Luminar Debuts Proactive SafetyTM with On-Road Demonstrations at IAA Munich; Expands Customer Ecosystem with Two Tier 1 Global Automotive Integration Partnerships
September 02 2021 - 10:02AM
Business Wire
The company released a video comparing current
ADAS vs Proactive SafetyTM
At the IAA Mobility Summit on September 7–12, Luminar
Technologies, Inc (Nasdaq: LAZR) will premier its Proactive
SafetyTM system in on-road demos for European automakers. The
company also announced today an expansion of its customer ecosystem
through two new integration partnerships with Tier 1 global
automotive suppliers, Webasto and Inalfa.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210902005531/en/
Webasto Group’s Roof Sensor Module with
Luminar’s Iris as the Primary Lidar Sensor (Photo: Business
Wire)
“Launching Proactive Safety™ will spark the next revolution of
automotive technology and safety," said Austin Russell, Luminar
Founder and CEO. “Our automotive integration is only accelerating
with the launch of two new global Tier 1 partnerships, focusing on
seamless design for OEMs."
Proactive SafetyTM
In a 2020 study conducted by AAA, automotive researchers found
that over the course of 4,000 miles of real-world driving, vehicles
equipped with active driving assistance systems (ADAS) experienced
some type of issue every 8 miles, on average. So while ADAS was a
step in the right direction, today’s systems are imperfect and
unreliable, which is at odds with the promise of automotive safety.
Building on the strengths of our automotive grade Iris lidar,
Luminar is developing an integrated hardware and software solution
that enables Proactive SafetyTM, which surpasses traditional ADAS
capabilities because it provides the vehicle with higher-confidence
detection, faster and farther than camera and radar, enabling
proactive collision avoidance at much higher speeds. Proactive
SafetyTM has the potential to make consumer vehicles uncrashable
without having to remove the human driver from the equation.
Announcing New Global Tier 1 Automotive Customer
Partnerships
The shift towards vehicles that are increasingly automated
presents new challenges for automakers, particularly in the design
integration of the sensor suite into consumer vehicles, which is
why experts like Webasto and Inalfa are key industry allies on our
mission to standardize a comprehensive Lidar-based autonomous
system solution on all consumer vehicles. The companies will offer
roof integration design solutions to automakers with Luminar
seamlessly integrated, paving the way to enable autonomous
production vehicles as the technology becomes standardized.
In addition to Luminar’s driving demos, Webasto Group., a global
tier 1 supplier, will showcase its roof integration with Iris as
the primary lidar sensor in driving demos to select automakers at
the IAA Mobility 2021.
Inalfa Roof Systems, a global Tier 1 supplier, is featuring
Luminar’s Iris lidar in the crown of its roof design. Automakers
can experience the new design in a custom seating buck located at
Inalfa’s IAA Mobility Summit booth 60 in Hall A2.
The conference will also host a discussion on the future of
autonomous vehicles featuring Luminar’s Vice President of Software,
Christoph Schroeder.
Autonomous Mobility in Cities of the Future 9 Sep,
17.00-17.45 CET
To learn more, attendees can visit Luminar at the IAA Mobility
Summit, Hall A2 Booth B09 from September 7–12, 2021.
About Luminar Technologies:
Luminar is an autonomous vehicle sensor and software company
with the vision to make autonomy safe and ubiquitous by delivering
the only lidar and associated software that meets the industry’s
stringent performance, safety, and economic requirements. Luminar
has rapidly gained over 50 industry partners, including 8 of the
top 10 global automotive OEMs. In 2020, Luminar signed the
industry’s first production deal for autonomous consumer vehicles
with Volvo Cars, while also recently striking deals with Daimler
Truck AG and Intel’s Mobileye. Luminar has also received minority
investments from the world’s largest commercial vehicle
manufacturer, Daimler Truck AG, and Volvo Cars, a global leader in
automotive safety, to accelerate the introduction of autonomous
trucks and cars at highway speed. Founded in 2012, Luminar is a
400-person team with offices in Palo Alto, Orlando, Colorado
Springs, Detroit, and Munich. For more information please visit
www.luminartech.com.
Forward-Looking Statements
Certain statements included in this press release that are not
historical facts are forward-looking statements for purposes of the
safe harbor provisions under the Private Securities Litigation
Reform Act of 1995. Forward-looking statements generally are
accompanied by words such as “aims”, “believe,” “may,” “will,”
“estimate,” “set,” “continue,” “towards,” “anticipate,” “intend,”
“expect,” “should,” “would,” “forward,” and similar expressions
that predict or indicate future events or trends or that are not
statements of historical matters. These forward-looking statements
include, but are not limited to, statements regarding Luminar’s
expectations that the safety impact of its Proactive SafetyTM
system will be significant, that Luminar’s technology will be
widely adopted and standardized, that the performance and
capabilities of the Proactive SafetyTM system will meet the design
criteria, including surpassing traditional ADAS, and that Luminar’s
relationships with Webasto and Inalfa will accelerate industry
adoption of Luminar’s technology. These statements are based on
various assumptions, whether or not identified in this press
release, and on the current expectations of Luminar's management
and are not predictions of actual performance. Forward-looking
statements are subject to a number of risks and uncertainties that
could cause actual results to differ materially from the
forward-looking statements, including the risks discussed under the
heading “Risk Factors” in the Annual Report on Form 10-K filed by
Luminar on April 14, 2021, the registration statements on Form S-1
(Nos. 333-251657 and 333-257989) filed with the SEC and amendments
thereto, and other documents Luminar files with the SEC in the
future. If any of these risks materialize or our assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. You are cautioned not
to place undue reliance upon any forward-looking statements, which
speak only as of the date made and Luminar undertakes no obligation
to update any forward-looking statement to reflect events or
circumstances after the date of this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210902005531/en/
Media Relations: Press@luminartech.com
Investor Relations: Trey Campbell Investors@luminartech.com
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