TEL AVIV, Israel, Nov. 10, 2021 /PRNewswire/ -- Arbe
Robotics Ltd. (Nasdaq: ARBE) ("Arbe"), a global leader in
next-generation Perception Imaging Radar solutions, today announced
that it has been named a CES® 2022 Innovation Awards
Honoree for the Phoenix Perception Radar. This year's CES
Innovation Awards program received a record high number of over
1800 submissions. The announcement was made ahead of CES 2022, the
world's most influential technology event, happening Jan. 5-8 in Las Vegas,
NV and digitally. Arbe's award-winning Perception Radar will
be showcased during CES at Booth 4061.
The CES Innovation Awards program, is an annual competition
honoring outstanding design and engineering in 27 consumer
technology product categories. An elite panel of industry expert
judges, including members of the media, designers, engineers and
more, reviewed submissions based on innovation, engineering and
functionality, aesthetic and design.
Arbe's Perception Imaging Radar, revolutionizes autonomous
vehicle sensing, providing unmatched safety to the market. Its
ultra-high resolution transforms radar as a sensor to support
advanced perception capabilities at mass market price, with top
performance in all environments, weather, and lighting conditions.
It is the first radar to detect stationary objects -- a notorious
stumbling block for automotive radars -- meeting NHTSA and NCAP
requirements and resolving the factors behind ADAS related
accidents. With an Advanced Free Space mapping and object tracking
in all corner cases, Phoenix
closes the sensor gap to achieve truly safe driver assist systems
and full autonomous driving.
"We are pleased to be recognized as a CES 2022 Innovation Awards
Honoree, which is an outstanding achievement and testimony to the
disruptive technology that Arbe is providing to the ADAS and
autonomous vehicle industry," says Kobi
Marenko, Chief Executive Officer at Arbe. "Our perception
radar is the first radar to enable advanced perception
providing a real-time, robust picture of the driving environment
and serves as the perfect sensor to complement the camera. We look
forward to continuing to push the envelope, providing the market
with perception radar capabilities that enable the highest levels
of safety."
The CES 2022 Innovation Awards honorees, including product
descriptions and photos, can be found at CES.tech/innovation.
About Arbe
Arbe (Nasdaq: ARBE), a global leader in next-generation 4D
Imaging Radar Chipset Solutions, is spearheading a radar
revolution, enabling truly safe driver-assist systems today while
paving the way to full autonomous-driving. Arbe's imaging radar is
100 times more detailed than any other radar on the market and is a
mandatory sensor for L2+ and higher autonomy. The company is
empowering automakers, tier-1 suppliers, autonomous ground
vehicles, commercial and industrial vehicles, and a wide array of
safety applications with advanced sensing and paradigm-changing
perception. Arbe is a leader in the fast-growing automotive radar
market that has an estimated projected total addressable market
of $11 billion in 2025. Arbe is based in Tel Aviv,
Israel, and has an office
in the United States.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain "forward-looking statements"
within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, both as amended by the Private Securities
Litigation Reform Act of 1995. The words "expect," "believe,"
"estimate," "intend," "plan," "anticipate," "project," "may,"
"should," "strategy," "future," "will," "project," "potential" and
similar expressions indicate forward-looking statements.
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. Statements that are not historical facts
are forward-looking statements. You should carefully consider the
risk factors and uncertainties described in "Risk Factors,"
"Management's Discussion and Analysis of Financial Condition and
Results of Operations," "Cautionary Note Regarding Forward-Looking
Statements" and the additional risk described in Arbe's prospectus
dated November 2, 2021, which was
filed by Arbe with the Securities and Exchange Commission on
November 4, 2021, as well as the
other documents filed by Arbe with the SEC. Accordingly, you
are cautioned not to place undue reliance on these forward-looking
statements. Forward-looking statements relate only to the date they
were made, and Arbe does not undertake any obligation to update
forward-looking statements to reflect events or circumstances after
the date they were made except as required by law or applicable
regulation.
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SOURCE Arbe