Addresses Growing Demand for Enhanced Safety
Features in Vehicles; Products Fully Qualified to Stringent
AEC-Q100 Requirements
indie Semiconductor, an Autotech solutions innovator, which is
currently in the process of merging with Thunder Bridge Acquisition
II, Ltd. (Nasdaq: THBR), a special purpose acquisition company,
today unveiled a family of high-performance sensing solutions
supporting automotive parking-assist applications. Leveraging its
mixed signal, digital signal processing (DSP) and power management
expertise, indie’s highly integrated Echosense™ and Sonosense™
devices incorporate proprietary DSP algorithms that reduce hardware
requirements and lower overall costs. The solutions embody the
company’s holistic and optimized approach to solving the Autotech
industry’s most challenging architectural issues.
“With increasing global concerns over enhanced safety,
automotive manufacturers are actively including features such as
intelligent parking-assist systems into their vehicles,” said Paul
Hollingworth, indie’s executive vice president of sales and
marketing. “indie is excited to be enabling differentiated
technologies that support advanced driver assistance systems, and
ultimately fully autonomous vehicles. Our Echosense™ and Sonosense™
platforms provide OEMs with comprehensive architectures that
simplify their design cycles, offer significant cost advantages and
deliver the safety benefits drivers demand.”
In addition to its suite of parking-assist solutions, indie is
also developing cutting-edge platforms for computer vision cameras,
FMCW LiDAR, radar and sensor fusion applications serving Tier 1
customers and major automotive OEMs.
indie’s products serve four types of automotive applications:
safety systems, connected car, user experience and electrification.
According to IHS research, these key functions are projected to
grow at a 19 percent compounded annual growth rate, from $16
billion in 2020 to $38 billion by 2025, substantially outpacing the
broader global automotive semiconductor market during the same
period.
About Sonosense™ and Echosense™
Sonosense™ (iND83207) and Echosense™ (iND83208) are high
performance, ultrasonic automotive parking-assist solutions. Both
incorporate a powerful 32-bit ARM® M0 core with 64kB of FLASH and
16kB of SRAM. A low-noise receiver is combined with proprietary DSP
hardware to detect object echoes. Object identification algorithms
are implemented in the ARM® M0 core, reducing the hardware
requirements of the devices and substantially lowering overall
system cost. Both devices include an integrated power management
unit (PMU) directly connected to the car battery, from which all
the supplies required by the device are generated. Connectivity is
provided through fully-integrated LIN interfaces.
The Echosense™ ultrasound transducer is driven by a high-voltage
full-bridge driver enabling a transformer-less solution. Sonosense™
integrates two regulated current sources for driving the primary
side of a center-tapped transformer, with the secondary side
powering an ultrasonic transducer.
For more information about these devices and other indie
solutions, please contact info@indiesemi.com.
About indie
indie is empowering the Autotech revolution with next generation
automotive semiconductors and software platforms. We focus on edge
sensors for Advanced Driver Assistance Systems including LiDAR,
connected car, user experience and electrification applications.
These technologies represent the core underpinnings of both
electric and autonomous vehicles, while the advanced user
interfaces transform the in-cabin experience to mirror and
seamlessly connect to the mobile platforms we rely on every day. We
are an approved vendor to Tier 1 partners and our solutions can be
found in marquee automotive OEMs around the world. Headquartered in
Aliso Viejo, CA, indie has design centers and sales offices in
Austin, TX; Boston, MA; Detroit, MI; San Francisco and San Jose,
CA; Budapest, Hungary; Dresden, Germany; Edinburgh, Scotland and
various locations throughout China.
Please visit us at www.indiesemi.com to learn more.
In December 2020, indie announced it entered into a definitive
agreement to merge with Thunder Bridge Acquisition II, Ltd.
(Nasdaq: THBR), a special purpose acquisition company. The
transaction is expected to close in early Spring 2021, subject to
regulatory and stockholder approvals, and other customary closing
conditions. The combined company will retain the indie
Semiconductor name and be listed on Nasdaq under the new ticker
symbol “INDI.”
About Thunder Bridge Acquisition II, Ltd.
Thunder Bridge Acquisition II, Ltd. is a blank check company
formed for the purpose of effecting a merger, share exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. In August 2019, Thunder
Bridge Acquisition II, Ltd. consummated a $345 million initial
public offering (the “IPO”) of 34.5 million units (reflecting the
underwriters’ exercise of their over-allotment option in full),
each unit consisting of one of the Company’s Class A ordinary
shares and one-half warrant, each whole warrant enabling the holder
thereof to purchase one Class A ordinary share at a price of $11.50
per share. Thunder Bridge Acquisition II’s securities are quoted on
the Nasdaq stock exchange under the ticker symbols THBRU, THBR and
THBRW.
