Pleasanton, California / Munich (ots) - One of the most experienced
European Business Executives actively supports NPS with his industry
knowledge and as investor in order to deliver the World's First Zero
Accidents Autonomous Driving Sensing Platform
Neural Propulsion Systems (NPS), a pioneer in autonomous sensing
platforms, today announced that Peter Löscher, former CEO of Siemens
AG, has joined the NPS advisory board as an Executive Advisor.
Löscher is recognized as an industrial and thought leader and as a
strategic investor who is carefully watching "megatrends" and global
business opportunities. His advice is sought and appreciated in the
international corporate world. He will now actively support NPS in
delivering its autonomous driving technologies to achieve zero
As Investor and as an Executive Advisor, Löscher will work with the
NPS executive team to expedite global expansion and growth
opportunities and commercial availability of the NPS AtomicSense(TM)
autonomous driving platform.
"I'm truly excited to join Behrooz, Larry Burns, John Marren and the
entire NPS team, and am energized by their passion and commitment to
advancing the autonomous driving industry," said Peter Löscher. "The
bold vision of NPS of zero accidents is critical for safety and
societal impact. It is remarkable how much the company has
accomplished in demonstrating the advantages of its AtomicSense
autonomous driving platform. But what differentiates NPS most from
its competitors is that the company is already moving forward to the
next phase of autonomous driving based on newly discovered
mathematics and game-changing technology. I look forward to applying
my experience to help NPS realize its vision of zero accidents with
disruptive technology that sets the standard for safety," Löscher
Recent advances in radar, LiDAR, AI processors and analytics can
enable vehicles to sense what lies ahead on roadways, even around
corners, much better and faster than human vision. These advances
must become an integral part of future vehicle designs and roadway
systems. The better vehicles can detect objects in their paths, the
better they can respond (with or without human supervision) to avoid
accidents and help the transportation industry achieve the goal of
zero roadway deaths.
A recent NPS white paper finds that achieving zero deaths requires
sensing and processing a peak data rate of 100 Terabits per second.
Sensing and processing 100 Tb/s can be accomplished by combining
breakthrough analytics, advanced multi-band radar, solid-state LiDAR
and advanced system-on-chip (SoC) technology. This integrated
approach will fuel the development of advanced human driver
assistance systems (ADAS) and fully autonomous driving systems
capable of supporting the zero roadway deaths goal.
"This is a pivotal point in our company trajectory, and Peter is the
absolute right person at the right time to guide us in turning
AtomicSense technology into a game changer position for autonomous
driving," said Dr. Behrooz Rezvani, Founder and CEO at NPS. "By
demonstrating never before seen ultra long-range, all weather radar,
LiDAR and sensing, we were finally able to overcome the natural
skepticism by customers, partners and analysts. Our team is now
executing our early engagements to enable an accelerated scaling to
the next level and to get connected with leading OEMs of the car
industry. Peter's proven track record, his industry wide networks and
right experience, combined with the company's breakthrough
technology, positions NPS to make a huge impact on the transportation
industry. This is truly an exciting time for the company."
Löscher joins the executive advisory team with Dr. Lawrence D. Burns
(former Corporate Vice President of Research & Development and
Planning at General Motors and advisor to Google Self-Driving
Cars/Waymo), VADM David Dunaway (US Navy Ret.), Hinrich J. Woebcken
(former president and CEO of Volkswagen Group of America Inc.) and
Mohsen Moazami (former Sr. Executive at Cisco and Managing Partner at
Seif Capital). He will work closely with the board of directors:
Behrooz Rezvani (former Quantenna, Ikanos), Bobby Yazdani (Cota
Capital), Elizabeth Cross (Ariat) and John Marren (Temasek, AMD and
former TPG Capital).
"Naming Peter an executive advisor to NPS will kick off a new phase
for the company as it
reimagines autonomous vehicle technology that sets the industry
standard for both safety
and reliability," said Bobby Yazdani, Partner and Co-founder of Cota
Capital. "At Cota, we
work closely with exceptional leadership and advisory teams who bring
enduring ideas to life and are excited that Peter is joining the NPS
team to contribute his invaluable perspective."
"NPS is a company with huge potential," said John Marren, Senior
Managing Director at Temasek, Director of AMD, and Member of NPS
Board of Directors. "We welcome Peter and look forward to leveraging
his knowledge, experiences and broad international business
perspectives as we continue to lead the autonomous driving transition
and execute on the opportunities ahead."
Löscher is the former President and CEO of Siemens AG, along with a
professional career that spans over 3 decades in various leadership
positions in the industrial, medical and pharmaceutical industries.
Currently, he is Chairman of the Supervisory Board of Telefónica
Deutschland Holding AG, Germany. He is also Board Member of
Telefónica S.A., Spain, and Royal Philips, Netherlands. He is
Non-Executive Director of Doha Venture Capital LLC, Qatar. He holds
several positions as advisor in finance, science and culture related
institutions and has a track record as a strategic investor in
science and innovation driven companies.
About Neural Propulsion Systems (NPS)
Founded in 2017 by Silicon Valley luminaries, NPS develops AI
Technology to enable Zero Accidents. The NPS AtomicSense Platform
achieves results that reach the information-theoretic limits of what
is mathematically possible. Find NPS on the Web, Twitter and
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