Alamo Group Inc
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Industrials : Machinery | Small Cap Blend
Company profile

Alamo Group Inc. is engaged in designing, manufacturing and servicing quality vegetation management and infrastructure maintenance equipment for governmental, industrial and agricultural use. The Company operates through two segments: Vegetation Management Division and Industrial Equipment Division. The Vegetation Management Division includes all its agricultural activities and mowing and forestry/tree care operations, including Morbark and Dutch Power business. The Industrial Equipment Division includes its vocational truck business and other industrial operations, such as excavators, vacuum trucks, street sweepers, and snow removal equipment. The Company sells its products primarily through a network of independent dealers and distributors to governmental end-users, related independent contractors, as well as to the agricultural and commercial turf markets. The Company operates approximately 29 plants in North America, South America, Europe and Australia.

Price
Delayed
$147.34
Day's Change
0.62 (0.42%)
Bid
--
Ask
--
B/A Size
--
Day's High
147.54
Day's Low
145.50
Volume
(Light)

Today's volume of 14,159 shares is on pace to be much lighter than ALG's 10-day average volume of 38,473 shares.

14,159

Geely Holding Group Expands Mobileye Collaboration

7:00 am ET September 26, 2022 (BusinessWire) Print

--NEWS HIGHLIGHTS

Mobileye and Geely Holding Group announced today the expansion of their ongoing collaboration for advanced driver-assistance systems (ADAS) and autonomous vehicle technology. The announcement follows the successful launch of the ZEEKR 001 premium electric vehicle (EV) with Mobileye SuperVision(TM) technology, with more than 40,000 vehicles already on the road and ahead of an over-the-air (OTA) update that will unlock SuperVision's full capabilities.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220926005067/en/

Building on the success with the premium electric mobility technology brand ZEEKR, three additional brands under the Geely Holding Group umbrella are set to globally launch electric vehicle models with Mobileye SuperVision technology beginning next year. ZEEKR will also introduce Mobileye SuperVision on two new EV models, as well as developing new lidar-based features with Mobileye.

"We have proudly worked with ZEEKR, our strategic partner, on the first consumer deployment of SuperVision technology, demonstrating both its on-road capabilities and its ability to evolve through over-the-air updates," said Prof. Amnon Shashua, Mobileye president and chief executive officer. "This is only the beginning of potential applications for this technology, and with these new projects, we will demonstrate how SuperVision can be adapted to any brand's specific needs."

An Conghui, president of Geely Holding Group and CEO of ZEEKR Intelligent Technology, said: "Mobileye is an important strategic partner for ZEEKR. As the cooperation between ZEEKR and Mobileye continues to deepen, Mobileye's globally leading intelligent driving technologies will be used in more ZEEKR models in the future. ZEEKR is committed to openness and integrating future technologies in various fields to provide our users with better intelligent drive experiences."

ZEEKR 001 customers already benefit from constantly upgrading surround vision-based, highway-assist capabilities with special safety features. The system is expected to receive full SuperVision capabilities through over-the-air updates by the end of this year that will bring ZEEKR customers' driving experience to the next level.

Mobileye SuperVision is powered by two 7 nanometer EyeQ(R)5 system-on-chip. It supports point-to-point assisted driving under a wide range of road types - from highway, arterial and rural to urban. Mobileye SuperVision enables the vehicle to change lanes autonomously, navigate intersections and manage key driving priorities, as well as powering automated parking and preventive steering and braking. The Mobileye SuperVision system uses 11 high-resolution cameras - seven long-range and four parking cameras - to provide full visual coverage surrounding the vehicle.

About Intel

Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore's Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers' greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel's innovations, go to newsroom.intel.com and intel.com.

About Mobileye

Mobileye is a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver-assistance systems and autonomous driving. Mobileye's technology helps keep 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. Mobileye's proprietary software algorithms and EyeQ(R) chips perform detailed interpretations of the visual field to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. Mobileye is a wholly owned subsidiary of Intel (Nasdaq: INTC). For more information, visit http://www.mobileye.com.

Forward-Looking Statements

Statements in this press release that refer to future plans and expectations are forward-looking statements that involve a number of risks and uncertainties. Words such as "anticipates," "expects," "intends," "goals," "plans," "believes," "seeks," "estimates," "continues," "may," "will," "would," "should," "could," and variations of such words and similar expressions are intended to identify such forward-looking statements. Statements that refer to or are based on estimates, forecasts, projections, uncertain events or assumptions, including statements relating to future products and technology and the availability and benefits of such products and technology, expectations regarding customers, market opportunity, and anticipated trends in our businesses or the markets relevant to them, also identify forward-looking statements. Such statements are based on current expectations and involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Important factors that could cause actual results to differ materially are set forth in Intel Corporation's ("Intel") SEC filings, including Intel's most recent reports on Forms 10-K and 10-Q, which may be obtained by visiting Intel's Investor Relations website at www.intc.com or the SEC's website at www.sec.gov. Mobileye and Intel do not undertake, and expressly disclaims any duty, to update any statement made in this press release, whether as a result of new information, new developments or otherwise, except to the extent that disclosure may be required by law.

(C) Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220926005067/en/

SOURCE: Intel Corporation">

Justin Hyde
1-202-656-6749
justin.hyde@mobileye.com
comtex tracking

COMTEX_415299144/1006/2022-09-26T07:00:00

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