Release date: 12 July 2019
Promoter – Financial Intermediary
PROPHESEE SALocation
Description
The project concerns the company's development of event-based sensing technologies and applications in the areas of Industrial Automation, Consumer Electronics and VR/AR and Autonomous Driving solutions. The investments include the relevant RDI activities and capital expenditures for the development activities.
Objectives
The main objectives include development of: * Sensor hardware; * Processing software, including artificial intelligence (machine learning) functionalities; * Reference applications in the areas of: - industrial automation. - automotive. - consumer applications and IoT. Capital Expenditures include primarily investments for masksets for the production of integrated circuits for R&D and small demo production series.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 20 million
Total cost (Approximate amount)
EUR 73 million
Environmental aspects
All project activities take place in existing locations. R&D activities are not listed in any annexes of the Directive 2014/52/EU amending the EIA Directive 2011/92/EU. Also, the capital investments concern primarily equipment and tools that do not require any environmental assessment or authorisations either.
Procurement
The Company is a private sector company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU Public Procurement Directives. Nevertheless, the procurement policies and the supply management characteristics as presented to the Bank are considered acceptable.
Status
Signed - 11/07/2019
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).