AMSTERDAM, June 3 /PRNewswire/ --     Mobileye N.V. announced today an agreement with
Visteon Corporation whereby the two companies will jointly develop strategies
and technologies that will control tomorrow's smart headlamp systems. Growing
use of Mobileye on-board camera systems makes it possible to feed information
to Visteon's smart headlamp systems, expanding the possibilities of such
systems. One specific application of the combined technologies may include
automatically switching between high and low headlight beams. Additionally,
other more advanced lighting control strategies are expected, which allow the
driver better viewing with longer-range capabilities.

The advanced lighting strategies made possible by the two
companies would be enabled by camera processing abilities that include
vehicle detection, on-coming and preceding light source analysis and range
estimations. Together these technologies would define the optimal lighting
profile to enable the driver to maximize the viewing range under most
conceivable conditions.

Mobileye will utilize its core vision processing capabilities,
including lane departure warning systems, vehicle detection, high beam assist
and traffic sign recognition, to provide data that will feed the Visteon
headlamp system. Most of these Mobileye technologies have already been
launched by various automobile manufacturers, including Volvo, BMW and
General Motors. The Visteon system will analyze Mobileye's data and convert
it to useful information for its headlamp systems to add higher levels of
intelligence and functionality.

"Adding intelligence to lighting systems fits naturally with
the current path of optimizing the high beam usage in the current high
beam-assist systems introduced by car makers," stated Dr. Gideon Stein, Chief
Scientist of Mobileye N.V.

Dr. Rainer Neumann, Visteon's director, global business
development for lighting, added that "With the additional data that Mobileye
can provide, headlight usage can be elevated to a higher functional level,
allowing the driver to gain maximum viewing range under most conditions and
driving scenarios."

Mobileye is a pioneer in the development of vision systems for
on-board Driving Assistance Systems; providing data for decision making
applications such as Mobileye's Adaptive Cruise Controls, Lane Departure
Warning, Forward Collision Warning, Headway Monitoring, High Beam Assist and
more. Founded in 1999, the company is recognized as the leading provider of
vision-based driver assistance technologies and has been selected by major
automotive companies worldwide for their production vehicles.

To date, Mobileye's technology has been launched by BMW
5-Series, 6-Series, 7-Series, Volvo S80, XC70 and V70 models, and Buick
Lucerne, Cadillac DTS and STS.

In addition to OEM activities, Mobileye produces a complete
off-the-shelf line of products, the Mobileye AWS(TM), (Advance Warning
System), which contains features already in OEM production and new customer
features to be launched by OEMs in the future.

About Mobileye

Mobileye N.V. is headquartered in The Netherlands, with R&D in
Israel and offices in the U.S., Cyprus and Japan. Mobileye is a technological
leader in the area of advanced image sensing and processing technology for
automotive applications, with a product offering covering the entire range of
vision applications. Mobileye's unique monocular vision platform works as a
third eye to help drivers improve safety and avoid accidents, and has the
potential to revolutionize the way we drive. Mobileye's products of software
algorithms bundled into the EyeQ system-on-chip can be found in BMW, GM and
Volvo models since 2007.

Further information on Mobileye can be found at:
http://www.mobileye.com

About Visteon

Visteon Corporation is a leading global automotive supplier
that designs, engineers and manufactures innovative climate, interior,
electronic and lighting products for vehicle manufacturers, and also provides
a range of products and services to aftermarket customers. With corporate
offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Basildon,
UK; the company has facilities in 26 countries and employs approximately
33,500 people.

Further information on Visteon can be found at:
http://www.visteon.com

(c) 2009 Mobileye N.V. All rights reserved.

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    Contact Information for Mobileye:
    Mobileye N.V.
    Jason S. Rudd
    Director of OEM & Tier1 Sales
    Tel: +972-2-541-7309
    jason.rudd@mobileye.com

    Contact Information for Visteon:
    Visteon Corporation
    Melissa Andrade
    Corporate Communications Manager
    Tel: +1-734-710-5546
    mandrad7@visteon.com