DETROIT (March 21, 2022) — Ushr Inc. (“Ushr”), a wholly owned subsidiary of Dynamic Map Platform Co., Ltd. (DMP), today announces that the Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) will invest up to approximately €40 million to support DMP’s expansion into Europe, following the decision and receipt of approval from the Minister of the Land, Infrastructure, Transport and Tourism of Japan. In addition, DMP will invest up to €40.5 million to expand its HD map data and software capabilities with a newly established European subsidiary, DMP Europe GmbH (DMP-EU).
Combining the knowledge, opportunity and experience stemming from a previous investment with JOIN in North America (announced on August 20th, 2021), DMP will extend its market leadership to Europe. DMP’s broadened HD map and software portfolio in Europe and other regions will support automakers’ global ADAS feature deployment.
“By building HD map coverage in Europe, DMP and Ushr are taking a significant step forward to support global automakers,” said Christopher Thibodeau, Chief Executive Officer, Ushr Inc. “Survey-grade roadway collection and high-quality feature attribution enables proper vehicle operation for ADAS functions. For the ultimate driver safety and comfort, a lane-level HD map must be complete, lean, and accurate. We are very excited to see that DMP and JOIN are executing their vision for global product expansion.”
Through this investment, JOIN aims to support DMP Group’s expansion of data coverage as well as help Japanese automakers expand their sales of vehicles in Europe equipped with the same HD map and software data format as those sold in Japan and North America.
This investment is also expected to contribute to “Promote the Use of Digital Technologies/Data,” which is one of the strategic pillars defined in the Japanese Government’s “Infrastructure System Overseas Promotion Strategy 2025.” With the international standardization of HD maps anticipated in the future, JOIN plans to support and facilitate discussions and negotiations with public sectors to promote DMP’s technological expertise in overseas markets.
This news was previously announced in Japan on March 11, 2022.
Ushr is the leading geospatial measurement and mapping company supplying HD maps and software for today’s advanced driver assistance systems and tomorrow’s autonomous vehicles. Since 2017, Ushr’s precise HD maps have enabled hands-free driver assistance that is uniquely safe and confident. Ushr is headquartered in Livonia, Michigan, maintains map operations in Lompoc, California, and is a wholly owned subsidiary of Dynamic Map Platform, Japan’s foremost HD map producer.
Dynamic Map Platform Co., Ltd. is a company that provides research, development and commercialization of high precision 3 dimensional (3D) map data used in the realization of autonomous driving and safe-driving support systems, beginning with Japan’s motorways and expanding to overseas markets. For more information, please visit https://www.dynamic-maps.co.jp/en/index.html
For more information, please visit www.ushrauto.com.
Molly Merluzzi | pr@ushrauto.com
DETROIT (January 14, 2022) — Ushr Inc. (“Ushr”), the leading HD map company for advanced driver assistance systems (ADAS) and autonomous driving (AD), today announced that its parent company, Dynamic Map Platform Co., Ltd. (“DMP”) and the Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (“JOIN”) have together agreed to invest up to $100 million to fund Ushr’s high-definition (“HD”) map expansion in North America by increasing HD map coverage to non-highway roads.
“This investment represents a long-term commitment from one of Japan’s leading financial institutions and will supercharge our efforts to scale HD maps to non-highway roads,” said Chris Thibodeau, CEO and President of Ushr. “Ushr’s HD map was the first-to-market in a production vehicle, and we intend to keep investing in additional road coverage in order to meet the future wants and needs of drivers and manufacturers alike.”
DMP and JOIN will establish a joint venture company in which DMP will invest up to $50.5 million and JOIN will invest up to $50 million. The joint venture company will contribute funds to Ushr, which over the past four years, proved that its highly-accurate HD Maps successfully support safety and performance criteria for luxury vehicles’ ADAS systems in North America.
In addition to increasing HD map coverage, the investment from JOIN and DMP will be used to improve Ushr’s abilities to detect and capture changes to roadways and to strengthen Ushr’s software portfolio.
“Ushr has created the most expansive, highest-performing HD Maps for ADAS and autonomous driving in North America,” said Tatsuhiko Takesada, president and CEO of JOIN. “Together with DMP, we are aiming to further fuel Ushr’s map coverage and enhance the scalability of its highly sought-after proprietary mapping database, bringing the best of Japan and the United States together.”
DMP completed its acquisition of Ushr in June of 2019, solidifying its position as the global leader focused on the development and deployment of HD mapping technology and solutions for the ADAS and AD markets.
