GILLINGHAM, England – Delphi Automotive PLC (NYSE: DLPH) announced today it has made a strategic investment in an Israel-based leader in signal processing capability – a key enabler for the expanding connectivity and computing needs in vehicles.
“Demand for increased connectivity, active safety and greater vehicle automation requires best-in-class signal and power distribution capabilities along with a robust data management strategy,” said Kevin Clark, Delphi president and chief executive officer. “Delphi’s vision is to enable the ‘brain’ and ‘nerve center’ of the vehicle through our leadership in computing and electrical architecture. This partnership strengthens our capability in this space.”
“The connected car is one of the world’s most remarkable innovations, and we are committed to delivering the necessary infrastructure to realize its potential,” said Dror Jerushalmi, chief executive officer, Valens. “Working with Delphi, Valens is better positioned to accelerate the adoption of HDBaseT Automotive as the technology of choice for in-vehicle connectivity.”
Valens is the developer of HDBaseT, the global standard for transmission of ultra-high definition video, audio, Ethernet and controls data. Valens introduced its HDBaseT Automotive technology to address the challenges of the connected car, including the increasing amount of bandwidth and wiring necessary required for infotainment and advanced driver assistance systems (ADAS).
Delphi and Valens will be working closely together to advance solutions for in-vehicle connectivity based on HDBaseT Automotive and Delphi’s technologies. To further support the commercial partnership, Delphi made a minority investment in Valens.
About Delphi
Delphi Automotive PLC (NYSE: DLPH) is a high-technology company that integrates safer, greener and more connected solutions for the automotive and transportation sectors. Headquartered in Gillingham, U.K., Delphi operates technical centers, manufacturing sites and customer support services in 46 countries. Visit delphi.com.
About Valens
Established in 2006, Valens provides semiconductor products for the distribution of ultra-high-definition (HD) multimedia content. The company's HDBaseT technology enables long-reach connectivity of devices over a single cable and is a global standard for advanced digital media distribution. Valens is a private company headquartered in Israel. For more information, visit www.valens.com, or follow @ValensAuto.
Investor Contact:
Elena Rosman
248.813.5091
elena.rosman@delphi.com
Media Contact:
Zach Peterson
248.561.3640
zachary.peterson@delphi.com