Additional Information about the Transaction and Where to
Find It
In connection with the proposed transaction, Thunder Bridge
Acquisition II filed a registration statement on Form S-4 (the
“Form S-4”), which includes a proxy statement/prospectus, with the
Securities and Exchange Commission (the “SEC”) on January 25, 2021,
which was amended on March 23, 2021, and intends to file any and
all additional relevant materials and other documents, as they
become available, regarding the proposed transaction with the SEC.
All persons, including Thunder Bridge Acquisition II’s shareholders
are urged to read, the preliminary proxy statement/prospectus,
included in the Form S-4, and the amendments thereto and the
definitive proxy statement/prospectus and documents incorporated by
reference therein filed in connection with the proposed business
combination, as these materials will contain important information
about indie, Thunder Bridge Acquisition II and the proposed
business combination. Promptly after the Form S-4 is declared
effective by the SEC, Thunder Bridge Acquisition II will mail the
definitive proxy statement/prospectus and a proxy card to each
shareholder entitled to vote at the meeting relating to the
approval of the Business Combination and other proposals set forth
in the proxy statement/prospectus. Before making any voting or
investment decision, investors and shareholders of Thunder Bridge
Acquisition II are urged to carefully read the entire Form S-4 and
proxy statement/prospectus, when they become available, and any
other relevant documents filed with the SEC, as well as any
amendments or supplements to these documents, because they will
contain important information about the proposed transaction. The
documents filed by Thunder Bridge Acquisition II with the SEC may
be obtained free of charge at the SEC’s website at www.sec.gov or
by directing a request to Thunder Bridge Acquisition II, Ltd., 9912
Georgetown Pike, Suite D203, Great Falls, Virginia, 22066,
Attention: Secretary, or by calling (202) 431-0507.
Participants in the Solicitation
indie Semiconductor and Thunder Bridge Acquisition II and their
respective directors and executive officers and certain other
members of management and employees may be deemed “participants” in
the solicitation of proxies from Thunder Bridge Acquisition II
shareholders with respect to the business combination. A list of
the names of those directors and executive officers and a
description of their interests in Thunder Bridge Acquisition II or
indie Semiconductor is set forth in the proxy statement/prospectus
for the proposed business combination included in the Form S-4,
which is available at www.sec.gov. Information about Thunder Bridge
Acquisition II’s directors and executive officers and their
ownership of Thunder Bridge Acquisition II ordinary shares is set
forth in Thunder Bridge Acquisition II prospectus, dated August 9,
2019 and in the proxy statement/prospectus included in the Form
S-4, as may be modified or supplemented by any Form 3 or Form 4
filed with the SEC since the date of such filings. These documents
can be obtained free of charge from www.sec.gov.
Forward Looking Statements
This communication contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Such statements include, but are not limited to, statements
about our addressable market, our intentions to merge with Thunder
Bridge Acquisition II; and other statements identified by words
such as “will likely result,” “are expected to,” “will continue,”
“is anticipated,” “estimated,” “believe,” “intend,” “plan,”
“projection,” “outlook” or words of similar meaning. Such
forward-looking statements are based upon the current beliefs and
expectations of our management and are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are difficult to predict and generally
beyond our control. Actual results and the timing of events may
differ materially from the results anticipated in these
forward-looking statements. In addition to factors previously
disclosed in Thunder Bridge Acquisition II’s reports filed with the
SEC and those identified elsewhere in this communication, the
following factors, among others, could cause actual results and the
timing of events to differ materially from the anticipated results
or other expectations expressed in the forward-looking statements:
inability to meet the closing conditions to the business
combination, including the occurrence of any event, change or other
circumstances that could give rise to the termination of the
definitive agreement; the inability to complete the transactions
contemplated by the definitive agreement due to the failure to
obtain approval of Thunder Bridge Acquisition II’s shareholders;
and other risks and uncertainties indicated in the proxy
statement/prospectus relating to the proposed business combination,
including those under “Risk Factors” therein, and in Thunder Bridge
Acquisition II’s other filings with the SEC. Indie cautions that
the foregoing list of factors is not exclusive.
All information set forth herein speaks only as of the date
hereof in the case of information about Thunder Bridge Acquisition
II and indie or the date of such information in the case of
information from persons other than Thunder Bridge Acquisition II
or indie, and we disclaim any intention or obligation to update any
forward-looking statements as a result of developments occurring
after the date of this communication except as required by law.
No Offer or Solicitation
This press release shall not constitute a solicitation of a
proxy, consent, or authorization with respect to any securities nor
shall it constitute an offer to sell or the solicitation of an
offer to buy any securities, nor shall there be any sale of
securities in any states or jurisdictions in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
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version on businesswire.com: https://www.businesswire.com/news/home/20210412005380/en/
indie Media Relations: Pilar Barrigas 949-608-0854
media@indiesemi.com
indie Investor Relations: ir@indiesemi.com
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