DETROIT, July 3 /PRNewswire/ -- TK Holdings Inc. (a Takata Corporation group company) has purchased the assets of the former Assistware division of Cognex for an undisclosed sum.The acquisition enhances Takata's safety technology in the area of lane departure warning (LDW) systems. These systems use video camera technology to monitor the road while the vehicle is in motion and alert the driver when the vehicle is accidentally veering out of the driving lane or running off the road.
"This acquisition will enhance Takata's capability to deliver automotive, vision based safety products," says Tom Storrs, Senior Executive Officer, Electronics Operations. "The IP acquired has been developed by Cognex and the former Assistware, through years of testing and field experience. There are numerous LDW systems in vehicles today that utilize these specific algorithms to provide enhanced safety to their occupants."
Takata had been working with Cognex to develop an LDW product for the heavy truck market when both companies realized the technology would be better delivered through Takata. TK Holdings, Inc. and Cognex worked together to complete the deal.
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