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Smart Eye announces the opening of its first office in China

A growing demand for driver monitoring systems from outside Europe accentuates the need for increased international presence. Smart Eye today announces the opening of its first office in China with Chinese staffing already in place and operational.

Because of increased global interest in driver monitoring technique and Smart Eye’s leading position in the field, the company has for a longer period of time been planning to establish an office in China. Smart Eye is today announcing that the first person has been hired to its new Chinese office that will be situated in Chongqing, in the Sichuan Province of China.  

“As communicated earlier this year we see strong global demand that favors geographical expansion. Consequently, we have strengthened the Detroit site, established an office in Japan and today we launch our first branch office in China. The Chinese market has grown in recent years to become the largest in the world with production of 30 million vehicles and we are there to stay”, says Martin Krantz, CEO of Smart Eye. 

Martin Krantz continues; “The increasing demand for driver monitoring technology, supported by initiatives from organizations such as Euro NCAP and EU, is spreading outside of the European premium market. It shows the necessity of an increased international presence. Intensive market activity and many on-going international procurements are also reasons to our decision to open the new Chinese office.”  

Smart Eye is a leading company in AI-powered eye tracking technology, improving today’s research and tomorrow’s semi-autonomous cars. Smart Eye has a total of 17 automotive design wins making the company an industry leader in driver monitoring system software (DMS). Since 1999 the company has used the latest advances in science to bridge the gap between man and machine, increasing safety and saving lives.  

For more information
Martin Krantz, CEO Smart Eye AB
Phone: +46 70-329 26 98
Email: martin.krantz@smarteye.se

About Smart Eye
Smart Eye was founded to bridge the gap between man and machine for a better tomorrow by developing ground breaking eye tracking technology that understands, assists and predicts human intentions and actions. Through combining deep, technical knowledge with playful creativity, Smart Eye consist of two business units. Its research instruments offer high performance in complex, real-world situations, paving the way for new insights in aerospace, aviation, automotive, psychology, neuroscience, medical and clinical research. Business unit Applied Solutions are embedded in next generation vehicles, helping the automotive industry take another step towards autonomous vehicles.  

Founded in 1999, Smart Eye has offices in Gothenburg, Sweden and Michigan, USA as well as having partners, resellers and distributors in Europe, USA and APAC. Its solutions are used by more than 700 clients all over the world by leading research groups, brands and labs such as US Air Force, Nasa, BMW, Lockheed Martin, Audi, Boeing, Volvo, GM, and many more. 

http://smarteye.se/ 

Smart Eye is listed on First North. Erik Penser is Certified Adviser and can be reached at +46-8-463 8000.

This information is information that Smart Eye AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at June 29th, 2018 at 08:00 CET.