On Call, Mobileye (MBLY) Notes Two Additional Agreements for Level 4 Autonomous - Wells Fargo

November 15, 2016 11:19 AM EST
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Wells Fargo analyst Richard Kwas provided takeaways from Mobileye's (NYSE: MBLY) conference call. The analyst noted the company has four agreements for Level 4 autonomous (i.e., fully autonomous with few limitations) up from two previously. One of the agreements is with a non-traditional OEM that will launch late this decade. In the firm's views this is an incremental validation of the company's technology.

in addition, the Road Experience Management (REM) agreement with VW was characterized as being imminent.

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