Under the heading of "cool but creepy", Mobileye (MBLY), whose software and applications enable hands-free driving, debuts today on the NYSE.
Mobileye’s proprietary software algorithms and EyeQ® chip (now in its 3rd generation) perform detailed interpretations of the visual field in order to anticipate possible collisions with other licensed vehicles, pedestrians, animals, debris and other obstacles.
They posted rapid revenue growth of late and reported a $19.9 million profit last year, reversing a year-earlier loss, according to its prospectus. Its products were installed in about 3.3 million vehicles through March 31 and obviously growing. They have also filed 15 patents thus far on their technology including several on their collision warning systems which one would believe is where the true value lies from a buyout perspective.
With more than 15 years of research and development and data collected from millions of miles of driving experience present a significant technological lea
