BRIEF-Gemini reports Q1 net loss per share of $0.04
* Now expecting revenue for 2017 to be less than 2016 but expects activity to pick up in second half of 2017 into 2018 Source text for Eikon: Further company coverage:
JERUSALEM, April 25 Israeli autonomous vehicle technology firm Mobileye said on Tuesday it forged an agreement with Nissan Motor Corp to create next generation maps to enable safe self-driving cars.
The deal comes after a successful trial last year that culminated in Mobileye's mapping technology being used in Nissan's recent autonomous vehicle demonstration in London.
"We now have significant commitments from multiple global automakers to generate and share data from camera-equipped ADAS (advanced driver-assistance systems) vehicles," said Mobileye Chairman Amnon Shashua, adding the results will add to a global road map that is a critical feature of self-driving autos.
Mobileye, which also is collaborating with German automaker BMW, is in the process of being acquired by Intel Corp , which last month agreed to buy the company for $15.3 billion in a deal that promises to escalate the arms race among the world's carmakers and suppliers to acquire autonomous vehicle technology.
(Reporting by Steven Scheer)
* Ironhorse announces Q1 2017 financial and operating results
* AT&T announces IBEW-represented employees vote to ratify midwest wireline agreement