AEye’s Software-Definable LiDAR Enables
Improved Detection Accuracy - Maximizing Performance in All
Lighting, Weather, and Traffic Conditions
ITS World Congress – AEye, Inc. (NASDAQ: LIDR), the
global leader in adaptive, high-performance LiDAR solutions, and
Intetra, a premier provider of end-to-end solutions for Intelligent
Transportation Systems (ITS) and Electronic Toll Collection Systems
(ETC), announced they are jointly showcasing advanced tolling
automation capabilities at ITS World Congress. The companies are
demonstrating how the advanced feedback loops and optimized scan
patterns of AEye’s 4Sight™ M LiDAR enable high resolution detection
in tolling areas regardless of vehicle type, speed, traffic flow,
light, or weather conditions. To see a demonstration of AEye’s
LiDAR, visit Intetra booth # B5431 October 13-15 at ITS World
Congress in Hamburg, Germany.
Intetra designs, builds, integrates, and implements ITS and ETC
technology customized to meet the needs of transportation
authorities. This includes electronic RFID tolling systems, which
have historically used cameras, sensors, lighting systems, and
back-end software to increase the operational efficiency and
convenience of toll collection. At ITS World Congress, Intetra is
showcasing how it can further improve detection tolling accuracy
using AEye’s adaptive, solid state LiDAR.
LiDAR is the only deterministic sensor that provides the
specific data needed for ITS applications due to its ability to
precisely establish where an object is going (vector and velocity).
AEye’s LiDAR goes a step further, providing an intelligent,
high-performance LiDAR that enables the customization of scanning
capabilities for any ITS application.
“As an additive sensor with built-in intelligence, AEye’s LiDAR
is able to adjust its scan pattern in real-time to optimize for
various environmental and traffic conditions - a game-changer for
automated tolling applications,” said Kamil Alpaydin at Intetra.
“This software-definability is key in obtaining optimal performance
for any tolling use case, and delivers a level of efficiency and
safety not possible with cameras alone.”
“We’re proud to be showcasing our solution with Intetra, an ITS
system integrator known for excellence in delivering best-of-breed
highway Electronic Toll Collection (ETC) integration services,”
said Akram Benmbarek, VP of Strategic Initiatives at AEye. “With
AEye’s unique flexibility to adapt to changing conditions, demands
and use cases on the fly, Intetra is well-positioned to help
transportation authorities streamline vehicle flow on highways and
at toll plazas through smarter, more efficient perception.”
Built on AEye’s award-winning iDAR platform, 4Sight M is the
first and only LiDAR solution whose performance has been
independently verified by a reputable third-party testing
organization. VSI Labs, the leading active safety and automated
vehicle technologies researcher, published a report this year
confirming 4Sight M’s breakthrough range, resolution, and speed
capabilities. To see what a software-configurable sensor can do,
and to experience the 4Sight M performance in real-time, visit
aeye.ai/demo-the-4sight-m.
About AEye
AEye is the premier provider of intelligent, next generation,
adaptive LiDAR for vehicle autonomy, advanced driver-assistance
systems (ADAS), and robotic vision applications. AEye’s iDAR™
(Intelligent Detection and Ranging) system leverages biomimicry and
principles from automated targeting applications used by the
military to scan the environment, intelligently focusing on what
matters most, enabling faster, more accurate, and more reliable
perception. iDAR is the only software configurable LiDAR with
integrated deterministic artificial intelligence, delivering
industry-leading performance in range, resolution, and speed. The
company was founded in 2013 and is based in the San Francisco Bay
Area.
About Intetra
Founded in 2005, Intetra is an innovative market leader within
Intelligent Transport Systems (ITS) and Electronic Toll Collection
Systems (ETC). Intetra manufactures hardware, as well as develops
state of the art in-house software solutions to optimize energy
efficient and climate friendly systems which monitor and manage
complex traffic and mobility challenges. Our clients are public as
well as private operators. Products include Variable Message Signs
(VMS), Variable Traffic Signs (VTS), Passenger Information Systems,
Road Safety Solutions, Traffic Signal Systems, Smart City
Solutions, Monitoring & Management systems, and many more.
