Company's VS6320 chipset, the first-to-market
high-performance single-chip solution for extension of USB3.2,
recognized for outstanding design and engineering
HOD HASHARON, Israel, Nov. 21,
2023 /PRNewswire/ -- Valens Semiconductor (NYSE:
VLN), a premier provider of high-performance connectivity solutions
for the audio-video and automotive markets, today announced that it
has been named a CES® 2024 Innovation Awards Honoree in the
Embedded Technologies category. This year's CES Innovation Awards
program received a record number of over 3000 submissions. The
announcement was made ahead of CES 2024, happening January 9-12 in Las
Vegas, NV. The Company's latest innovations for in-vehicle
connectivity advancing Advanced Driver Assistance Systems (ADAS),
autonomous and vehicle safety, as well as the VS6320 chipset, will
be showcased at LVCC West Hall #W317.
Valens Semiconductor's VS6320 chipset, which addresses a
critical need in the global videoconferencing, information
technology (IT), industrial and medical markets, was recognized for
its outstanding design and engineering of this new high-performance
and efficient long-distance single-chip extension solution.
"We are excited to receive the prestigious CES Innovation Award
for the fifth time, this time for our VS6320 chip, which was
recognized for its breakthrough technology that solves the growing
need for extension of USB peripherals in conference rooms of all
sizes, in education, medical and industrial applications," said
Gabi Shriki, SVP, Head of
Audio-Video at Valens Semiconductor.
"With the proliferation of USB peripherals supporting
high-bandwidth applications like high-resolution cameras and
recording devices, we identified the growing need for a
professional grade USB3.2 extension solution. The amount of
interest we are seeing prior to the launch of the VS6320 is
phenomenal. We are already seeing companies investing in embedding
the VS6320 into their products, and we expect revenues to begin
ramping during the second half of 2024. Our customers, who choose
to deploy this highly integrated chipset in their products, will
benefit from a resilient, long-distance, reduced power consumption,
smaller size, cost-effective solution," concluded
Shriki.
Valens Semiconductor's VS6320 provides extension of
high-performance USB3.2 Gen1 peripherals at up to 100 meters/328
feet over category cable. It supports both USB3 (Superspeed 5Gbps)
and USB2 (480Mbps), all types of USB transfer protocols (BULK, ISO,
INT, Control), as well as dedicated control signals (UART, GPIO)
over category cables. The VS6320 is set to comply with the upcoming
HDBaseT-USB3 standard.
The CES Innovation Awards program, owned and produced by the
Consumer Technology Association (CTA)®, is an annual competition
honoring outstanding design and engineering in 29 consumer
technology product categories. Those with the highest rating
receive the "Best of Innovation" distinction. 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.
Please join Valens Semiconductor at CES 2024 (LVCC, West Hall,
#W317, January 9 –12, 2024) to learn
more about our latest innovations for advancing in-vehicle
connectivity advancing ADAS, autonomous and vehicle safety, as well
as the VS6320 audio-video USB3 extension solution. Contact us here
to schedule a meeting.
About Valens Semiconductor
Valens Semiconductor is a leader in high-performance
connectivity, enabling customers to transform the digital
experiences of people worldwide. Valens' chipsets are integrated
into countless devices from leading customers, powering
state-of-the-art audio-video installations, next-generation
videoconferencing, and enabling the evolution of ADAS and
autonomous driving. Pushing the boundaries of connectivity, Valens
sets the standard everywhere it operates, and its technology forms
the basis for the leading industry standards such as HDBaseT® and
MIPI A-PHY. For more information, visit https://www.valens.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"estimate," "plan," "project," "forecast," "intend," "will,"
"expect," "anticipate," "believe," "seek," "target" or other
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 our anticipated future results, including
financial results, currency exchange rates, and contract wins, and
future economic and market conditions. These statements are based
on various assumptions, whether or not identified in this press
release, and on the current expectations of Valens Semiconductor's
("Valens") management and are not predictions of actual
performance. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as, and
must not be relied on by any investor as, a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual
events and circumstances are beyond the control of Valens
Semiconductor.
These forward-looking statements are subject to a number of
risks and uncertainties, including the cyclicality of the
semiconductor industry; the effect of inflation and a rising
interest rate environment on our customers and industry; the
ability of our customers to absorb inventory; the effects of health
epidemics, such as the recent global COVID-19 pandemic; the impact
of the global pandemic caused by COVID-19 on our customers' budgets
and on economic conditions generally, as well as the length,
severity of and pace of recovery following the pandemic;
competition in the semiconductor industry, and the failure to
introduce new technologies and products in a timely manner to
compete successfully against competitors; if Valens fails to adjust
its supply chain volume due to changing market conditions or fails
to estimate its customers' demand; disruptions in relationships
with any one of Valens' key customers; any difficulty selling
Valens' products if customers do not design its products into their
product offerings; Valens' dependence on winning selection
processes; even if Valens succeeds in winning selection processes
for its products, Valens may not generate timely or sufficient net
sales or margins from those wins; sustained yield problems or other
delays in the manufacturing process of products; our ability to
effectively manage, invest in, grow, and retain our sales force,
research and development capabilities, marketing team and other key
personnel; our ability to timely adjust product prices to customers
following price increase by the supply chain; our ability to adjust
our inventory level due to reduction in demand due to inventory
buffers accrued by customers; our expectations regarding the
outcome of any future litigation in which we are named as a party;
our ability to adequately protect and defend our intellectual
property and other proprietary rights; the market price and trading
volume of the Valens ordinary shares may be volatile and could
decline significantly; political, economic, governmental and tax
consequences associated with our incorporation and location in
Israel; and those factors
discussed in Valens' Form 20-F filed with the SEC on March 1, 2023 under the heading "Risk Factors,"
and other documents of Valens filed, or to be filed, with the SEC.
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. There may be
additional risks that Valens does not presently know or that Valens
currently believes are immaterial that could also cause actual
results to differ from those contained in the forward-looking
statements. In addition, forward-looking statements reflect Valens'
expectations, plans or forecasts of future events and views as of
the date of this press release. Valens anticipates that subsequent
events and developments may cause Valens' assessments to change.
However, while Valens may elect to update these forward-looking
statements at some point in the future, Valens specifically
disclaims any obligation to do so. These forward-looking statements
should not be relied upon as representing Valens' assessment as of
any date subsequent to the date of this press release. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
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Valens Semiconductor Media Contact:
Yoni Dayan
Head of Communications
Valens Semiconductor Ltd.
yoni.dayan@valens.com
Valens Semiconductor Investor Contacts:
Daphna Golden
Vice President Investor Relations
Valens Semiconductor Ltd.
investors@valens.com
Margaret Boyce
Financial Profiles, Inc.
valens@finprofiles.com
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SOURCE Valens Semiconductor