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2015-10-01

STMicroelectronics: STMicroelectronics and Autotalks Finalize Mass-Market V2X Chipset to Meet Upcoming US Mandate on Connected Road Safety

Design-ins of the secure V2X solution for Smart-Driving platforms to begin
with leading vendors in 2016

Geneva, Switzerland, and Kfar Netter, Israel, October 1, 2015
- STMicroelectronics (NYSE: STM), a global semiconductor leader serving
customers across the spectrum of electronics applications, and Israel-based
Autotalks, a V2X[1]-chipset market pioneer and leader in the first wave of
V2X deployments, are preparing to release their second-generation V2X chipset
and will begin design-ins with leading vendors of Smart-Driving systems in
2016.

V2X technology connects vehicles to other vehicles (V2V) and infrastructure
(V2I) within wireless range for safety and mobility applications, such as
sharing advanced warnings of unseen hazards or coordinating with traffic
signals to minimize queuing. Leading auto brands are currently working with
technology partners to finalize V2X systems to be built into new vehicles
starting from 2017. The US National Highway Traffic Safety Administration
(NHTSA) announced in May 2015 a series of steps to speed development of
life-saving technologies, accelerating the schedule of the mandate to install
V2V on all new vehicles.[2]

ST and Autotalks began co-developing their advanced chipset for V2X in 2014,
combining resources to deliver a superior-performing solution within a short
timeframe. The joint project targets a flexible solution capable of
integrating with a wide range of customer system architectures for V2X system
cost optimization.

Using advanced cryptographic engines, the chipset introduces uncompromised
verification capacity for 100% of all messages sent over the air, assuring
the processing of all required safety messages, while minimizing security
risks from unauthorized access. The ST/Autotalks solution is agile and
upgradable to support even more complex security schemes as these emerge in
the future.

Autotalks' technology has already been selected by multiple customers who
completed their software development on the existing mature, production-ready
first-generation system. The software environment's forward compatibility
ensures full leverage and a smooth transition to second-generation systems.

Autotalks' leading V2X technology and vast system expertise, combined with
ST's high-end Teseo multi-constellation GNSS[3]technology, brings a superior
V2X solution offering. The complementing competencies of both companies are
clearly a key strength of the collaboration.

The new chipset achieves low power consumption, high temperature range, high
integration and efficiency, and is designed to meet the rigorous requirements
for safety-critical systems and autonomous vehicles.

"V2X is a key to Smart-Driving and is about to transform road users'
expectations in terms of safety, congestion, and environmental impact," said
Nir Sasson, CEO, Autotalks. "Working with ST, we are already preparing for
the next generation of V2X chips to support even greater security,
performance, functionality and affordability."

"We are on schedule to complete this Smart-Driving project within our
published 2017 timeframe, realizing best-in-class performance and feature
integration that will ultimately lead to safe and eco-friendly driving
experience," said Antonio Radaelli, Infotainment BU Director,
Micro&Infotainment Division, Automotive Product Group, STMicroelectronics.
"Our design philosophy also looks forward to forthcoming intelligent
transport concepts such as autonomous vehicles, creating a springboard for
our customers to lead the drive towards smarter, safer, sustainable
mobility."

About STMicroelectronics

ST is a global semiconductor leader delivering intelligent and
energy-efficient products and solutions that power the electronics at the
heart of everyday life. ST's products are found everywhere today, and
together with our customers, we are enabling smarter driving and smarter
factories, cities and homes, along with the next generation of mobile and
Internet of Things devices.

By getting more from technology to get more from life, ST stands for
life.augmented.

In 2014, the Company's net revenues were $7.40 billion, serving more than
100,000 customers worldwide. Further information can be found at www.st.com

About Autotalks Ltd.

Autotalks enables the vehicle-to-vehicle and vehicle-to-infrastructure
communication revolution by providing automotive qualified VLSI solutions,
containing the entire ECU functionality. The unique technology of Autotalks
addresses V2X challenges: communication reliability, communication security,
positioning accuracy and vehicle installation while maintaining flexibility
for V2X system cost optimization. Further information can be found
atwww.auto-talks.com

For Press Information Contact:

Autotalks
Ram Shallom, Director of Marketing
+972-9-8865-300
ram.shallom@auto-talks.com

STMicroelectronics
Michael Markowitz
Director Technical Media Relations

+1 781 591 0354
michael.markowitz@st.com

---------------------------------------[1]V2X: Vehicle-to-Everything communications
[2]http://www.nhtsa.gov/About+NHTSA/Press+Releases/2015/nhtsa-will-accelera...

[3]GNSS: Global Navigation Satellite System, including GPS, GLONASS and
Galileo constellations

ST and Autotalks Finalize V2X Chipset
http://hugin.info/152740/R/1956039/712375.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: STMicroelectronics via Globenewswire

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