DGAP-News

HELLA KGaA Hueck & Co.: HELLA and ZF Form Strategic Partnership

DGAP-News: HELLA KGaA Hueck & Co. / Key word(s): Alliance HELLA KGaA Hueck & Co.: HELLA and ZF Form Strategic Partnership 20.06.2017 / 17:30 The issuer is solely responsible for the content of this announcement. HELLA and ZF Form Strategic Partnership

• Firmly in focus: camera systems, imaging and radar sensor technology
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• Partnership for development and marketing aims to produce modern assistance systems and autonomous driving functions for passenger cars, commercial vehicles and off-highway applications
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• Latest vehicle sensor technologies support enhanced safety and pave the way for autonomous driving
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Friedrichshafen/Lippstadt. ZF and HELLA are entering into a strategic partnership. Both automotive suppliers will benefit from this cooperation on sensor technology, particularly for front camera systems, imaging and radar systems. ZF will further strengthen its portfolio as a systems supplier which offers both modern assistance systems and autonomous driving functions, whereas HELLA will drive technological development and benefits from a broader market access with its leading technologies. The first joint development project in camera technology will start immediately, with the objective of a market launch in 2020.

"This strategic partnership for sensor technology with HELLA enhances our position as a complete systems supplier for modern assistance systems as well as autonomous driving functions," says Dr. Stefan Sommer, CEO of ZF Friedrichshafen AG. "This non-exclusive cooperation with HELLA is an important expansion of our Vision Zero ecosystem of development partnerships. Thus, we can create a wider technological foundation for safety and autonomous driving."

Dr. Rolf Breidenbach, CEO at HELLA KGaA Hueck & Co., adds: "HELLA is a strong and experienced provider of sensor technologies. Our knowledge aligns perfectly with ZF's expertise. By combining our strengths, we clearly aim to provide market leading and high performing assistance systems and autonomous driving functions. In addition, this cooperation will strengthen HELLA's position as a well-regarded supplier for imaging and radar sensor technologies."