For Those Unable to Join CES In-person, AEye
Will be Offering a Daily “Live with AEye at CES” Webcast From the
Show Floor, Featuring the Latest News and Interviews with Leading
Players Implementing Autonomous Technology Across Different
Industries
AEye’s Extensive Presence at the Show
Includes Live Demos of AEye’s 4Sight LiDAR, a CES 2022 Innovation
Award Winner, in the West Hall
AEye, Inc. (NASDAQ: LIDR), the global leader in adaptive,
high-performance LiDAR solutions, today announced that it will be
providing a daily webcast from the show floor of CES 2022 for those
who are unable to attend the event. To learn more and sign up to
get notified when each broadcast begins, go to
https://www.aeye.ai/virtual-ces2022/.
As part of the virtual webcast and the live event, AEye will
also be demonstrating its CES® 2022 Innovation Award winning
4Sight™ LiDAR. The company will showcase how 4Sight adapts and
optimizes scan patterns in real-time to deliver fast, accurate, and
reliable data that can save lives and propel the future of a wide
range of dynamic sensing applications in industries including
automotive, industrial, mobility, rail, trucking and ITS. For more
information on 4Sight, or to schedule a meeting at CES, visit
https://www.aeye.ai/ces2022/
AEye Livestream for At-home Viewers
For tech enthusiasts and decision-makers unable to attend CES,
AEye is offering a Live with AEye at CES webcast – bringing the
best of CES to living rooms and offices globally. The webcast will
originate from the show floor January 5-7 when the exhibit hall
opens, and will be broadcast across AEye’s social media channels,
including on Twitter, LinkedIn, Facebook, and YouTube.
Hosted by AutoVision News Co-founder and Managing Editor Carl
Anthony, the livestream will not only provide a “backstage pass” to
everything AEye-related at the show, it will also feature exclusive
interviews with leading voices in the mobility ecosystem, as well
as a nightly news roundup from CES at 5pm PT.
Bringing the Power of Adaptive LiDAR to Many Applications and
Markets
At CES, AEye will showcase the power of its adaptive LiDAR in
real-time. AEye’s 4Sight LiDAR is a solid-state LiDAR that adapts
through software, enabling it to tailor its output to
application-specific requirements for automotive, mobility, and
industrial applications. 4Sight received the prestigious CES 2022
Innovation Award for its unique use of adaptive sensing to garner
industry-leading performance.
At the West Hall, AEye and its perception partner Seoul Robotics
will demonstrate live pedestrian detection and tracking. Visitors
will witness AEye’s 4Sight LiDAR optimizing its scan pattern in
real-time as different pedestrian patterns trigger changes in
performance modes to optimize safety. A second demonstration will
showcase how adaptive LiDAR enables the sensor to maintain highly
accurate performance in irregular or rugged terrain.
“By moving the complexity from the hardware to the software, we
have created a LiDAR solution that is uniquely intelligent, using
AI-driven software to ‘steer’ the LiDAR in real-time to what
matters, for the delivery of fast, accurate, and reliable data,”
said Brent Blanchard, SVP and General Manager of Mobility at AEye.
“Not only that, products built on AEye’s 4Sight platform are
software-driven, making them future-proof. Our 4Sight LiDAR not
only enables new, advanced sensing capabilities today, it’s able to
evolve to meet our customers’ changing requirements and technology
needs over time. That’s revolutionary.”
The Debut of Continental’s HRL131 Long-range LiDAR
At the show, AEye partner Continental is debuting its HRL131
long-range LiDAR for Level 3 and Level 4 assisted and automated
driving solutions. This high-performance LiDAR technology, built on
AEye’s 4Sight platform, enables key features for passenger and
commercial vehicle applications by combining a high dynamic spatial
resolution with long-range detection. The HRL131’s software-defined
scan patterns can be fully customized to adapt to any customer
requirements. In addition to private showings of the HRL131 for
automotive applications, AEye and Continental will demonstrate the
HRL131 publicly for trucking applications outside of the
Renaissance Hotel.
The modular system design and software programmability of AEye’s
LiDAR enables AEye to produce a single LiDAR system that can be
optimized for multiple markets, while uniquely driving innovation
and reducing costs. For the ADAS market, AEye licenses its
technology to Tier 1 automotive suppliers such as Continental,
which has announced it has integrated AEye’s long-range LiDAR
technology into its full stack Automated Driving Platform, and is
industrializing the technology for a planned start of volume
production in 2024.
For more information on 4Sight, or to schedule a meeting, visit
https://www.aeye.ai/ces2022/.
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 4Sight™
adaptive LiDAR 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. It 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 U.S. 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. Forward looking
statements included in this press release include statements about
the Company’s products, the adaptability of those products, and the
ability of these products to meet the requirements for multiple
applications, among others. 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 attend some or all of the 2022 Consumer
Electronics Show due to recent or yet unannounced changes in
protocols related to the COVID-19 pandemic, or the potential
cancellation of the 2022 Consumer Electronics Show, in whole or in
part; (ii) the risks that the Company’s products will be unable to
sufficiently adapt through software or be unable to sufficiently
tailor the product’s output to meet the requirements of customers
in the automotive, mobility, or industrial markets; (iii) the risks
that the Company’s demonstrations will not sufficiently translate
to real world scenarios the product is intended to address; (iv)
the risks that the Company will be unable to deliver products to
its customers as quickly as anticipated, or at all; (v) the risks
that the Company’s unique approach to lidar sensing will not result
in a commercial product or, if a commercial product is launched,
that it is accepted by the market; (vi) the risks that the Company
will be unable to successfully leverage AI-driven software to
sufficiently “steer” the lidar in real time; (vii) the risks that
the Company’s products will not be viewed as sufficiently
future-proof by the market, or be able to sufficiently evolve
through software updates to meet our customer’s changing
requirements or technology needs over time; (viii) the risks that
Continental’s HRL131 product will not be accepted in the
marketplace; (ix) the risks that Continental’s HRL131 product may
not be fully customizable to adapt to customer requirements as
outlined by the customer; (x) the risks that Continental’s planned
start of volume production will not commence in 2024, or ever; (xi)
the risks that the Company’s licenses of its technology to Tier 1
automotive suppliers, such as Continental, will result in
commercial products or revenue to the Company; (xii) the risks that
the Company’s product is not found by the marketplace to uniquely
drive innovation expected by customers; (xiii) the risks that the
Company will be successful in reducing the cost of its products
over time sufficient to meet the demands of the market; (xiv) the
risks that our products will not meet the specific needs of our
customers; (xv) the risks that the type of flexibility that our
system is intended to address will be a requirement of our
customers; (xvi) the risks that lidar adoption occurs slower than
anticipated or fails to occur at all; (xvii) the risks that AEye’s
products will not meet the diverse range of performance and
functional requirements of AEye’s target markets and customers;
(xviii) the risks that AEye’s products will not function as
anticipated by AEye or by AEye’s target markets and customers;
(xix) 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; (xx) 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; (xxi) 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; (xxii) the risks that AEye is unable to
adequately implement its business plans, forecasts, and other
expectations, and identify and realize additional opportunities;
and (xxiii) 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, including the Delta and Omicron variants,
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211222005174/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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