2022-12-07 | NDAQ:LIDR | Press Launch

2022-12-07 | NDAQ:LIDR | Press Launch

On December 6, 2022 AEye, Inc. (NASDAQ: LIDR), Owl Autonomous Imaging (Owl AI), and GPR offered the newest options in automotive sensing and transportation applied sciences at a briefing for Japanese automotive {industry} executives hosted by Ambassador Rahm Emanuel at america Embassy in Tokyo.

This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/information/residence/20221207005278/en/

2022-12-07 | NDAQ:LIDR | Press Launch

Ambassador Rahm Emanuel shares opening remarks at a reception with know-how leaders from AEye, Owl AI, and GPR. (Photograph Credit score: The U.S. Embassy)

The occasion highlighted the cutting-edge know-how developed by these firms and the strong and strategic automotive commerce relationship between america and Japan. The U.S. and Japan boast one of many largest commerce relationships on the earth, with bilateral funding and commerce totaling $1.6 trillion yearly.

AEye, Owl AI, and GPR, trailblazers within the automotive mobility sensing know-how {industry}, every create important elements of a sensor fusion system that features lidar, cameras, and radar. These applied sciences present probably the most strong and secure answer for autonomous mobility and transportation.

AEye CEO Blair LaCorte launched adaptive lidar and defined how AEye’s 4Sight™ Clever Sensing Platform facilitates the discharge of recent, industry-advancing options throughout the dimensions of autonomy – from automobile autonomy, to ADAS and industrial purposes. That includes a modular system design and software program programmability, 4Sight offers a single, software-definable, and future-proof platform to leverage throughout a various vary of automotive and industrial purposes. AEye companions with main Tier 1s—corresponding to Continental and Aisin—and system integrators—to configure and manufacture its sensors to satisfy the efficiency and useful necessities of numerous markets.

“In 2017, the primary demonstration of the 4Sight platform exterior of California was in Japan. Then, we initiated relationships with know-how companions and prospects that proceed to thrive right now,” stated Blair LaCorte, CEO of AEye. “We look ahead to constructing new relationships and increasing present partnerships with OEMs and know-how firms in Japan that drive innovation and attempt to advance a way forward for autonomous driving and sensible infrastructure.”

Owl AI’s know-how was offered by Chuck Gershman, CEO and founder. He shared Owl AI’s capacity to deliver 3D thermal ranging know-how onto roadways throughout the globe. The inspiration of the corporate’s autonomous imaging know-how is an adaptation of a thermal ranging answer developed below a problem grant from the U.S. Air Power. The answer for Superior Driver Help Methods (ADAS) and Autonomous Automobiles (AV) requires redundancy and variety, maximized throughout a 3D picture map. Owl AI has developed a patented 3D Thermal Ranging Digicam™, the world’s solely solid-state digicam delivering HD thermal video with excessive precision ranging for secure autonomous automobile operation.

“The U.S.-based Insurance coverage Institute for Freeway Security has confirmed that the majority autos, when examined in chaotic nighttime checks, fail to cease earlier than influence,” stated Chuck Gershman, CEO and founding father of Owl AI. “At Owl AI, we have now centered on a system answer utilizing a mix of our thermal ranging digicam and pc imaginative and prescient software program to resolve this downside.”

GPR’s presentation was given by Tarik Bolat, CEO and co-founder. GPR permits secure autonomous driving in a variety of difficult circumstances, together with snow, rain, fog, or when lane markings are poor, by mapping and monitoring to the highway’s subsurface with Floor Positioning Radar™. Not like the visible atmosphere on the highway, the subsurface is secure. The result’s a product that pinpoints autos with centimeter-level accuracy in any situation. GPR is working with among the largest OEMs on the earth to make automated driving safer and extra broadly used.

“Japanese automakers and suppliers have been on the forefront of security and reliability for a very long time, and we’re excited that Floor Positioning Radar™ shall be part of that by delivering a positioning system that works in even the hardest on- and off-road circumstances,” stated Tarik Bolat, CEO and co-founder of GPR.

About AEye

AEye’s distinctive software-defined lidar answer permits superior driver-assistance, automobile autonomy, sensible infrastructure, logistics and off-highway purposes that save lives and propel the way forward for transportation and mobility. AEye’s 4Sight™ Clever Sensing Platform, with its adaptive sensor-based working system, focuses on what issues most: delivering quicker, extra correct, and dependable data. AEye’s 4Sight™ merchandise, constructed on this platform, are perfect for dynamic purposes which require exact measurement imaging to make sure security and efficiency. AEye has a world presence by its places of work in Germany, Japan, Korea, and america.

About Owl Autonomous Imaging

Owl Autonomous Imaging delivers Monocular 3D thermal ranging pc imaginative and prescient options that dramatically improve security day or night time and in opposed climate circumstances, to automotive and industrial mobility markets. Thermal Ranger™ is Owl’s passive 3D sensor modality that makes use of AI deep studying and customized thermal sensors to extract dense vary maps. Owl AI’s system method identifies residing objects in all circumstances from dense city environments to fully darkish nation roads the place it’s paramount to establish, classify, and decide the vary to an object. This permits autos to securely navigate and cease to keep away from catastrophic harm or damage. Our #1 mission is to avoid wasting lives.

