Company to Showcase Solutions for Smart
Intersections, Highway Monitoring, Automated Tolling, and
Pedestrian Safety at Booth #1403
AEye, Inc. (NASDAQ: LIDR), a global leader in adaptive,
high-performance lidar solutions, will showcase how the versatility
of its lidar can be used to deliver optimized solutions across the
Intelligent Transportation Systems (ITS) market at ITS World
Congress 2022, taking place in Los Angeles from September 18 to 22,
2022.
AEye’s lidar solves the major technological limitations traffic
agencies face today with improving traffic flow and increasing road
safety. It does this by providing the most relevant data to
maximize detection reliability, enabling authorities to respond
faster, reduce cost of operations, predict conditions, and be more
preventive with safety measures. By eliminating irrelevant data
capture, AEye provides traffic agencies the speed and accuracy
needed from a remote sensing solution, and does so in all weather,
lighting, and environmental conditions.
AEye offers the industry’s only adaptive, solid-state, and
software-definable lidar - 4Sight™ - which allows for multiple
applications and both long-and-short-range detection using only one
sensor. The 4Sight platform allows for more accurate, timely, and
reliable vision as compared to camera or radar-only systems, and
extends detection to over 350 meters to better locate, identify,
and track moving objects.
The 4Sight perception solution for ITS has the ability to adapt
to any situation and requirement within any ITS application,
including automated tolling, smart intersections, traffic
monitoring, highway incident detection, and more. Users can
customize detection capabilities and performance modes according to
the use case.
During ITS World Congress, AEye will offer multiple ways for
customers and media to learn more about its groundbreaking
technology at Stand #1403:
- Application Demos: Witness AEye’s long-range and
short-range detection capabilities for automated tolling, incident
detection, pedestrian safety, and smart intersections, powered by
4Sight.
- Executive Discussions: Meet executives and discuss the
unrivaled flexibility of adaptive lidar to support any ITS
application and improved 3D perception.
- Integrator Partner News: Be the first to learn of new
partnerships with leading ITS integrators focused on the future of
transportation.
“We’re excited to share a wealth of information with attendees
at this year’s ITS World Congress, especially how adaptive lidar
delivers a level of safety, accuracy, and cost-savings not achieved
before. Traffic and ITS managers who meet with us will be better
prepared to plan ITS initiatives, as well as to respond to grant
opportunities like the SMART program, which leverages advanced
smart community technologies and systems to improve transportation
and efficiency,” said Brent Blanchard, AEye’s GM of Industrial
Markets.
AEye is the first and only lidar company to validate its
sensor’s performance and reliability through a leading third-party
testing service and recently passed the milestone of more than 100
patents filed globally, spanning four continents and more than 10
countries. In addition, in 2021, AEye became a publicly-traded
company listed on the Nasdaq stock exchange, doubled in size, and
opened offices in Korea and Japan. In April 2022, AEye opened an
office in Munich to support European customers in the automotive,
mobility, trucking, logistics, and smart infrastructure
sectors.
About AEye
AEye’s unique software-defined lidar solution enables advanced
driver-assistance, vehicle autonomy, smart infrastructure,
logistics and off-highway applications that save lives and propel
the future of transportation and mobility. AEye’s 4Sight™
Intelligent Sensing Platform, with its adaptive sensor-based
operating system, focuses on what matters most: delivering faster,
more accurate, and reliable information. AEye’s 4Sight™ products,
built on this platform, are ideal for dynamic applications which
require precise measurement imaging to ensure safety and
performance. AEye has a global presence through its offices in
Germany, Japan, Korea and the United States.
Note to journalists: If you are attending or covering ITS
World Congress and would like to schedule an interview with AEye,
please contact AEye@landispr.com.
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. Forward-looking
statements included in this press release include statements about
AEye’s products, the use cases for such products, and the
adaptability of these products, as well as the use of lidar
generally, 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 may be unable to attend some or all of the ITS World
Congress 2022 for any reason, including yet unannounced changes in
protocols related to the COVID-19 pandemic, or the potential
cancellation of the ITS World Congress 2022, in whole or in part;
(ii) the risks that the Company’s lidar may not solve the major
technological limitations traffic agencies face today at the level
anticipated, or at all; (iii) the risks that the Company’s lidar
may not maximize detection reliability or enable authorities to
respond faster, reduce cost of operations, predict conditions, and
be more preventative with safety measures at the levels
anticipated, or at all; (iv) the risks that the Company’s lidar may
not provide traffic agencies the speed and accuracy needed in all
weather, lighting, and environmental conditions at the levels
anticipated, or at all; (v) the risks that the Company is not now,
or in the future does not remain, the only company to offer an
adaptive, solid-state and software-definable lidar which allows for
multiple applications and both long-and-short-range detection using
only one sensor; (vi) the risks that the Company’s lidar does not
allow for more accurate, timely, and reliable vision as compared to
camera or radar-only systems, or such camera or radar-only systems
may become substantially equivalent in relevant performance
factors; (vii) the risks that the Company’s lidar is not able to
adapt to any situation and requirement within any ITS application;
(viii) the risks that AEye will be able to successfully launch
products into the market; (ix) the risks that lidar adoption occurs
slower than anticipated or fails to occur at all; (x) 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, changes in
competitive and regulated industries in which AEye operates,
variations in operating performance across competitors, and changes
in laws and regulations affecting its business; (xi) the risks that
AEye is unable to adequately implement its business plans,
forecasts, and other expectations, and identify and realize
additional opportunities; and (xii) 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, as well as future variants and
subvariants, 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 has most recently filed
with the U.S. Securities and Exchange Commission, or the SEC, and
other documents filed by us or that will be filed by us 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/20220908005317/en/
Media: Jennifer Deitsch AEye jennifer@aeye.ai
925-400-4366 Andie Davis Landis Communications Inc.
AEye@landispr.com 415-717-9133
Investors: Clyde Montevirgen AEye cmontevirgen@aeye.ai
925-400-4366
Will Stack Lambert & Co. AEye@lambert.com 212-971-9718
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