NOVI, Mich. and HOD HASHARON,
Israel, Jan. 18, 2022 /PRNewswire/ -- Valens
Semiconductor (NYSE: VLN), a premier provider of high-speed
connectivity solutions for the automotive and audio-video markets,
and Stoneridge, Inc. (NYSE: SRI), a leading designer and
manufacturer of highly engineered electrical and electronic vehicle
systems, today announced their partnership to introduce a
connectivity solution related to vision and safety systems in
tractor trailers to address safety-critical issues in the trucking
industry.
Trucks on the road today experience visibility limitations, due
in part to the inability for existing connectivity technologies to
support the level of data transfer needed to appropriately address
challenges within the truck and the required length of the link
between the tractor and the trailer.
Since 2020, Valens and Stoneridge have been working on the
development of a long-reach connectivity solution to enable the
delivery of high quality, zero-latency, error-free video.
"Paired with Stoneridge cameras, this connectivity solution by
Valens opens the door for the development of new technologies and
product capabilities beyond our current portfolio that will
continue to transform the commercial vehicle safety environment and
reduce operating costs for the fleets," said Jon DeGaynor, president and CEO of
Stoneridge.
"The solutions we are working on, based on the Valens VA6000
chipset family, will open the door to a safer experience for truck
drivers around the world relying on Stoneridge systems," said
Gideon Ben-Zvi, CEO of Valens
Semiconductor. "Leveraging our unique connectivity technology, we
aim to make the roads safer – both for the truck drivers and for
the people around them."
About Stoneridge
Stoneridge, Inc. is a designer and manufacturer of highly
engineered electrical and electronic systems, components and
modules, primarily for the automotive, commercial vehicle,
motorcycle, agricultural and off-highway vehicle markets.
Stoneridge is well-positioned to meet the global needs of the
mobility industry, providing solutions that power vehicle
intelligence, provide dramatic increases in fuel efficiency, reduce
vehicle emissions, and improve safety and security for vehicles,
cargo and drivers. The mobility industry's sought-after integrated
technology partner, Stoneridge is ready to take on your next
vehicle challenge. For more, visit https://www.stoneridge.com/.
About Valens Semiconductor Ltd.
Valens (NYSE: VLN) is a leading provider of semiconductor
products, pushing the boundaries of connectivity by enabling
long-reach, high-speed video and data transmission for the
automotive and audio-video industries. Valens' Emmy® award-winning
HDBaseT technology is the leading standard in the professional AV
market with tens of millions of Valens' chipsets integrated into
thousands of HDBaseT-enabled products. Valens Automotive is a key
enabler of the evolution of autonomous driving, providing chipsets
that are on the road in premium vehicles around the world. The
underlying technology has been selected to become the basis for the
new international standard for automotive connectivity. For more,
visit https://www.valens.com/.
Forward-Looking Statements
Valens may, in this communication, make certain statements that
are not historical facts and relate to analysis or other
information which are based on forecasts or future or results.
Examples of such forward-looking statements include, but are not
limited to, statements regarding future prospects, product
development and business strategies. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "continue," and similar expressions are
intended to identify such forward-looking statements but are not
the exclusive means for identifying such statements. By their very
nature, forward-looking statements involve inherent risks and
uncertainties, both general and specific, and there are risks that
the predictions, forecasts, projections and other forward-looking
statements will not be achieved. You should understand that a
number of factors could cause actual results to differ materially
from the plans, objectives, expectations, estimates and intentions
expressed in such forward-looking statements, including the risks
set forth under "Risk Factors" in our Registration Statement on
Form F-1 and our other SEC filings. Valens cautions readers not to
place undue reliance upon any forward-looking statements, which
speak only as of the date made. Valens does not undertake or accept
any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change
in its expectations or any change in events, conditions or
circumstances on which any such statement is based.
Media Contact:
Yoni Dayan
Head of Communications
Valens Semiconductor Ltd.
Yoni.dayan@valens.com
Valens Investor Contacts:
Daphna Golden
Vice President Investor Relations
Valens Semiconductor Ltd.
investors@valens.com
Matthew Keating, CFA
Financial Profiles, Inc.
US: +1 310-622-8230
ValensIR@finprofiles.com
Stoneridge Investor Contacts:
Kelly Harvey
Director Investor Relations
Stoneridge, Inc.
Kelly.Harvey@stoneridge.com
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SOURCE Valens Semiconductor