Elektrobit to develop Augmented Reality software as a standalone company within Continental

• Following the successful purchase in July 2015, Continental is consolidating Elektrobit (EB) as a standalone software company
• The Elektrobit (EB) team will continue to develop and sell innovative embedded software and services to carmakers and tier 1 suppliers
• Elektrobit (EB) will develop Augmented Reality (AR) Creator software solution

Regensburg/Erlangen/Baden-Baden, October 14, 2015. Continental today announced Elektrobit (EB) will build the AR Creator software suite that will foster the creation of augmented reality solutions to make driving safer and improve the driver experience. Following the successful purchase in July 2015, Continental is consolidating EB as a standalone software company, which aligns with Continental’s strategy of freedom to act, with a high level of responsibility. EB will continue its focus on developing state of the art software for carmakers and tier 1 suppliers.

From Electromobility to Automated Driving, digitalization is driving the automotive industry and it will further add to the importance of automotive software. Continental’s recent acquisition and strategy to keep EB independent clearly demonstrates that the company intends to drive this trend.

“Software is developing into the single biggest enabler of innovation in the car. With the advent of the more than 1,300 Elektrobit embedded software and system specialists, our focus on high-performing automotive solutions is getting even stronger,” said Helmut Matschi, member of the Executive Board Continental and head of the Interior Division.

Continental and EB have had a successful 10-year business relationship, which precedes the acquisition. Among the more recent contributions EB has made to Continental’s innovative work is the addition of EB street director navigation software and electronic horizon as part of Continental’s Augmented Reality Head-up Display (AR-HUD), first announced in 2014. EB will take over the responsibility for software development for a partial project within AR HUD, the AR Creator (sensor data fusion software and software framework for augmented reality HUDs) starting now.

AR Creator consists of a wide range of software features from EB, like, highly precise lane positioning, environmental modeling and prediction, implementation of modules responsible for functions such as augmentation of navigation data or marking of lanes, user experience, and many more. Based on complex sensor fusion, the AR-Creator augments the scene, when necessary. This will help drivers to intuitively recognize the significance of what they see in front of them.

“As the industry continues to move toward bringing automated vehicles to market, new requirements for leveraging technologies like augmented reality continue to emerge,” said Alexander Kocher, president and managing director Elektrobit. “We are proud to start on this path with Continental and nurture and expand our software know-how. EB will continue to further develop the AR Creator as a software product and sell it to its customers, carmakers and tier 1 suppliers”.

“In the years to come, software will gain even more importance in the car,” said Matschi. “Strengthening of our software and expanding system expertise is, therefore, an investment in the future. The AR-Creator is just one example of what is possible. This change in our industry comes along with a lot of different opportunities and challenges. To align our more than 12.000 software people on the central topics, such as opportunities, tools, agile development or quality we are already having the 3rd Continental-wide software conference this year.”