“We understand that Ushr’s HD Map requires continuous evolution in order to maintain its leading role in the North American market,” said Shuichi Yoshimura, CEO & President of DMP. “We are proud to support Ushr’s growth through this most recent investment.”
This news was previously announced in Japan on August 20, 2021.
Ushr is the leading geospatial measurement and mapping company supplying HD maps and software for today’s advanced driver assistance systems and tomorrow’s autonomous vehicles. Since 2017, Ushr’s precise HD maps have enabled hands-free driver assistance that is uniquely safe and confident. Ushr is headquartered in Livonia, Michigan, maintains map operations in Lompoc, California, and is a wholly-owned subsidiary of Dynamic Map Platform, Japan’s foremost HD map producer.
For more information, please visit www.ushrauto.com.
Media Contact
Shelley Senai | pr@ushrauto.com
DETROIT (April 14, 2021) — Ushr Inc., the leading HD map company for hands-free driver assistance and autonomous driving, today announced a four-year sponsorship of SAE International’s AutoDrive Challenge™ II. Participating university teams will develop and demonstrate an autonomous vehicle (AV) that can navigate urban driving courses as described by SAE J3016™ Standard Level 4 automation. Over the four-year university competition, Ushr will provide HD Maps of each team’s local course and the Mcity Test Facility, located on the University of Michigan-Ann Arbor campus.
“Ushr is proud to provide its HD maps to the university teams selected by SAE for the upcoming AutoDrive Challenge II competition,” said Chris Thibodeau, CEO and President of Ushr. “This four-year competition draws bright and passionate students representing ten of the top automotive engineering programs in the US and Canada. We are honored to have the opportunity to share our HD maps and experience with these amazing students.”
SAE AutoDrive Challenge II is a top competition amongst US and Canadian universities, each university worked hard to apply and be selected. Throughout the four-year competition, participants are required to meet yearly benchmarks for the design and development of their AV systems, while continuing their education through SAE professional development courses.
“We are delighted to have the experienced Ushr team as our HD maps partner for AutoDrive Challenge II,” said Chris Ciuca, vice president of programs at SAE International. “We know that Ushr’s highly accurate HD Maps enable precise vehicle localization and we really look forward to enriching the educational experience through our partnership.”
Each of the competing universities have committed to provide relevant curriculum, vehicle test facilities, undergraduate participation, and faculty and graduate student leadership, for student teams to develop prototype applications relevant to AV implementation.
To learn more information about AutoDrive Challenge II, please visit: http://www.autodrivechallenge.com or https://www.facebook.com/SAEAutoDriveChallenge, or follow along on social media using the hashtag: #AutoDriveChallenge.
Ushr is the leading geospatial measurement and mapping company supplying HD maps and software for today’s advanced driver assistance systems and tomorrow’s autonomous vehicles. Since 2017, Ushr’s precise HD maps have enabled hands-free driver assistance that is uniquely safe and confident. Ushr is headquartered in Livonia, Michigan, maintains map operations in Lompoc, California, and is a wholly-owned subsidiary of Dynamic Map Platform, Japan’s foremost HD map producer.
For more information, please visit www.ushrauto.com.
Media Contact
Molly Merluzzi | pr@ushrauto.com
DETROIT (December 9, 2020) — Ushr Inc., the leading HD map company for autonomous driving, is pleased to have been awarded ISO 9001:2015 certification for its quality management system.
ISO 9001:2015 is a globally recognized quality management standard developed and published by the International Organization for Standardization (ISO). The certification provides a model for companies of all types and sizes to use in building an effective quality management system.
The standard is based on several quality management principles, including having a strong customer focus, the motivation and implication of top management, the process approach and continual improvement.
Ushr’s ISO 9001:2015 certificate (#13132937) was issued by Platinum Registration, Inc., an accredited management system certification body. The scope of Ushr’s certification includes the leadership, financial control, program management and software development of map data for autonomous vehicles at Ushr’s U.S. headquarters (38695 West Seven Mile Road, Ste 110, Livonia, MI 48152, United States) and the collection, processing, and software development of map data for autonomous vehicles at Ushr’s Lompoc location (137 West Central Avenue, Lompoc, CA 93436, United States).
“Working toward this ISO certification demonstrates our commitment to delivering the most accurate maps and software for autonomous driving in the world,” said Chris Thibodeau, CEO and President of Ushr. “In achieving this accreditation, Ushr’s expanding customer base now has added assurance that our products adhere to the highest quality standard.”
