager
Mobileye Products
A Mobileye Group Company
Tel: +972 2 541-7384
Cell: +972-54-4728827
[email protected]

http://www.mobileye.com

SOURCE Mobileye