July 17, 2024

Press Release Pyrenee Inc. Receives Investment from System Location Co., Ltd., a Major Business Support Provider of Automobile Finance, to Accelerate the Spread of Safe Driving Assistance Devices and New Business Development Pyrenee Inc. (Head Office: Chuo-ku, Tokyo; CEO: Ryuta Mino; hereinafter "Pyrenee") announces that it has received investment from System Location Co., Ltd. (Head Office: Meguro-ku, Tokyo; President and CEO: Takehiko Chimura; hereinafter "System Location"). Through this investment, in order to realize a safer mobility society, System Location aims to support the establishment of a sales system for users nationwide through its network with auto leasing companies, rental car companies, new car dealerships, etc. nationwide, as well as the development of accident prevention software using Pyrenee Drive and related mobility software, and to link System Location's vehicle model database and used car big data with Pyrenee Drive data. About Pyrenee Drive Pyrenee Drive is an AI driving assistant that is attached to the dashboard of an existing car. More than 70% of all traffic accidents are caused by drivers unconsciously overlooking something that is in their field of vision (according to the Tokyo Metropolitan Police Department). To address this issue, Pyrenee Drive uses deep learning technology to detect pedestrians and cars on the road and predict the risk of a collision. If it detects a risk of collision, it will quickly notify the driver by voice to prevent accidents and support safe driving. About Pyrenee, Inc. Pyrenee, Inc. is a startup company founded in 2016. It is developing a retrofit AI driving assistant called "Pyrenee Drive" that aims to significantly reduce accidents by becoming a driver's partner and preventing human error (oversight and misjudgment), which is the cause of more than 90% of car accidents. About System Location, Inc. System Location, Inc. is a company that provides systems that statistically analyze huge amounts of transaction data from all over the country and calculate not only the current value of cars but also their future value, car databases, and various solutions based on these to the automotive industry. Leveraging its extensive know-how and track record, it develops and provides systems and services that meet customer needs. Company page: https://www.slc.jp/ (external link)