Ushr was presented with its ISO 9001:2015 certificate on November 20, 2020.
Ushr is the leading geospatial measurement and mapping company supplying HD maps and software for today’s semi-autonomous vehicles. Since 2017, Ushr’s precise HD Maps have powered hands-free highway driving that is uniquely safe and confident. Today, Ushr’s talented engineers are creating HD maps and software applications for the next wave of semi-autonomous vehicles. Ushr is headquartered in Livonia, Michigan with map operations in Lompoc, California. Ushr is a wholly-owned subsidiary of Dynamic Map Platform, Japan’s foremost HD map producer.
For more information, please visit www.ushrauto.com.
Toyota Research Institute – Advanced Development, Inc. | Dynamic Map Platform Co., Ltd.
TOKYO & DETROIT (March 17, 2020) — On March 17th, 2020, Toyota Research Institute – Advanced Development, Inc. (Headquarters: Chuo-ku, Tokyo, CEO: Dr. James Kuffner, “TRI-AD”) and Dynamic Map Platform Co., Ltd. (Headquarters: Chuo-ku, Tokyo, President: Hiroyuki Inahata, “DMP”) have agreed to a partnership to build a proof of concept (“PoC”) applying the technologies of both companies starting April 2020. This PoC aims to demonstrate the efficient update of DMP’s high definition (“HD”) maps by using TRI-AD’s open software platform, Automated Mapping Platform (“AMP”) to detect and process changes in lane-level road features based on images and other data collected from vehicle sensors.
Demand for high-accuracy and high-quality HD maps for automated driving has been growing with the increased use of automated driving and advanced driver assistance systems (ADAS). It is essential for map building to capture changes in roadway attributes accurately and quickly, and update the maps with high efficiency. The conventional approach detects lane-level changes through on-site surveys using expensive survey vehicles and typically based on planned road construction notices. In this PoC, TRI-AD’s image recognition technology automatically detects changes based on image data collected by commonly available cameras. By helping focus the survey fleet only on areas of change as they occur, it is expected to demonstrate a significant reduction in the cost of operating the fleet and an acceleration of the map update to users including automotive manufacturers.
TRI-AD and DMP will demonstrate the ability to update DMP’s HD maps with an improved efficiency using the automatic change detection technology by TRI-AD’s AMP based on images and other data of roadways in Japan. Aiming to start operation from fiscal year 2021, this PoC will study methods to further improve the frequency of HD map updates, and consider the use of AMP to update map data by Ushr, Inc. (a DMP Group company) that supplies its HD maps in North America.
Mandali Khalesi, Vice President of Automated Driving at TRI-AD said:
“I am delighted to collaborate with DMP, an industry leader in the development and management of high-quality HD maps through automotive manufacturers collaboration, on a map update system using AMP technology. This collaboration enables us to provide up-to-date map data for automotive manufacturers and other users, and accelerate technology development for AMP. Through this PoC, TRI-AD hopes to be able to offer safe and secure automated driving technology to users across the world.”
Hiroyuki Inahata, President at DMP said:
“DMP Group is the leading supplier of HD maps for passenger vehicles in Japan and North America because of its exceptional data accuracy. Now, we seek to maximize the usability of mapped roads by capturing small changes in road elements. With TRI-AD’s AMP change detection technology, DMP Group can improve the coverage and cycle times of map updates. I also believe that this effort will help improve the map update service for all of our clients. We are excited to work together with TRI-AD to extend AMP to other automaker ecosystems. The result will be lower data acquisition costs and better HD map quality for everyone.”
Toyota Research Institute-Advanced Development, Inc. (TRI-AD), located in Tokyo, Japan, was founded in March 2018 for the purpose of developing innovative products that will enable Toyota’s vision, “Mobility for All.” TRI-AD’s mission is to create new technology and advanced safety systems for the world. TRI-AD also oversees Toyota’s newly announced Woven City, that will serve as an incubator for smart city design, connected mobility, and robotics technology from Toyota and its partners. For more information about TRI-AD, please visit: www.tri-ad.global
Dynamic Map Platform Co., Ltd. (DMP) develops and supplies HD maps with centimeter accuracy level essential for estimating the accurate position of the driving vehicle and achieving safe and comfortable driving. DMP acquired Ushr, Inc. and made it a wholly-owned subsidiary in April 2019 to develop and supply HD maps also in North America, in addition to Japan. https://www.dynamic-maps.co.jp/
MEDIA CONTACT
DMP Group to begin full-scale business deployment in North American market
DETROIT (June 26, 2019) —Dynamic Map Platform Co., Ltd. (Headquarters: Chuo Ward, Tokyo, CEO: Tsutomu Nakajima, “DMP”) has acquired all shares of US-based Ushr, Inc. (Headquarters: Michigan, USA, CEO: Chris Thibodeau, “Ushr”) and have completed all procedures required for the acquisition. DMP will hereby add Ushr as a group company and will begin to provide high definition 3D digital maps (“HD Maps”) of 15cm absolute accuracy and <1cm relative accuracy to a wide range of users, not only in the Japanese market but also in the North American market. DMP Group will further expand map coverage from highways to surface roads and from Japan and North America to other regions worldwide.
