SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2016
Commission File No. 001-36566
Mobileye N.V.
(Translation of registrant’s name into English)
Har Hotzvim
13 Hartom Street
PO Box 45157
Jerusalem 9777513, Israel
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F ¨
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes ¨ No x
Mobileye NV (“Mobileye”) announced that Mobileye and Nissan Motor Co., Ltd. signed a memorandum of understanding (“MoU”). The MoU reflects the commitment of the two companies to negotiate and enter into a definitive agreement relating to implementation and use of road experience management (REM) technology. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
| Exhibit No. | Description of Exhibit | |
| 99.1 | Press release dated February 23, 2016 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: February 23, 2016
| MOBILEYE N.V. | ||
| By: | /s/ Ofer Maharshak | |
| Ofer Maharshak | ||
|
Chief Financial Officer | ||
Exhibit 99.1
MOBILEYE AND NISSAN AIM TO INTEGRATE MOBILEYE’s ROAD EXPERIENCE MANAGEMENT™ TECHNOLOGY FOR AUTONOMOUS DRIVING
With the addition of Nissan, three of the world’s largest automakers have partnered with Mobileye to integrate its new REM™ Technology
JERUSALEM, Israel – February 23, 2016 – Mobileye N.V. (NYSE: MBLY), the global leader in Advanced Driver Assistance Systems (ADAS) and autonomous driving technologies, today announced that it has signed a Memorandum of Understanding with Nissan aimed to integrate Mobileye's new Road Experience Management™ (REM™) technology into Nissan's fleets. Nissan is the third large automaker to have partnered with Mobileye to integrate its new REM™ technology in addition to General Motors and Volkswagen.
"Adding Nissan and Renault as part of the Renault-Nissan alliance as a REM technology customer is another important step in the creation of a continuously updated high definition data for drivable paths with precise-localization that will meet the requirement for full redundancy to enable safe autonomous driving including city autonomous driving,” stated Prof. Amnon Shashua, co-founder, chairman and Chief Technology Officer of Mobileye. “Renault-Nissan alliance is one of the largest global automakers and a sizable OEM customer of Mobileye in both ADAS and autonomous driving. We view the endorsement of three of the world’s largest global automakers as an acknowledgement of the importance of our innovative proprietary REM technology for autonomous driving.”
Mobileye REM technology shall provide real-time data for precise localization and high-definition lane data that forms an important layer of information to support fully autonomous driving. The technology is based on software running on Mobileye’s EyeQ processing platforms that extracts landmarks and roadway information at extremely low bandwidths, approximately 10kb per kilometer of driving.
About Mobileye
Mobileye N.V. is the global leader in the development of computer vision and machine learning, data analysis, localization and mapping for Advanced Driver Assistance Systems and autonomous driving. Our technology keeps passengers safer on the roads, reduces the risks of traffic accidents, saves lives and has the potential to revolutionize the driving experience by enabling autonomous driving. Our proprietary software algorithms and EyeQ® chips perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. Mobileye’s products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items; identify and read traffic signs, directional signs and traffic lights; create a Roadbook™ of localized drivable paths and visual landmarks using REM™; and provide mapping for autonomous driving. Our products are or will be integrated into car models from 25 global automakers. Our products are also available in the aftermarket.
Forward-Looking Statements
This press release contains certain forward-looking statements. Words such as “believes,” “intends,” “expects,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. Many factors may cause our actual results to differ materially from any forward-looking statement, including the risk factors and other matters set forth in Mobileye’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 20-F for the year ended December 31, 2014. Mobileye undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by law.
| Company Contact: | ||
| Ofer Maharshak | Seth Potter | |
| CFO / SVP | ICR, Inc. | |
| Ofer.Maharshak@mobileye.com | Investors@mobileye.com |