DENSO Forges Partnership with Morpho, an Image Processing Technology R&D Company
― Forming a capital alliance to promote the development of safety technology ―
KARIYA (Japan) ― Global automotive supplier DENSO Corporation (TYO 6902) today has entered into a joint development agreement with Morpho, Inc. (TYO 3653), a Tokyo-based company focused on research, development and image processing technology. Under the terms, DENSO and Morpho will jointly develop image recognition technology that uses image processing technology and engage in * deep learning. This joint development agreement will help DENSO strengthen its safety-related technologies, which is a core area of focus for the company.
In addition, DENSO and Morpho signed a share subscription agreement in which DENSO will subscribe to all new shares to be issued by Morpho. This agreement is to ensure the two companies develop a mutually beneficial relationship and successfully conduct joint technology development.
DENSO and Morpho expect to promote the technological development of surround monitoring systems, including electronic rearview mirrors and other advanced driving support systems that use image processing technology and basic research on automated driving using * deep learning.
DENSO will work with Morpho to enhance and accelerate the development of technology that can contribute to a safer and more secure automotive society. DENSO has developed products and technology to help build a society free from road accidents. By using the technologies that it has accumulated over the years, DENSO will continue to work on the creation of an automotive society that is safe and secure for all people, including drivers and pedestrians, around the world.
DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world’s major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs nearly 146,000 people. Consolidated global sales for the fiscal year ending March 31, 2015, totaled US$35.9 billion. Last fiscal year, DENSO spent 9.2 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.
Morpho, Inc., established in 2004, has built substantial brand recognition in the field of software image processing for mobile devices. Customers utilizing Morpho, Inc.’s software technologies include carriers, processing platform providers and mobile device manufacturers making the company a global player in mobile imaging. For more information visit http://www.morphoinc.com/en/ or contact firstname.lastname@example.org.
* Deep learning is a branch of machine learning based on a set of algorithms.