DMP Group’s HD Map is the only sensor which provides a near-ground truth measurements of road geometry and attribution in a cost-effective manner for mass production vehicles. General Motors integrated Ushr’s HD Map into its Super Cruise™ system, which itself was a first-to-market feature for passenger vehicles. Many other OEMs and suppliers are now considering integrating DMP Group HD Maps into their highly-automated driving systems.
Furthermore, autonomous shuttle manufacturing companies are also initiating the development of autonomous driving systems that incorporate DMP Group HD Maps both within and outside of Japan. Both DMP Group companies have advanced technical capabilities to provide HD Maps suitable for different mobility markets and will strive to meet evolving customer demands from the widespread adoption of advanced driver assistance systems and autonomous driving systems.
DMP Group will provide HD Maps across the spectrum of vehicles—personal, fleet, and commercial—as well as provide data for other uses including infrastructure management, maintenance, simulation and analytics, with the vision of becoming the leading provider of digital infrastructure data which serves as a foundation for a safe, smart, and seamless society.
Ushr, Inc., a DMP Group company, offers automotive manufacturers the most accurate, comprehensive and advanced high-definition map technology available on the market today. Located at the epicenter of automotive development in Detroit, Ushr’s technology and software are shaping the evolution of self-driving technology by providing customers with the reassurance that the paths upon which their vehicles travel are safe, smart and predictable. For more information, please visit www.ushrauto.com.
MEDIA CONTACT
Molly Merluzzi | pr@ushrauto.com
Recognized for Collaboration with GM on the Super Cruise™ Highway Driving Feature
DETROIT (April 9, 2019) — Ushr Inc., creator of high-definition (HD) mapping technology and software for autonomous and semi-autonomous vehicles, was honored by Automotive News with a 2019 PACE Innovation Partnership Award for its collaboration with General Motors (GM) on the Super Cruise™ advanced driver assistance system for the highway.
The award was presented to Ushr and GM during the 25th annual ceremony on April 8, 2019, at the Max M. & Marjorie S. Fisher Music Center in Detroit. The PACE Awards are recognized around the world as industry benchmarks for innovation and are determined by a fully independent panel of judges.
“Having a detailed and precise map of the roadway is crucial for autonomous and semi-autonomous systems to drive hands-free safely, and GM was one of the first OEMs to recognize that,” said Bruce Gordon, CEO at Ushr. “It’s truly an honor to be recognized by Automotive News for our work in this space, and it inspires our team to keep working toward realizing the potential of autonomous vehicle control technology.”
When combined with real-time sensors, Ushr’s HD maps allow self-driving cars to operate on mapped roadways, providing precise lane centering, maintaining smooth control through curves and allowing the vehicle to safely anticipate roadway changes. With the implementation of its precision HD map platform on the Super Cruise system, Ushr became the first-to-market provider of HD mapping technology in an OEM production vehicle.
“General Motors has a strong relationship with Ushr through investments made by GM Ventures and collaboration by the engineers from both organizations,” said Jon Lauckner, General Motors Chief Technology Officer, VP R&D and President, GM Ventures. “Ushr’s high-definition LiDAR mapping technology plays an important role in the functionality of Super Cruise, the advanced driver assistance system for the highway, featured in the Cadillac CT6.”
The Innovation Partnership Award was presented to Ushr and GM for the outstanding level of collaboration between an OEM and supplier. Winners of this award are chosen from an in-depth review of the entire field of 34 PACE 2019 Finalists to identify higher than industry standard, truly excellent, levels of collaboration by an OEM.
For 25 years, the Automotive News PACE Awards have honored superior innovation, technological advancement and business performance among automotive suppliers.
