Visteon (NASDAQ:VC)
Historical Stock Chart
From Jul 2019 to Jul 2024
Visteon Enhances Electronics Product Capability With Creation of Visteon
Software Technologies
KERPEN, Germany, Feb. 17 /PRNewswire/ -- Visteon Corporation has announced the
creation of a new entity, Visteon Software Technologies SAS. Located in
Sophia-Antipolis, France, a high-tech region known as the French "Silicon
Valley," Visteon Software Technologies SAS will focus on the development of a
wide range of on-board and off-board vehicle navigation systems -- from
low-cost, turn-by-turn navigation to high-end, map-based display systems with
real time updates.
(Logo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO )
"This is a natural progression for Visteon," said Martin Thoone, Visteon's
global director for the Electronics product line. "The creation of Visteon
Software Technologies SAS strengthens Visteon's technological competence in
audio and infotainment, adding navigation expertise to our well-known
integration capabilities and our ability to combine radio systems, speech input
and clusters."
"In the future," Thoone added, "infotainment products will combine such features
as navigation, television and Internet access. Visteon Software Technologies
SAS allows us to apply our automotive systems integration expertise to the
development of easy-to-use interfaces between cars, drivers and passengers."
Visteon Software Technologies SAS was created after Visteon purchased major
software and technology assets of Opteway S.A., which specializes in
object-oriented software andservices for on- and off-board navigation systems.
Off-board systems, in addition to on-board equipment, allow information to be
stored on a CD or DVD for real-time external input into the car. The latest
information can also be sent to the vehicle from different providers via
wireless communication (WiFi, GSM, GPRS, UMTS, Digital Radio). This wireless
technology will allow the introduction of new proximity services with real time
information for updating map data, traffic information, weather androad
conditions, hotel or cinema reservation information, as well as advertising.
The technology can also inform the driver about variable or fixed speed limits
in certain areas, helping to control traffic flow.
"Visteon Software Technologies," said Thoone, "in cooperation with important
information service providers, will allow Visteon to introduce a wide range of
new, in-vehicle applications offering exciting features to the end customers."
Visteon Corporation is a leading full-service supplier that delivers
consumer-driven technology solutions to automotive manufacturers worldwide and
through multiple channels within the global automotive aftermarket. Visteon has
approximately 73,500 employees and a global delivery system of more than 180
technical, manufacturing, sales, and service facilities located in 25 countries.
http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO
DATASOURCE: Visteon Corporation
CONTACT: Media Inquiries: Robin Pannecouk, +1-313-755-9121,
, Europe & South America: Dolores Muniz,
+49.2273.595.2828, , or Investor Inquiries: Derek Fiebig,
+1-313-755-3699, , all of Visteon Corporation
Web site: http://www.visteon.com/