Mobileye launches first camera-only speed assist system that meets new EU standards

Shares of Mobileye Global Inc.

were indicated up more than 1% in premarket trading Tuesday, after the autonomous driving technologies company announced the launch of the first camera-only Intelligent Speed Assist software system for automakers that meet new European Union standards. The company said the new software system, which doesn’t need to rely on third-party map and GPS data, has been certified for use in all 27 EU countries, as well as Israel, Norway, Switzerland and Turkey.

were indicated up more than 1% in premarket trading Tuesday, after the autonomous driving technologies company announced the launch of the first camera-only Intelligent Speed Assist software system for automakers that meet new European Union standards. The company said the new software system, which doesn’t need to rely on third-party map and GPS data, has been certified for use in all 27 EU countries, as well as Israel, Norway, Switzerland and Turkey.

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