HOD HASHARON, Israel, April 10,
2024 /PRNewswire/ -- Today, Valens Semiconductor
(NYSE:VLN) announced that it has collaborated with Sony
Semiconductor Solutions Corporation (Sony) to complete
Electromagnetic Compatibility (EMC) testing of a multi-vendor A-PHY
link, progressing towards a mature Sony A-PHY-integrated image
sensor that is compatible with Valens' VA7000 deserializer chip.
The landmark Sony solution will be the first in the automotive
industry to include an integrated high-speed connectivity solution,
leading to a significantly less expensive, smaller form factor,
lower power consumption camera for enhanced advanced
driver-assistance systems (ADAS) applications.
MIPI A-PHY is the first standard in the automotive industry for
in-vehicle high-speed connectivity, and the only technology that is
optimized to support sensor integration. Since its release in 2020,
it has attracted a growing ecosystem of companies designing
products based on the technology. Today, several automotive OEMs
and Tier 1s are evaluating VA7000 MIPI A-PHY-compliant chipsets for
integration into their next-generation systems.
The two companies successfully completed Interoperability
Testing (IOT) and Electromagnetic Compatibility (EMC) testing,
passing Bulk Current Injection (BCI), RF Ingress and Transients On
Line (ToL) testing, including on a 15m/40ft cable that had been aged to simulate the
entire lifecycle of the vehicle. This validates the ability of the
devices to operate without interference in a real-world automotive
environment, essential for ensuring the safety and reliability of
electronic systems in vehicles for advanced driver-assistance
systems (ADAS) and autonomous driving applications.
Deepening the collaboration, Valens and Sony are developing an 8
Megapixel A-PHY camera module for ADAS systems that will be
prepared in the coming months.
"We are rapidly moving towards bringing to market the first-ever
sensor with integrated high-speed connectivity, and these IOT and
EMC tests are testament to the maturity of the A-PHY standard and
our camera solution," said Kenji
Onishi, Deputy Senior General Manager of the Automotive
business Division in Sony Semiconductor Solutions. "We believe that
A-PHY is uniquely positioned to meet automotive OEM requirements
for enhanced ADAS systems. The standard offers a unique combination
of unprecedented performance alongside sensor integration, which
enables us to lead the market with a cutting-edge camera with a
simplified design."
"One of the key benefits of MIPI A-PHY technology is its
optimization of the transmitter, which is small, inexpensive, and
simple. This allows for direct integration of the connectivity
inside the sensor – a benefit that no competing solution can
provide," said Eyran Lida, Chief
Technology Officer at Valens Semiconductor. "The EMC testing
proves, once again, the superior performance of A-PHY technology
and the ability to build a truly interoperable ecosystem."
"From the beginning, MIPI A-PHY was designed to reduce
complexity on the sensor side while delivering exceptional EMC
performance throughout the lifecycle of the vehicle," said
Sanjiv Desai, MIPI Alliance chair.
"This collaboration demonstrates both these goals, and we commend
Valens and Sony for achieving this milestone. We're pleased to see
the continued growth and development of the A-PHY ecosystem."
About Valens Semiconductor
Valens Semiconductor (NYSE:VLN) 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 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 February 28, 2024 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.
Press Contacts
Yoni Dayan,
Head of Communications
Valens Semiconductor Ltd.
Yoni.dayan@valens.com
Pat Burek
Senior Vice President
Financial Profiles, Inc.
pburek@finprofiles.com
Investor Contacts
Lisa Fortuna
Senior Vice President
Financial Profiles, Inc.
lfortuna@finprofiles.com
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