Nidec Announces the Status of Share Repurchases and the Conclusion of the Share Repurchase Plan

FOR IMMEDIATE RELEASE

Nidec Corporation

Tokyo Stock Exchange code: 6594

Contact:

Masahiro Nagayasu

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Released on January 28, 2019, in Kyoto, Japan

Nidec Announces the Status of Share Repurchases and
the Conclusion of the Share Repurchase Plan

(Repurchases of Shares Pursuant to Article 459, Paragraph 1, Item 1 of
the Company Law of Japan)

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the ”Company”) today announces the status of the Company’s share repurchases under its repurchase plan in accordance with the Articles of Incorporation pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.

The Company’s share repurchase plan authorized by the Board of Directors on January 24, 2018 has been concluded as of January 28, 2019. Neither the number nor yen amount of the sharesvrepurchased reached the upper limit of this repurchase plan resolved by the Board of Directors, reflecting the stock ma..

Cummins Implementing New Technologies With Potential to Revolutionize Manufacturing

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AEye Team Profile: Indu Vijayan

On April 11, 2019, AEye’s Technical Product Manager, Indu Vijayan, will speak on “AI & Machine Learning” at SAE World Congress in Detroit, Michigan.
Indu Vijayan is a specialist in systems, software, algorithms and perception for self driving-cars. As the Technical Product Manager at AEye, she leads software development for the company’s leading-edge artificial perception system for autonomous vehicles. Prior to AEye, Indu spent five years at Delphi/Aptiv, where, as a senior software engineer on the Autonomous Driving team, she played a major role in bridging ADAS sensors and algorithms, and extending them for mobility. She holds a BS, Technology in Computer Science from India’s Amrita University, and an MS in Computer Engineering from Stony Brook University.

We sat down with Indu to learn more about why the advancement of edge computing and AI is so critical to the rollout of safe and efficient autonomous vehicles…
Q: What does it mean to implement Artificial Intelligence “at the sensor level”?
AEye’s iDAR is the only artificial perception system that pushes data capture and processing to the edge of the network. We achieve this by fusing LiDAR and camera at the sensor to create the highest quality data collection. Traditional LiDAR scanning methods attribute the same amount of importance to every aspect of a given scene. However, as we know from our own experiences driving, not all objects are perceived with equal priority. When driving, we pay much more attention to the pedestrian standing near a crosswalk than to a tree. In this same sense, cars must be able to perceive like a human would in order to drive safely and efficiently. That means, enabling the sensor to treat different regions or objects with varying degrees of priority, and collecting only the most situationally relevant information.

Q: Why is this favorable to the development of advanced artificial perception systems?
Since iDAR is intelligent, it can efficiently cycle and prioritize sensory information. Meaning, that it only sends the most relevant data to the vehicle’s path-planning system. In a conventional sensor system, layers upon layers of algorithms are needed to extract out relevant, actionable data, which creates too much latency for the vehicle to navigate safely at highway speeds. Say you are driving 60mph along a highway when, suddenly, you hear the siren of an ambulance coming from behind you, quickly closing in. In this instance, you are left with two choices: either stay in your lane and maintain your speed, or safety slow down and/or pull over to the side of the road. Whichever decision you choose is determined by the auditory and visual cues you are receiving from the environment, such as the speed of the ambulance, or the density of the traffic around you.

Just like in human perception, our iDAR system creates feedback loops that can efficiently cycle and prioritize sensory information. When humans gather information from the visual cortex, it creates a feedback loop that helps make each step of visual perception more efficient. Because we mimic this process in our system, we enable similar behavior to be learned and trained in autonomous vehicles so that they can make better, more accurate decisions, faster. Therefore, it is able to continually learn and adapt, so that, over time, it becomes even better at identifying and tracking potential hazards.

