Augmented Navigation Demo Co-developed by Luxoft Was a Success at International CES 2016

Luxoft-developed CVNAR™ computer vision and augmented reality solution used in a demonstration presented by QNX Software Systems at International CES 2016 show.

Luxoft Holding, Inc (NYSE:LXFT), a leading provider of software development services and innovative IT solutions to a global client base, today announced that its CVNAR™ computer vision and augmented reality software framework was successfully used in a demonstration of ADAS and automated driving capabilities presented by QNX Software Systems, a BlackBerry subsidiary, at the International CES 2016 show.

Installed in the QNX® reference vehicle, a modified Jeep Wrangler, the CVNAR™ framework ran algorithms to highlight turn-by-turn navigation arrows, street names, pedestrian crossings, destinations, points-of-interest and forward collision alerts.

In working on the QNX Software Systems demonstration, Luxoft applied road model-based computer vision algorithms for the tracking of objects, such as vehicles, pedestrians, building facades and road signs, to build a road scene reconstruction engine that runs on the full-featured and robust QNX Neutrino® OS.

The road scene reconstruction engine utilizes Luxoft’s proprietary solutions for augmented reality such as advanced augmented guidance, navigation, points of interest (POIs), and destination highlighting.

The Luxoft augmented navigation engine provides precise road positioning to empower semiautonomous driving capabilities.

“The key differentiator of our ADAS solution is that, from the very beginning, we used scientific algorithms to resolve the fundamental problems of computer vision in an in-vehicle environment,”

said Andrey Golubinskiy, Head of ADAS Automotive, Luxoft.

“By applying these algorithms to the vehicle embedded systems and field-testing them, we were able to create a robust and reliable solution. Luxoft’s engineering expertise and continuous R&D investments over the last four years allowed us to build this solution.”

“Next-generation ADAS and automated driving applications need a realtime OS with proven safety credentials; they also need sophisticated computer-vision algorithms to make sense of the world around them,”

said Romain Saha, Strategic Alliance Manager, QNX Software Systems.

“Through their commitment and teamwork, Luxoft helped deliver a solid demonstration for CES that showcases how the right mix of advanced technologies can enable a wide range of applications, from heads-up displays to semiautonomous vehicles.”

Luxoft’s CVNAR™, a computer vision and augmented reality framework, brings together a unique set of features and capabilities and can be used in several ways.

It can be adapted to a particular OEM’s requirements and present a ready-to-use solution on already supported systems-on-chip (SoCs), or it can be made available as a hardware-independent embedded solution that utilizes CPUs, as well as GPUs or DSPs.

The framework can be easily integrated with head-up and LCD displays, and supports smart glasses. Using eye-tracking algorithms and vehicle’s sensor data, augmented navigation provides navigational hints, highlights road obstacles and destinations, and more.

About Luxoft

Luxoft Holding, Inc (NYSE:LXFT) is a leading provider of software development services and innovative IT solutions to a global client base consisting primarily of large multinational corporations.

Luxoft’s software development services consist of core and mission critical custom software development and support, product engineering and testing, and technology consulting. Luxoft’s solutions are based on its proprietary products and platforms that directly impact its clients’ business outcomes and efficiently deliver continuous innovation.

The Company develops its solutions and delivers its services from 27 dedicated delivery centers worldwide. It has over 10,000 employees across 30 offices in 16 countries in North America, Mexico, Western and Eastern Europe, Asia Pacific, and South Africa. Luxoft is incorporated in Tortola, British Virgin Islands, has its operating headquarters office in Zug, Switzerland and is listed on the New York Stock Exchange.

About QNX Software Systems

QNX Software Systems Limited, a subsidiary of BlackBerry Limited, is a leading provider of operating systems, middleware, development tools, and professional services for connected embedded systems.

Global leaders such as Audi, Siemens, General Electric, Cisco, and Lockheed Martin depend on QNX technology for their in-car electronics, medical devices, industrial automation systems, network routers, and other mission- or life-critical applications.

BlackBerry, QNX, QNX CAR, Momentics, Neutrino and Aviage, and related trademarks, names and logos are the property of BlackBerry Limited and are registered and/or used in the U.S. and countries around the world.

All other marks are the property of their respective owners. QNX Software Systems and/or BlackBerry are not responsible for any third-party products or services.

Luxoft, CVNAR™, and related trademarks, names and logos are the property of Luxoft Holding, Inc. and are registered and/or used in the U.S. and countries around the world.

All other marks are the property of their respective owners. Luxoft is not responsible for any third-party products or services.

Forward-Looking Statements

This news release of Luxoft Holding, Inc. (“Luxoft”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934.

These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives.

In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions.

These statements are subject to, without limitation, the risk factors discussed under the heading “Risk Factors” in Luxoft’s Annual Report on Form 20-F for the year ended March 31, 2015 and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft.

Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.

Source: Luxoft
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