- Autoliv Inc ALV collaborates with snow sports and cycling protection provider POC to develop bicycle and e-bike helmets with airbag technology.
- The product from the partnership is expected to improve head protection and reduce the consequences of an impact.
- The airbag would act as the initial energy absorber while the underlying helmet would be the following energy absorber.
- It is estimated that the risk for a bicyclist to sustain moderate to fatal head injuries is reduced from 80% to 30% in a 20 km/h (12 mph) impact with the use of a helmet with airbag technology, according to Autoliv’s research team.
- Price Action: ALV shares closed higher by 0.41% at $76.03 on Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in