Global automotive supplier DENSO Corporation has entered into a joint development agreement with Morpho, a Tokyo-based company focused on research, development and image processing technology. Under the partnership DENSO and Morpho will jointly develop image recognition technology. This will help DENSO strengthen its safety-related technologies, which is a core focus for the company.
In addition, DENSO and Morpho have signed a share subscription agreement in which DENSO will subscribe to all new shares to be issued by Morpho. This is to ensure the two companies develop a mutually beneficial relationship and successfully conduct joint technology development.
DENSO and Morpho expect to promote the technological development of surround monitoring systems, including electronic rearview mirrors and other advanced driving support systems that use image processing technology and basic research on automated driving.
December 17, 2015
