Global automotive supplier DENSO Corporation entered into a joint development agreement with Morpho Inc. a Tokyo-based company focused on research, development and image processing technology.
Under the terms, DENSO and Morpho will jointly develop image recognition technology that uses image processing technology and engage in deep learning. This joint development agreement will help DENSO strengthen its safety-related technologies, which is a core area of focus for the company.
In addition, DENSO and Morpho signed a share subscription agreement in which DENSO will subscribe to all new shares to be issued by Morpho. This agreement 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 using deep learning.
DENSO will work with Morpho to enhance and accelerate the development of technology that can contribute to a safer and more secure automotive society. DENSO has developed products and technology to help build a society free from road accidents. By using the technologies that it has accumulated over the years, DENSO will continue to work on the creation of an automotive society that is safe and secure for all people, including drivers and pedestrians, around the world.
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