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MGA Magna International Inc

49.47
1.83 (3.84%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Magna International Inc NYSE:MGA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.83 3.84% 49.47 48.64 47.97 48.55 3,290,873 01:00:00

Magna lights the way with industry-first D-Optic LED headlamps

13/06/2017 3:00pm

PR Newswire (Canada)


Magna (NYSE:MGA)
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  • Market debut on 2018 Chevrolet Traverse
  • Improved forward visibility with energy-efficient LEDs
  • Customized styling options

TROY, MI, June 13, 2017 /CNW/ - To improve forward visibility for drivers and provide customized styling options for automakers, Magna introduces D-Optic™ LED headlamps. D-Optic lighting represents the next generation of LED headlamps and an auto-industry first by combining multiple high-power LEDs with precise, injection-molded lenses to achieve high performance with efficient energy use.

The 2018 Chevrolet Traverse is the first vehicle to feature Magna’s D-Optic LED headlamps. (CNW Group/Magna International Inc.)

D-Optic lighting is unique for automotive applications because it is scalable and is custom-developed for a vehicle's specific shape and styling. LEDs and lenses can be added or subtracted to suit each unique design. The innovative headlamps make their market debut on the 2018 Chevrolet Traverse.

"Automakers are looking for ways to differentiate vehicle styling and also incorporate the latest in performance and efficiency," said John O'Hara, President of Magna Closures and Mirrors. "Our lighting group is excited to launch D-Optic on the all-new Traverse after working closely with the vehicle team at Chevrolet to create a custom solution."

D-Optic lenses come in four unique prescriptions, each one dedicated to specific performance characteristics. This allows automakers to tailor overall lamp performance to their own preference, whether it is near-field spread or 'comfort light' or maximum range. Magna is able to combine D-Optics to achieve all performance goals.

A conventional headlamp optical system is a collection of multiple parts which require precision geometry and location, while the D-Optic lens consists of a single component. The high-temperature acrylic used in the D-Optic lens allows Magna to mold with the clarity required for a high-efficiency optical headlamp.

This precision lens is then closely coupled with a 1x1 LED at a distance of only 300 microns, about the size of the eye of a needle. This close pairing of lens with light source, combined with multiple LEDs formed into a specific light pattern, results in the optimal balance of performance with efficiency. Additionally, the 1x1 LEDs offer an advantage over other lamps in the market as they do not require active cooling.

D-Optic lighting provides energy efficiency benefits as well. LEDs are more efficient than other light sources, and they last longer. In general, the LED lights in D-Optic provide approximately 60 percent energy-consumption improvement compared to halogen and a 40 percent improvement compared to high-intensity discharge lights.

D-Optic was developed and is manufactured by Magna at its new automotive lighting facility in Plymouth, Mich. Approximately 300 employees work at the 140,000 square foot product development and manufacturing plant, which makes headlamps, tail lamps and other lighting products.

TAGS
Automotive lighting, headlamps, Chevrolet Traverse, D-Optic, industry first

ABOUT MAGNA
We are a leading global automotive supplier with 321 manufacturing operations and 102 product development, engineering and sales centres in 29 countries. We have over 159,000 employees focused on delivering superior value to our customers through innovative products and processes, and world class manufacturing. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, vision, closure and roof systems and have electronic and software capabilities across many of these areas. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.

THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE "FORWARD-LOOKING STATEMENTS" UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA'S REGULATORY FILINGS. PLEASE REFER TO MAGNA'S MOST CURRENT MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA'S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA'S WEBSITE AT WWW.MAGNA.COM.

SOURCE Magna International Inc.

Copyright 2017 Canada NewsWire

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