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MarketScreener Homepage  >  Equities  >  Tokyo  >  Mitsubishi Electric Corporation    6503   JP3902400005

MITSUBISHI ELECTRIC CORPORATION (6503)
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Mitsubishi Electric : Field Testing World's First Autonomous Driving System Using CLAS from Quasi-Zenith Satellite System

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09/26/2017 | 04:11am CEST

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it began field testing the world’s first autonomous driving technology on highways to use a centimeter-level augmentation service (CLAS) broadcast from the Quasi-Zenith Satellite System (QZSS) on September 19. Driving tests will be conducted to verify the possibility of infrastructural driving, utilizing CLAS signals and high-precision 3D maps combined with Mitsubishi Electric’s intelligent driving technology, including sensing technologies such as millimeter-wave radar and cameras.

CLAS is a positioning-augmentation service for high-precision positioning, distributed free of charge in Japan from the QZSS, which operates under the auspices of the Cabinet Office. CLAS is scheduled to begin operating in April 2018 and is currently in the final stages of verification. It is expected to be used for practical applications such as safe-driving assistance and automated driving.

Satellite positioning is used for daily-life solutions that receive positioning signals transmitted by global navigation satellite systems (GNSS*) operated in various countries. The precision of existing solution is limited to within a few meters because of errors due to satellite orbits, satellite clocks and satellite biases as well as local environmental factors such as ionospheric and tropospheric delays. CLAS improves precision by using positioning-augmentation data from a network of continuously operating reference stations (CORS**) administrated by the Geospatial Information Authority of Japan. The data is broadcast via the QZSS to high-precision positioning receivers installed in automobiles that can detect locations with centimeter-level accuracy.
* Navigation satellite constellations such as GPS
** Possesses defined coordinates and observes GNSS satellite parameter.

For the full text, please visit: http://www.mitsubishielectric.com/news


© Business Wire 2017
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Financials (JPY)
Sales 2019 4 565 B
EBIT 2019 -
Net income 2019 260 B
Finance 2019 498 B
Yield 2019 2,52%
P/E ratio 2019 12,14
P/E ratio 2020 11,21
EV / Sales 2019 0,59x
EV / Sales 2020 0,54x
Capitalization 3 178 B
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Number of Analysts 20
Average target price 1 959  JPY
Spread / Average Target 32%
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Takeshi Sugiyama President & Chief Executive Officer
Masaki Sakuyama Chairman
Akihiro Matsuyama Director, Head-Finance & Accounting
Kenji Kondo Head-Information Technology & Development
Hiroki Yoshimatsu Director
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