HOD HASHARON, Israel, Sept. 20,
2022 /PRNewswire/ -- Valens Semiconductor (NYSE:
VLN), a premier provider of high-speed connectivity solutions for
the audio-video and automotive markets, today released its
inaugural Environmental, Social and Governance (ESG) Report. In
this report for the year 2021, it detailed the company's commitment
and strategic approach to building a sustainable future.
As a fabless semiconductor company, Valens Semiconductor aims to
drive the next era of connectivity by enabling long reach,
high-speed video, and data transmission for the evolving automotive
and audio-video markets. Valens Semiconductor recognizes the power
its technology has to democratize opportunity and foster equity by
enabling connection and collaboration worldwide. The company's
innovation is driven by a continual pursuit to make the world a
better place for its stakeholders.
"At Valens Semiconductor, our mission is to enhance and
accelerate connectivity in the dynamic and growing automotive and
audio-video markets. We constantly strive for excellence and
innovate daily with the goal of ensuring our products and solutions
meet the highest standards of our customers and provide society the
connectivity it requires in an ever-evolving environment," said
Gideon Ben-Zvi, CEO of Valens
Semiconductor.
"The purpose of this report is to affirm our commitment to all
stakeholders that our company is actively aware of and engaged in
addressing today's pressing environmental, social and governance
needs. Managing ESG risks and maximizing ESG opportunities are
strategically important to the current and future growth of Valens
Semiconductor," said Moshe Lichtman,
Chairman of Valens Semiconductor Nominating, Governance, and
Sustainability Committee.
The report can be found at
https://investors.valens.com/esg-report-2021/.
About Valens Semiconductor
Valens Semiconductor pushes the boundaries of connectivity by
enabling long-reach, high-speed video and data transmission for the
Audio-Video and Automotive industries. Valens' HDBaseT® technology
is the leading standard in the Audio-Video market with tens of
millions of Valens' chipsets integrated into thousands of products
in a wide range of applications. Valens' Automotive chipsets are
deployed in systems manufactured by leading customers and are on
the road in vehicles around the world. Valens is a key enabler of
the evolution of ADAS and autonomous driving and its advanced
technology is the basis for the new industry standard for
high-speed in-vehicle connectivity. For more information, visit
https://www.valens.com/.
Forward-Looking Statements
Valens may, in this press release and the ESG Report, make
certain statements that are not historical facts and relate to
analysis or other information which are based on forecasts or
future or results. Examples of such forward-looking statements
include, but are not limited to, statements regarding our
anticipated future results, including financial results and
contract wins, future economic and market conditions, our future
prospects, product development and business strategies, and our
future performance relative to certain metrics, indicators or
goals. Words such as "expect," "estimate," "project,"
"budget," "forecast," "anticipate," "intend," "plan," "may,"
"will," "could," "should," "believes," "predicts," "potential,"
"continue," and similar expressions are intended to identify such
forward-looking statements but are not the exclusive means for
identifying such statements. By their very nature, forward-looking
statements involve inherent risks and uncertainties, both general
and specific, and there are risks that the predictions, forecasts,
projections and other forward-looking statements will not be
achieved. You should understand that a number of factors could
cause actual results to differ materially from the plans,
objectives, expectations, estimates and intentions expressed in
such forward-looking statements, including the risks set forth
under "Risk Factors" in our Registration Statement on Form F-1 and
our other SEC filings. Valens cautions readers not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. Valens does not undertake or accept any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change
in its expectations or any change in events, conditions or
circumstances on which any such statement is based.
Investor Contacts:
Daphna
Golden
Vice President Investor Relations
Valens Semiconductor Ltd.
investors@valens.com
Moriah Shilton
Financial Profiles, Inc.
Valens@finprofiles.com
Press Contact:
Yoni Dayan
Head of Communications
Valens Semiconductor Ltd.
Yoni.dayan@valens.com
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SOURCE Valens Semiconductor