Arbe Began a Development
Project with Leading Japanese Company and Conducts Pilots with
Major OEMs and Tier-1s in Japan
TEL
AVIV, Israel, Feb. 22,
2023 /PRNewswire/ -- Arbe Robotics Ltd.
(Nasdaq: ARBE) ("Arbe"), a global leader in Perception Radar
Solutions, today announced that it has obtained the
Japanese Telecommunication and Radio certification for
radar samples based on its mass production RF chipset. With the
certification process finalized, a leading Japanese automotive
company has begun a sensor fusion solution development project
based on the Arbe perception radar chipset, while Arbe also
conducts pilot programs with leading OEMs and Tier-1s in the
Japanese market, one of the top automotive markets in the
world.
The automotive industry in Japan is known for its high standards and
regulations and puts all automotive and telecommunications
technologies through a rigorous certification process prior to
commercial evaluation in the region. Arbe's chipset and flexible
software-defined solution were adapted according to the local
regulations and desired specifications, demonstrating the
scalability and flexibility of the platform.
"Successfully obtaining licensing in Japan is a testament to the maturity of our
solution," says Kobi Marenko, CEO of
Arbe. "Japan is known as one of
the top automotive markets in the world and serves as the home to
major automotive manufacturers, offering tremendous business
opportunities. We believe that our radar solutions will help
accelerate the market by providing safety and reliability for ADAS
and autonomous vehicles in the region."
Arbe's Perception Radar has revolutionized automotive radar
technology by enhancing radar functionality significantly beyond
what was previously possible. Supported by 2,304 virtual RF
channels, we believe that Arbe's Perception Radar delivers the best
image quality on the market based on ultra-high resolution at long
range sensing. Arbe's solution provides unmatched safety by
eliminating the common causes of autonomous technology-related road
collisions with capabilities like stationary object detection and
false alarm elimination while protecting vulnerable road users.
Arbe's emergence in the Japanese market will drive advanced safety
for ADAS and autonomous vehicles in the region.
About Arbe
Arbe (Nasdaq: ARBE), a global leader in Perception Radar
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, manufacturers of delivery robots, 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 a 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 may contain "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,
including any statements that are made at the investor and analyst
event described in this press release, are forward-looking
statements. You should carefully consider risks such as the risks
relating to the market for and incorporation of Arbe's radar
systems in autonomous vehicles, the development of safe autonomous
vehicles that include Arbe's radar systems, the acceptance by
Japanese automakers and tier 1 suppliers of radar systems based on
Arbe's chipset, the ability of Arbe to deliver products that meet
the quality and delivery requirements of automakers (OEM's), tier-1
automotive suppliers and the ability of the tier-1 suppliers and
automakers to incorporate Arbe's radar system in vehicles in a
manner to enable the Arbe radar systems to function as intended,
the safe installation of Arbe's radar on autonomous vehicles, the
effect of any present and future government regulations relating to
autonomous vehicles, the ability of the tier-1 and automakers to
maintain the systems on an ongoing basis, and 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" in Arbe's
Annual Report on Form 20-F for the year ended December 31, 2021, filed with the Securities and
Exchange Commission, or SEC, on March 31,
2022 and in Arbe's prospectus dated June 22, 2022, which was filed by Arbe with the
SEC on June 23, 2022, and its
Post-Effective Amendment to its registration statement on Form F-1,
filed with the SEC on June 28, 2022,
as well as the other documents filed by Arbe with the SEC and any
documents which are filed by Arbe prior to this press release.
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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