Ushr, Inc. offers automotive manufacturers the most accurate, comprehensive and advanced high-definition map technology available on the market today. Located at the epicenter of automotive development in Detroit, Ushr’s technology and software are shaping the evolution of self-driving technology by providing customers with the reassurance that the paths their vehicles travel are safe, smart and predictable. For more information, please visit www.ushrauto.com.
MEDIA CONTACT
Molly Merluzzi | pr@ushrauto.com
Detroit-Based Startup Recognized for HD Mapping Technology for Autonomous Vehicles
DETROIT (June 8, 2018) — Ushr Inc., creator of high-definition (HD) mapping technology and software for autonomous and semi-autonomous vehicles, received the 2018 Newcomer of the Year Award at the TU-Automotive Awards in Detroit presented on June 5th, 2018. Judged by an array of top industry experts, the TU-Automotive Awards are considered the most anticipated and influential awards of the connected car industry.
When combined with real-time sensors, Ushr’s HD maps allow self-driving cars to operate on mapped roadways, provide precise lane centering, maintain smooth control through curves and allow the vehicle to safely anticipate roadway changes. With the implementation of its precision HD map platform in the new Cadillac Super Cruise™ hands-free highway-driving system, Ushr recently became the first-to-market provider of HD mapping technology in an OEM production vehicle.
“Automakers are increasingly recognizing the critical importance of having a detailed and precise map of the roadway on board their autonomous and semi-autonomous systems,” said Bruce Gordon, CEO at Ushr. “Ushr has precisely mapped every mile of limited-access highway in the U.S. and Canada. It’s an honor to be recognized among so many other innovators in the space.”
By interpreting and communicating street level detail, Ushr’s HD maps function much like a human driver’s memory of the road, providing autonomous vehicles with a long-range view that allows the vehicle to proactively anticipate roadway changes, instead of merely reacting to sensor inputs. Ushr is the only company that interprets and communicates road level detail to the vehicle control system to enable intelligent control decisions.
This year’s TU-Automotive Awards recognized established and emerging companies across 13 different categories; Ushr beat out seven other companies to take home the prize in the Newcomer of the Year category. The TU-Automotive Awards took place the day before the TU-Automotive Detroit Conference and Exhibition.
Ushr, Inc. offers automotive manufacturers the most accurate, comprehensive and advanced high-definition map technology available on the market today. Located at the epicenter of automotive development in Detroit, Ushr’s technology and software are shaping the evolution of self-driving technology by providing customers with the reassurance that the paths their vehicles travel are safe, smart and predictable. For more information, please visit www.ushrauto.com.
MEDIA CONTACT
Molly Merluzzi | pr@ushrauto.com
Ushr Named First Startup to Receive GM’s Innovation Award for its Precision HD Map Technology
DETROIT (April 24, 2018) —Ushr Inc., creator of high-definition (HD) mapping technology and software for autonomous and semi-autonomous vehicles, was named a GM Innovation Award winner during General Motors’ 26th annual Supplier of the Year awards ceremony held Friday, April 20 in Orlando, Florida. GM’s Innovation Award recognizes the top suppliers among thousands of global contenders who introduced innovations that benefit customers.
Ushr was named one of four 2017 Innovation Award winners. With the implementation of its precision HD map platform in the new Cadillac Super Cruise™ hands-free highway-driving system, Ushr became the first-to-market provider of HD mapping technology in an OEM production vehicle. Using high precision LiDAR and camera technology, Ushr has mapped every mile of limited-access highway in the U.S. and Canada. All road features are represented in the map to better than four inches geo-spatial accuracy. When combined with the real-time sensors, Ushr’s HD maps allow self-driving cars to operate on mapped roadways, providing precise lane centering, smooth control through curves and allowing the vehicle to safely anticipate roadway changes.
“We are honored to be recognized among many other automotive innovators,” said Bruce Gordon, CEO at Ushr. “We look forward to continuing our partnership with GM to develop the next generation of autonomous systems.”
During the event, GM recognized 132 of its best suppliers from 17 countries who have consistently exceeded GM’s expectations, created outstanding value or introduced innovations to the company.
GM recognized the most suppliers since debuting the Supplier of the Year event in 1992. More than 45 percent are repeat Supplier of the Year winners from 2016.
“This is an opportunity for General Motors to honor those suppliers who are truly the best of the best,” said Steve Kiefer, GM vice president, Global Purchasing and Supply Chain. “The automotive industry is transforming at an incredible rate. The relationships we have with our supply base means everything when it comes to delivering a strong vehicle lineup today and the cutting-edge vehicles and mobility services of tomorrow.”
