Valeo Wins 9 New Contracts With the Park4U(TM) System

PARIS, July 25 -- Following the successful launch and market success of the VW Touran equipped with the Valeo revolutionary parking assistance system Park4U(TM), Valeo announces 9 new contracts with 5 European car brands. This ultrasonic technology-based driving assistance system, a world premiere, automatically steers the car into the parking slot in a few seconds. Drivers can take their hands off the wheel, but keep their eyes on the road as they control the braking and acceleration of the operation at any time.

"We are pleased that more and more customers recognize the benefits of our system, which offers intuitive and easy parking for city drivers" says Valeo's Chairman and CEO, Thierry Morin.

The Park4U(TM) is a new standard of simplicity for parking, as it provides increased comfort and ease of use. This safe and affordable technology developed by Valeo, world leader on the global ultrasonic park assist market, relies on only two additional ultrasonic sensors compared to the four front and four rear sensors commonly used for parking assistance.

Valeo is an independent industrial group dedicated to the design, production and sale of components, integrated systems and modules for cars and trucks. It is one of the world's leading automotive suppliers. The Group has 131 production sites, 68 R&D centers, 9 distribution platforms, and employs 71,100 people in 29 countries worldwide.

For more information about the Group and its activities, please visit our web site http://www.valeo.com

For all additional information, please contact: Claire Vidal Pilo, Product &Technology Communication, Tel: +33-1-40-55-21-26, claire.vidal-pilo@valeo.com