TEL AVIV, Israel, Nov. 18, 2021 /PRNewswire/ -- Arbe Robotics
Ltd. (Nasdaq: ARBE) ("Arbe"), a global leader in next-generation 4D
Imaging Radar Solutions, today announces that their 4D Imaging
Radar Technology wins the Informa Tech Automotive Awards for ADAS
& Autonomous Product/Service of the Year.
The Informa Tech Automotive Awards, formerly known as
TU-Automotive Awards, celebrates the best talent, products, and
services across automotive technology. The companies were selected
based on a rigorous criteria set forth by a judging panel,
supported by the WardsAuto and Wards Intelligence editorial and
analyst teams.
The basis of the award is that Arbe's 4D Imaging Radar
Technology is revolutionizing automotive sensing with an
affordable, ultra-high resolution sensor that delivers top
performance in all environment, weather and lighting conditions,
providing an unmatched level of safety to the market. Arbe's
technology has transformed radar as a sensor by infusing it with
capabilities that were previously not compatible with radar and
associated with more costly sensors. It is the first radar that can
truly enrich perception algorithms, making sure they operate in all
corner cases and environments, which is necessary to achieve the
Vision Zero mission of safety.
"We are excited to be honored by Informa and to be distinguished
from a group of companies that represent excellence in automotive
technology," says Kobi Marenko,
Chief Executive Officer of Arbe. "Our 4D Imaging Radar Technology
has been breaking the boundaries of what radar can do, reinventing
the sensor by infusing it with ultra-high resolution, and
perception capabilities."
For more information about the awards, please visit:
https://wardsauto.informa.com/informa-tech-automotive-awards/
Information on or which can be derived from this website or any
other website is not a part of this press release.
About Arbe
Arbe (Nasdaq: ARBE), a global leader in next-generation 4D
Imaging Radar Chipset Solutions, is spearheading a radar
revolution, enabling truly safe driver-assist systems today while
paving the way to full autonomous-driving. Arbe's imaging radar is
100 times more detailed than any other radar on the market and is a
mandatory sensor for L2+ and higher autonomy. The company is
empowering automakers, tier-1 suppliers, autonomous ground
vehicles, commercial and industrial vehicles, and a wide array of
safety applications with advanced sensing and paradigm-changing
perception. Arbe is a leader in the fast-growing automotive radar
market that has an estimated projected total addressable market of
$11 billion in 2025. Arbe is based in
Tel Aviv, Israel, and has an
office in the United States.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain "forward-looking statements"
within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, both as amended by the Private Securities
Litigation Reform Act of 1995. The words "expect," "believe,"
"estimate," "intend," "plan," "anticipate," "project," "may,"
"should," "strategy," "future," "will," "project," "potential" and
similar expressions indicate forward-looking statements.
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Statements that are not historical facts
are forward-looking statements. You should carefully consider the
risk factors and uncertainties described in "Risk Factors,"
"Management's Discussion and Analysis of Financial Condition and
Results of Operations," "Cautionary Note Regarding Forward-Looking
Statements" and the additional risk described in Arbe's prospectus
dated November 2, 2021, which was
filed by Arbe with the Securities and Exchange Commission on
November 4, 2021, as well as the
other documents filed by Arbe with the SEC. Accordingly, you are
cautioned not to place undue reliance on these forward-looking
statements. Forward-looking statements relate only to the date they
were made, and Arbe does not undertake any obligation to update
forward-looking statements to reflect events or circumstances after
the date they were made except as required by law or applicable
regulation.
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SOURCE Arbe