Award Honors the Best and Brightest Teams
Working at the Cutting-edge of Innovation in ADAS and Autonomous
Vehicle Technology
AEye, Inc. (NASDAQ: LIDR), the global leader in adaptive,
high-performance LiDAR solutions, today announced that AEye founder
and CTO Luis Dussan has been awarded the 2020 Vision Award by
AutoSens. The inaugural award, judged by a panel of esteemed judges
from companies including General Motors and Nvidia, recognizes an
individual whose progress within the vehicle perception ecosystem
is shaping the industry in a big way, and whose impact will last
for years to come.
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AEye founder and CTO Luis Dussan has been
awarded the 2020 Vision Award by AutoSens. The award recognizes an
individual whose progress within the vehicle perception ecosystem
is shaping the industry in a big way, and whose impact will last
for years to come. (Photo: Business Wire)
Dussan, whose background is in the military and defense
industries, has taken a novel approach to LiDAR sensing. He applied
the principles he used designing mission-critical targeting systems
for fighter jets to build a perception system for autonomous
vehicles that helps them see, classify, and respond to threats in
real time. AEye’s adaptive LiDAR system is designed to leverage AI
and edge processing to move the complexity from the hardware to the
software, enabling the collection of higher quality information
with less data, for better, faster, and more accurate
perception.
Dussan knew that LiDAR needed to enable functionality that
cameras and radar could not – such as tracking small objects and
lateral entries in fast moving and dynamic environments. By putting
intelligent software on the sensor, he created a system that
substantially increases situational awareness and the probability
of detection, while reducing false positives without impacting
size, weight, power, or cost. It is the first LiDAR platform that
is adaptable through software to meet the specific needs of OEM
customers.
“I’m honored to accept this award on behalf of the entire team
at AEye,” said Dussan. “Our adaptive LiDAR’s unique intelligence
and software-configurability have driven critical improvements in
performance, vision capabilities, and reliability that were
designed to advance vehicle perception and benefit the entire
industry. Our system is aimed at solving today’s toughest corner
cases, but also provide OEMs a pathway, through software, for the
future - with the ability to add features and improve performance
over time. This type of flexibility will be a requirement for the
systems of tomorrow.”
The team responsible for building this technology includes
esteemed scientists and engineers from the defense, telecom, and
semiconductor industries leading teams inside world-class
organizations, such as NASA, Lockheed, Northrop, Raytheon, GE, the
U.S. Air Force, NXP, VLSI, and DARPA. Among them, SVP and Chief
Engineer John Stockton, who is responsible for product and future
component technologies needed to continuously reduce the cost of
high performance LiDAR systems; Chief Scientist Allan Steinhardt
(former Chief Scientist at DARPA), who helps design the technology
and spearheads the development of AEye’s patent portfolio; VP of
Systems Engineering, Phillipe Feru; Sr. Director, James Jung, who
heads Development Engineering and MEMS technology; Head of
Receivers & Modeling, Max Kim; Head of Electrical Engineering,
Rolf Wietelmann; Head of Systems Controller Group, Naveen Reddy;
Head of Performance Initiatives Group, Todd Gustavson; Head of
Systems Hardware, Igor Polishchuk; Head of Test and Integration
Group, Pritesh Solanki; and SVP Abhijit Thatte, who heads Software
Engineering and AI.
Together, this team designed and put in place AEye’s novel
approach to sensing, which puts intelligence inside the sensor to
create the highest performing sensing and perception system for the
most challenging situations, designed to ensure the highest levels
of safety for autonomous driving.
AutoSens is the world’s leading community for ADAS and
autonomous vehicle technology development. Its aim is to connect
engineers and scientists from across the globe to accelerate
technology development and commercial deployment of automotive
safety systems.
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.
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 the Company will be unable to deliver world leading
performance to its customers as quickly as anticipated, or at all;
(ii) the risks that our novel approach to LiDAR sensing will result
in a commercial product or be accepted by the market; (iii) the
risks that the Company will be unable to successfully leverage AI
or edge processing to enable a product capable of collecting higher
quality information, with less data, resulting in better, faster,
or more accurate perception; (iv) the risks that LiDAR
functionality will be superior, actually or as perceived by
customers, in the marketplace to that of cameras or radar in
tracking objects; (v) the risks that software on the sensor will
substantially increase situational awareness and the probability of
detection in real world applications; (vi) the risks that our
products will not meet the specific needs of our customers; (vii)
the risks that our system will not adequately solve the corner
cases perceived by our customers; (viii) the risks that the type of
flexibility that our system is intended to address will be a
requirement of our customers; (ix) the risks that lidar adoption
occurs slower than anticipated or fails to occur at all; (x) the
risks that AEye’s products will not meet the diverse range of
performance and functional requirements of AEye’s target markets
and customers; (xi) the risks that AEye’s products will not
function as anticipated by AEye or by AEye’s target markets and
customers; (xii) 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 autonomous
transportation industry; (xiii) the risks that laws and regulations
are adopted impacting the use of lidar that AEye is unable to
comply with, in whole or in part; (xiv) 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; (xv) the risks that AEye is
unable to adequately implement its business plans, forecasts, and
other expectations, and identify and realize additional
opportunities; and (xvi) the risks 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 Quarterly Report on Form 10-Q that AEye 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/20211129005081/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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