Autonomous Trucks
Blacksburg, Va, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Torc Robotics, an independent subsidiary of Daimler Truck AG and a pioneer in commercializing self-driving vehicle technology, announced today that it has signed an agreement to acquire Algolux Inc. Torc is acquiring Algolux for its award-winning intellectual property and expertise in the areas of computer vision and machine learning. “We’re thrilled to welcome Algolux to the Torc family,” said Peter Vaughan Schmidt, Torc CEO. Robust perception technology is key to helping Torc's autonomous system correctly identify objects in difficult visual conditions such as low light, fog, or inclement weather. Algolux software is currently operating on initial Freightliner Cascadia test vehicles and is being included in areas of Torc's software development efforts. Founded in 2005 at the birth of the self-driving vehicle revolution, Torc has 17 years of experience in pioneering safety-critical, self-driving applications.