Intetra provides end-to-end solutions for RFID Electronic Toll
Collection, starting from design, through technology development,
production, consulting, installation, training, service,
maintenance and management.
Forward-Looking Statements
Certain statements included in this press release that are not
historical facts are forward-looking statements within the meaning
of the federal securities laws, including the safe harbor
provisions under the United States Private Securities Litigation
Reform Act of 1995. Forward-looking statements are sometimes
accompanied by words such as “believe,” “continue,” “project,”
“expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “predict,” “plan,” “may,” “should,” “will,” “would,”
“potential,” “seem,” “seek,” “outlook,” and similar expressions
that predict or indicate future events or trends, or that are not
statements of historical matters. Forward-looking statements are
predictions, projections, and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. These statements
are based on various assumptions, whether or not identified in this
press release. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as and
must not be relied on by an investor as a guarantee, an assurance,
a prediction, or a definitive statement of fact or probability.
Actual events and circumstances are very difficult or impossible to
predict and will differ from the assumptions. Many actual events
and circumstances are beyond the control of AEye. Many factors
could cause actual future events to differ from the forward-looking
statements in this press release, including but not limited to: (i)
the risks that an integrated solution will be supplanted by a
competitor and not be viewed as best-in-class by the marketplace;
(ii) the risks that lidar adoption occurs slower than anticipated
or fails to occur at all; (iii) the risks that competing
technologies will improve overtime to become operationally
equivalent or more cost-effective, or both; (iv) the risks that
competitors may introduce into the market products similar in
capabilities to the integrated solution and such competitive
solution takes some or all of the market share away from the AEye;
(v) the risks that the relationship between AEye and Integra does
not yield the expected results or in the timeframe anticipated, or
that such relationship terminates sooner than expected; (vi) the
risks that AEye’s products will not meet the diverse range of
performance and functional requirements of AEye’s target markets
and customers; (vii) the risks that the results achieved in testing
may not be duplicated by customers in real world applications;
(viii) the risks that AEye’s products will not function as
anticipated by AEye or by AEye’s target markets and customers; (ix)
the risks that AEye may not be in a position to adequately or
timely address either the near or long-term opportunities that may
or may not exist in the evolving intelligent transportation system
industry; (x) the risks that the size of the total available market
for smart infrastructure, and, in particular, the use of LiDAR,
will be smaller than predicted or take longer to come to fruition
than predicted; (xi) the risk that laws and regulations are adopted
impacting the use of lidar that AEye is unable to comply with, in
whole or in part; (xii) changes in competitive and regulated
industries in which AEye operates, variations in operating
performance across competitors, and changes in laws and regulations
affecting AEye’s business; (xiii) the risk that AEye is unable to
adequately implement its business plans, forecasts, and other
expectations, and identify and realize additional opportunities,
(xiv) the potential inability of AEye to scale its manufacturing
capacity or to achieve efficiencies regarding its manufacturing
processes or other costs; and (xv) the risk of downturns and a
changing regulatory landscape in the highly competitive and
evolving industry in which AEye operates. These risks and
uncertainties may be amplified by the COVID-19 pandemic, which has
caused significant economic uncertainty. The foregoing list of
factors is not exhaustive. You should carefully consider the
foregoing factors and the other risks and uncertainties described
in the “Risk Factors” section of the registration statement on Form
S-4, that includes a definitive proxy statement/prospectus, that
AEye (formerly known as CF Finance Acquisition Corp. III) filed
with the U.S. Securities and Exchange Commission (the “SEC”) and
other documents filed by AEye or that will be filed by AEye from
time to time with the SEC. These filings identify and address other
important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made.
Readers are cautioned not to put undue reliance on
forward-looking statements; AEye assumes no obligation and does not
intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise. AEye gives no assurance that AEye will achieve any of
its expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20211013005425/en/
Media Contact: AEye, Inc. Jennifer Deitsch
jennifer@aeye.ai 925-400-4366
Investors: Financial Profiles, Inc. Matthew Keating, CFA
AEye@finprofiles.com 310-622-8230
John Brownell AEye@finprofiles.com 310-622-8489
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