About GPR

GPR is pioneering the most secure and highest performing assisted driving and autonomous capabilities by its Floor Positioning Radar™. Because the world’s most correct and dependable automobile positioning system, GPR permits autos to find out their exact location with centimeter-level accuracy, regardless of how difficult highway circumstances turn into. Whether or not it’s on-road in difficult circumstances like unmarked roads, poor climate, or city canyons, off-road, and even underground, autos that incorporate Floor Positioning Radar™ are capable of ship a extra strong, increased high quality assisted and autonomous driving expertise that different sensors can’t. GPR is working intently with OEMs and Tier 1 companions to assist autos safely navigate the place present ADAS sensors, together with lidar and camera-based methods, fall brief. For extra data, go to www.GPR.com.

FORWARD LOOKING STATEMENT

Sure statements included on this press launch concerning AEye, an entity separate and distinct from OWL Autonomous Imaging and GPR, that aren’t historic information are forward-looking statements throughout the which means of the federal securities legal guidelines, together with the secure harbor provisions below america Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements are generally accompanied by phrases corresponding to “consider,” “proceed,” “mission,” “anticipate,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “alternative,” “predict,” “plan,” “could,” “ought to,” “will,” “would,” “potential,” “appear,” “search,” “outlook,” and related expressions that predict or point out future occasions or traits, or that aren’t statements of historic issues. Ahead-looking statements are predictions, projections, and different statements about future occasions which are primarily based on present expectations and assumptions and, in consequence, are topic to dangers and uncertainties. Ahead trying statements included on this press launch embrace statements about AEye’s lidar platform generally, the position AEye’s lidar and complementary applied sciences could play in the way forward for autonomous mobility and transportation, the persevering with relationship between AEye and Japanese producers, the event relationship between AEye and Continental, amongst different statements. These statements are primarily based on varied assumptions, whether or not or not recognized on this press launch. These forward-looking statements are offered for illustrative functions solely and should not meant to function and should not be relied on by an investor as a assure, an assurance, a prediction, or a definitive assertion of reality or likelihood. Precise occasions and circumstances are very troublesome or inconceivable to foretell and can differ from the assumptions. Many precise occasions and circumstances are past the management of AEye. Many elements may trigger precise future occasions to vary from the forward-looking statements on this press launch, together with however not restricted to: (i) the dangers that the automotive mobility sensing applied sciences offered should not thought of the newest or cutting-edge, or could also be surpassed by different applied sciences or merchandise earlier than anticipated; (ii) the dangers that the strong and strategic automotive commerce relationship between america and Japan could not proceed as anticipated; (iii) the dangers {that a} sensor fusion system that features lidar, cameras, and radar could not present a sturdy and secure answer for autonomous mobility and transportation to the extent anticipated; (iv) the dangers that AEye’s 4Sight Clever Sensing Platform could not anticipate all points such that it may be deemed sufficiently future-proof to the extent anticipated, or as in comparison with present or future aggressive merchandise; (v) the dangers that AEye’s 4Sight Clever Sensing Platform could not present a single answer for a various vary of options as anticipated; (vi) the dangers that the 4Sight Clever Sensing Platform could not facilitate the discharge of recent industry-advancing purposes as anticipated, or in any respect; (vii) the dangers that AEye’s Tier 1 automotive companions could not have the ability to configure and manufacture sensors to satisfy the efficiency and useful necessities of numerous markets to the extent anticipated; (viii) the dangers that AEye could not have the ability to construct new relationships or broaden present partnerships with OEMs and know-how firms in Japan as anticipated, or in any respect; (ix) the dangers that AEye’s merchandise is not going to perform as anticipated by AEye or by AEye’s goal markets and prospects; (x) the chance that legal guidelines and rules are adopted impacting the usage of lidar that AEye is unable to adjust to, in complete or partially; (xi) modifications in aggressive and controlled industries wherein AEye operates, variations in working efficiency throughout rivals, and modifications in legal guidelines and rules affecting AEye’s enterprise; (xii) the dangers that AEye could not proceed to execute in opposition to its marketing strategy to the extent anticipated, or in any respect; (xiii) the dangers that lidar adoption happens slower than anticipated or fails to happen in any respect; (xiv) the dangers that AEye is probably not able to adequately or well timed handle both the close to or long-term alternatives which will or could not exist within the evolving autonomous transportation {industry}; (xv) the dangers that AEye is unable to adequately implement enterprise plans, forecasts, and different expectations, and establish and notice extra alternatives; and (xvi) the dangers of downturns and a altering regulatory panorama within the extremely aggressive and evolving {industry} wherein AEye operates. These dangers and uncertainties could also be amplified by the COVID-19 pandemic, together with the Delta and Omicron variants, in addition to future variants and subvariants, which has brought about vital financial uncertainty. The foregoing checklist of things isn’t exhaustive. It’s best to rigorously think about the foregoing elements and the opposite dangers and uncertainties described within the “Danger Elements” part of the Quarterly Report on Type 10-Q that AEye has most lately filed with the U.S. Securities and Alternate Fee, or the SEC, and different paperwork filed by us or that shall be filed by us sometimes with the SEC. These filings establish and handle different essential dangers and uncertainties that might trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. Ahead-looking statements converse solely as of the date they’re made.

Readers are cautioned to not put undue reliance on forward-looking statements; AEye assumes no obligation and doesn’t intend to replace or revise these forward-looking statements, whether or not because of new data, future occasions, or in any other case. AEye offers no assurance that AEye will obtain any of its expectations.

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