And because we only scan for and retrieve the most relevant information in a scene, this ultimately allows for cost and power optimization. For instance, we don’t need high end, mega-powerful processors to produce any of our AI algorithms because when we emphasize data quality over data quantity, we reduce the need for a highly powerful processor hiding in the trunk of the car. This not only makes us more cost effective, but it could allow for the redistribution of the power budget inside an electric vehicle to enable longer range performance, as an example. But most importantly, this allows us to make systems that are scalable and optimized for the full value chain.

Q: You will be speaking at SAE World Congress in Detroit, one of the largest gatherings of automotive industry engineers. Why is it so important for advanced automotive systems developers to regularly meet and discuss new ideas and innovations in the industry?
Ultimately, autonomous vehicles will spark a radical shift in our society. Not only will it make safer and more efficient public transportation accessible to the masses, it will allow us to have the time to accomplish meaningful tasks which would otherwise be lost to a long commute. Engineers are the leaders in bringing about this societal change. The dream of safe, fully automated vehicles is a herculean and challenging task to take on, but it’s one that is desperately needed to move society forward. Opportunities like SAE World Congress allow engineers to brainstorm and put the foundational stones together for a safer tomorrow.

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Fastned Opens Its First 350 kW Charging Station In The UK

Sunderland enriched by this new ultra-fast charging station Fastned just expanded to the United Kingdom, opening not only its first fast-charging station there, but also the first in the UK ready for 350 kW of charging power. It’s located on West Wear Street, which is one of Sunderland’s busiest central routes. Sunderland is also known for its… Continue reading Fastned Opens Its First 350 kW Charging Station In The UK

No-frills no longer: GM’s China brand Baojun attempts a major makeover

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French company buying Roadtrek brand | TheRecord.com – TheRecord.com

WATERLOO REGION — It looks like the Roadtrek recreational vehicle brand will be rescued from receivership. In a news release issued two months after former owner Erwin Hymer Group North America went into receivership, Rapido SAS — a French company that produces the Westfalia brand of RVs — has signed a deal to acquire the… Continue reading French company buying Roadtrek brand | TheRecord.com – TheRecord.com

Elon Musk says Tesla cars will be ‘fully driverless’ by 2020 – and boasts they’ll drive better than YOU – The Sun

TESLA cars could be free to operate completely autonomously as soon as this year – and certainly by “next year at the latest”. That’s the bold claim from car chief Elon Musk, who reckons his driverless motors will be even better than you on the road. Kyle Grillot Eternal braggard Elon Musk reckons his driverless… Continue reading Elon Musk says Tesla cars will be ‘fully driverless’ by 2020 – and boasts they’ll drive better than YOU – The Sun

Waymo CEO John Krafcik explains why a parking lot is one of the most difficult environments for a self-driving car – INSIDER

Since John Krafcik became the CEO of Waymo in 2015, the company has launched the first commercial, autonomous ride-hailing service in the United States. As Waymo‘s ambitions grow, it still has to reckon with the obsessive attention to detail autonomous vehicles require. Self-driving cars must be able to handle complex environments like parking lots. Parking… Continue reading Waymo CEO John Krafcik explains why a parking lot is one of the most difficult environments for a self-driving car – INSIDER

FOCUS-No-frills no longer: GM’s China brand Baojun attempts a major makeover

LIUZHOU, China/BEIJING (Reuters) – By many measures, General Motors’ China brand Baojun has been an exceptional success story, growing at breakneck speed by selling low-cost no-frills vehicles in smaller cities and rural areas. FILE PHOTO: Shen Yang (3rd R), general manager of SAIC-GM-Wuling Automobile, a joint venture of General Motors and its Chinese partners, attends… Continue reading FOCUS-No-frills no longer: GM’s China brand Baojun attempts a major makeover

The new Mercedes-Benz CLA Coupé: Cool, laid-back, exciting: a trendsetter

17.

April 2019

Stuttgart/Munich

Combined fuel consumption 6.7-4.4 l/100 km; combined CO2 emissions 153-117 g/km*

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The new Mercedes-Benz CLA Coupé: The main points at a glance

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The exterior design: Pure emotion

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Powertrain: Clean, strong and comfortable

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Technical data

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