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2015-09-29

Valeo: Valeo reveals the winners of the second Valeo Innovation Challenge

Paris, September 29, 2015
- Valeo today announced the results of its international innovation contest.
For the second year running, Valeo invited students from around the world to
play an active role in automobile innovation by designing the product or
system that will create smarter, more intuitive cars by 2030.

With participation up 40% on last year, 1,324 teams from 89 countries signed
up for a chance to invent and develop bold, revolutionary solutions for the
automobile of 2030.

Valeo experts examined a vast number of projects, primarily in the field of
driving assistance systems, autonomous driving and safety. The engineering
students harnessed all of the opportunities offered by digital technology and
adapted them to the automotive sector to improve safety on board as vehicles
become increasingly autonomous.

Today the three winning teams were selected by a jury chaired by Valeo Chief
Executive Officer Jacques Aschenbroich and made up of eminent figures from
the world of science as well as members of the Valeo group.

First prize
went tothe Chinese team"Falcon View"

fromPeking University
. They came up with a new way for autonomous cars to detect their
surroundings. Instead of using lasers, the team built a cheaper wheel-based
system, using a camera.

Two teams
tied forsecond place:

The German team"Auto Gen Z"

, fromSaarland University
developed a connected system, reinforcing traffic safety. This alternative
system effectively combines the three mirrors in a car into a single wide
screen display.

The Indian team"
M.A.D"

, fromSri Aurobindo International Center of Education
in Pondicherry, also created a connected system reinforcing traffic safety.
Based on satellite navigation, this advanced collision warning system alerts
drivers, in real time, from potentially dangerous conditions.

The winning team was awarded a cash prize of €100,000, while the second teams
took home €10,000 each.

At the end of the ceremony, Valeo kicked off the third annual Innovation
Challenge, which will serve to recognize not only technological innovation,
but also ideas for using cars in new ways. A cash prize of €100,000 will be
awarded to the winner of each category. Students across all disciplines can
sign up now on the contest's dedicated website.

For more information:
https://valeoinnovationchallenge.valeo.com/

With the Valeo Innovation Challenge, Valeo is demonstrating once again that
innovation and R&D are the Group's top priorities. Day in, day out, its teams
are guided by a constant commitment to innovation as they work to invent the
car of tomorrow.

Valeo dedicates nearly 11% of its original equipment revenue to innovation,
which is a priority focus for the Group. Most of its research and development
programs are focused on the design of technologies that reduce motor vehicle
carbon emissions and promote intuitive driving. Ranking among the leading
patent filers in France, Valeo has close to 11,000 researchers in 50 research
and development centers around the world. Valeo has developed a wide array of
innovative products and technologies that represented 35% of its order intake
in 2014.

Valeo was also certified as a "Top Employer" in 22 countries for 2015.

***

Valeo is an automotive supplier, partner to all automakers worldwide. As a
technology company, Valeo proposes innovative products and systems that
contribute to the reduction of CO2emissions and to the development of
intuitive driving.

In 2014, the Group generated sales of €12.7 billion and invested over 11% of
its original equipment sales in research and development. Valeo has 133
plants, 16 research centers, 34 development centers and 15 distribution
platforms, and employs 81,200 people in 29 countries worldwide.

Valeo is listed on the Paris stock exchange and is a member of the CAC 40
index.

For more information about the Valeo Group and its activities, please visit
our website,www.valeo.com

For more information, please contact:

Media Relations
Tel: +33 (0)1 40 55 21 75/37 18/21 20
press-contact.mailbox@valeo.com

Press release (PDF)
http://hugin.info/150658/R/1955088/711680.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: Valeo via Globenewswire

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