Ushr, Inc. offers automotive manufacturers the most accurate, comprehensive and advanced high-definition map technology available on the market today. Located at the epicenter of automotive development in Detroit, Ushr’s technology and software are shaping the evolution of self-driving technology by providing customers with the reassurance that the paths their vehicles travel are safe, smart and predictable. For more information, please visit www.ushrauto.com.
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world’s largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.
MEDIA CONTACT
Molly Merluzzi | pr@ushrauto.com
Combines Leading Providers of HD Mapping Technology in U.S. and Japanese Markets
TOKYO & DETROIT (FEBRUARY 13, 2018) Dynamic Map Platform Co., Ltd. (“DMP”) and Ushr Inc. (“Ushr”) today announced the signing of a definitive agreement under which DMP has agreed to acquire Ushr, which upon closing, will establish a single, enhanced platform for accelerated development and delivery of high-definition mapping solutions. DMP and Ushr are providers of accurate, high quality, high-definition (“HD”) road maps in Japan and North America, respectively.
“DMP and Ushr share common values of progressing autonomous driving and advanced driver assistance systems (ADAS) as well as enhancing occupant safety and comfort through HD map technology,” said Tsutomu Nakajima, President of DMP. “Through the combination, we will be able to offer automotive OEMs a comprehensive HD mapping solution for the North American and Japanese markets, with the ability to expand globally in the future. Further, we will jointly improve the technologies and expand the area of services, accelerating our customers’ ability to deploy autonomous driving and ADAS going forward.”
Using survey-grade LiDAR and camera technology, Ushr has mapped all controlled access highways in the United States and Canada; road features are represented in the map to within approximately four inches of geospatial accuracy. When combined with vehicles equipped with sensors and software enabling autonomous driving, Ushr’s HD maps allow self-driving cars to safely operate on mapped roadways, providing precise lane centering, smooth control through curves and the ability to anticipate roadway changes. Ushr’s market leading HD map technology was integrated into General Motors’ Super Cruise, the industry’s first true hands-free advanced driver assistance system for the highway, and first-to-market in the 2018 Cadillac CT6.
“DMP represents a tremendous partner for Ushr and shares our passion for realizing the potential of autonomous vehicle control technology,” said Bruce Gordon, CEO of Ushr. “Joining forces with DMP will help us to further access the market for self-driving cars and ADAS, particularly as consumer adoption is expected to grow rapidly in the coming years. On behalf of the Ushr team, I look forward to partnering with DMP to build on our success moving forward.”
“From a board perspective, we believe this agreement represents an excellent outcome for Ushr’s customers, employees, partners, and shareholders,” said Scott Ungerer, Founder and Managing Director of EnerTech Capital and Chairman of the Board of Ushr. “Once closed, this unique combination will signify a remarkable step forward for advanced mobility solutions becoming broadly available to consumers.”
Ushr’s investors include: GM Ventures, EnerTech Capital, Emerald Technology Ventures and Forte Ventures. The transaction is subject to customary closing conditions, including receipt of regulatory approval. Terms of the agreement are not being disclosed.
Evercore is serving as financial advisor to Ushr and Wilson Sonsini Goodrich & Rosati is acting as legal counsel. Squire Patton Boggs is acting as legal counsel to DMP.
Ushr Inc. offers automotive manufacturers accurate and comprehensive high-definition map technology. Located at the epicenter of automotive development in Detroit, Ushr’s technology and software are shaping the evolution of self-driving technology by providing customers with the reassurance that the paths their vehicles travel are safe, smart and predictable. For more information, please visit www.ushrauto.com.
Dynamic Map Platform Co., Ltd. is a company that provides research, development and commercialization of high precision 3 dimensional (3D) map data used in the realization of autonomous driving and safe-driving support systems, beginning with Japan’s motorways and expanding to overseas markets. For more information, please visit www.dynamic-maps.co.jp/en.
Forward-Looking Statements
This release contains “forward-looking statements,” which include information concerning the completion of the transaction, the satisfaction of closing conditions to the transaction, the benefits of the combination to each company’s stakeholders, the ability of the companies to realize the anticipated technological and commercial benefits following completion of the transaction, and other information that is not historical information. When used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the company or its customers will realize these benefits or that these expectations will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release. Numerous factors, many of which are beyond the company’s control, could cause actual results to differ materially from those expressed as forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and the company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.