We are pleased to announce that we have entered into a partnership with ABD Solutions, a group member of AB Dynamics Group Plc the leading supplier of automotive testing systems in UK, to development of retrofit automated driving system.
ABD Solutions will be responsible for the development of the system, and we will be responsible for the sales of the developed and manufactured system. The purpose of this partnership is to realize autonomous driving in factory premises by retrofitting special vehicles running in factory premises with an automated driving system that incorporates obstacle detection functions.
We believe that retrofit autonomous driving systems for all existing vehicles, regardless of model, will be a great business opportunity for both companies, as there will be a great need for such systems during the phased switchover period to fully automated vehicles that will be introduced in all manufacturing sites.
We also expect that this business development will deepen KBK's knowledge in the field of autonomous driving and increase its presence in this field.
In the future, when the trend toward autonomous driving in Japan accelerates in earnest, we are confident that we will be able to expand our business and capture new markets.