[September 05, 2011] Belgian Option injects USD1.5m in US Autonet Mobile Tweet Sep 05, 2011 (CORPORATE IT UPDATE via COMTEX) -- 5 September 2011 - Belgian wireless-technology company Option NV (EBR:OPTI) announced today plans for a strategic alliance with US firm Autonet Mobile and an investment of USD1.5m (EUR1.1m) in the in-car connectivity provider. The partnership will use Option's wireless modules and software and Autonet Mobile's technology and telematics control unit (TCU) design to deliver the first mobile IP based TCU for cars. The new system will enable automotive manufacturers from around the world to connect their cars to high-speed mobile networks. Option said the system is to deliver new features that will enable pervasive cloud computing, mobile applications and fleet telematics. "With more than 40m cars produced each year and more than 250m on the road in the US, we see the market of connected cars as an important vertical opportunity," Jan Callewaert, Option's CEO, said in a statement. Option said it expected the partnership to contribute to its financial results as from the first half of 2012. Comments on this story may be sent to [email protected] [ Back To TMCnet.com's Homepage ]