Panache Digilife has signed distribution agreement with Mobileye Vision Technologies for their driver assistance-based products. Mobileye is a global leader in the development of vision technology for Advanced Driver Assistance Systems (ADAS) and autonomous driving and is based in Israel.
Mobileye has innovated many distinctive products & technologies such as Mobileye SuperVision, self-driving vehicles, Vision based FCW, Highbeam systems, Mobileye traffic sign recognition systems, lane departure warning systems, Vision-only forward collision warning system and EyeQ chip. Therefore, this strategic partnership is extremely important as it has given new opportunity to the Company and hence Israel can be a right strategic Indian partner.
This is the one of the initial steps taken by the Company for distribution opportunities; although, Panache will explore many more such distribution opportunities going forward. In addition to this, Panache would also attempt to expand these relationships in terms of manufacturing opportunity, which may open up over a period of time as the Government encourages Electronics manufacturing under AtmaNirbhar policy.
Panache Digilife is engaged in Information and Communication Technology manufacturing, distribution and services.
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