QIS Update #7 - 2018 - NTG Clarity Networks awarded grant for in-vehicle console development - May 10th 2018
Included in this update:
- NTG Clarity Networks wins $963,400 grant for in-vehicle console development
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NTG Clarity Networks Inc. (NCI:TSX-V)
Current Price: $0.06 (coverage commenced Feb. 4/10 - $0.045)
NTG CLARITY NETWORKS INC. AWARDED A $963,400 CAD GRANT FOR DEVELOPING AUTONOMOUS VEHICLE USER INTERFACE
NTG Clarity Networks Inc. has been approved for a grant in the amount of $963,400 toward the development of an in-vehicle console system developed with usability principles and best practices, based on the latest research in human computer interaction. This system will standardize what is currently developed ad hoc by vehicle manufacturers and provide a model for regulatory bodies to develop standards for in-vehicle console displays.
In a field that is rapidly moving away from traditional analog displays toward entirely digital displays, it is critical to develop vehicular console displays that lead to improved driver awareness and understanding while minimizing distraction. The developed console will present the most relevant and critical information to the driver at any given time based on a multitude of intra- and extravehicle stimuli. By training the system on an artificial intelligence platform connected to a driving simulator the company intends to optimize for usability and minimize driver distraction.
This project brings together the expertise of industry leaders to tackle a problem that many drivers face when first attempting to navigate the display and features of a vehicle. By relying on research-driven usability principles, the company aims to create digital consoles that appeal to drivers of varying backgrounds, ages and technical skill levels, maximizing their safety and empowering them with the information that is most relevant to their driving experience at any point in time.
"This two-year project demonstrates NTG Clarity's commitment to capitalize on its existing technologies and experience to develop state-of-the-art systems, and to be one of the leaders in this important emerging field of autonomous vehicles," said Kristine Lewis, NTG Clarity's president.
QIS Capital: This is a new and exciting development for NTG Clarity. We understand that the grantor cannot be named until they make an official press release but it appears to be a major stakeholder in the industry given the size and nature of the grant. NTG Clarity would be able to use its proprietary software to open up new revenue channels worldwide with this technology. The company should be reporting its Q1 results in the next two weeks and we look forward to getting a snapshot of what to expect in terms of financial performance for 2018.