Company Continues to Attract Industry’s Top
Talent – Adding Distinguished Executives in Business Development
and Finance
AEye, Inc. (NASDAQ: LIDR, $LIDR), the global leader in adaptive,
high-performance lidar solutions, today announced the appointment
of former Apple Inc. global marketing executive Sue Zeifman to its
board of directors. Zeifman, who has led the implementation of
global marketing and communications for some of the world’s best
known technology and consumer brands, adds her considerable
expertise to a seasoned board led by Carol DiBattiste, and made up
of former top executives from companies including Gap, Daimler-Benz
AG, Kleiner Perkins and General Motors.
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Lidar leader AEye appoints former Apple
Inc. global marketing executive Sue Zeifman to its board of
directors (Photo: Business Wire)
Zeifman has spent her career managing global marketing and
multi-layered programs for storied consumer and tech brands. Most
recently, she spent nine years as Apple’s head of Global Marketing
Production, where she was responsible for a global team of more
than 400 staff and agency personnel directing the worldwide
management of marketing content, as well as creative and production
services. Prior to Apple, Zeifman was SVP and director of Strategic
Creative and Production Services at Young & Rubicam, one of the
world’s largest advertising agencies, where she managed global
accounts such as Hitachi, AMD, Electronic Arts, Adobe, Dell,
Microsoft, Lincoln-Mercury, Chevron, and Clorox.
“During my career, I have learned something about innovation and
technology adoption. It is obvious to me that lidar will be
everywhere, and after researching the available lidar technologies
and companies, it was clear to me that AEye is the company that
will make that happen,” said Zeifman. “AEye, like so many brands
that I have worked with, is a true innovator, with a technology
that I believe will transform the industries it serves. The
underlying theme in my career at Apple and elsewhere has been the
delivery of effective and creative storytelling to drive brand
affinity and awareness. I look forward to doing the same with AEye,
a company that’s well on its way to market leadership.”
Company Expands Leadership Ranks
The company also announced several additions to its leadership
ranks, including former DENSO executive Randolph Williams as VP of
Commercial Vehicles, former Valeo executive Gavan Hennessy as VP of
Autonomous Platforms, and former Google finance executive Conor
Tierney as chief accounting officer.
As VP of Commercial Vehicles, Williams will work directly with
global commercial vehicle OEMs and over-the-road truck fleets,
together with AEye’s Tier 1 partners, including Continental, to
drive widespread global adoption of AEye’s 4Sight™ Intelligent
Sensing Platform. He joins AEye from DENSO, where he was
responsible for the global automotive component manufacturer’s Asia
Pacific sales. Prior to DENSO, he spent more than 23 years in
leading global business development and technical sales leadership
posts at Delphi Automotive, where he worked extensively with global
commercial vehicle OEM customers, trucking fleets, and off-highway
customers.
In the newly created VP of Autonomous Platforms role, Hennessy
will work closely with AV stack providers to integrate AEye’s
4Sight platform into commercial and passenger vehicles. A 25-year
automotive veteran, Hennessy comes to AEye from Valeo, where he was
group customer director for Mobility. He was also a director at
Valeo’s Vision System headquarters in Ireland and was instrumental
in growing the automotive camera systems business into a
significant portion of Valeo’s revenue.
As chief accounting officer, Tierney will be responsible for
overall leadership of AEye’s accounting, financial compliance,
controls, and reporting functions. Prior to joining AEye, Tierney
was head of Finance and corporate controller at Alphabet's Wing
Aviation division (Alphabet's drone delivery business). He also
served as corporate controller at Glu Mobile in the mobile gaming
space, managing a 20-person global team, and worked at Big 4
accounting firms Deloitte and PricewaterhouseCoopers.
“AEye continues to attract highly-recruited executives from some
of the world’s best-known companies. They are choosing to invest
their time and talent with us,” said AEye CEO Blair LaCorte. “The
best and brightest are joining us because they share our belief
that lidar is essential, and that our business model and technology
are highly-differentiated and extremely compelling. Sue, Randolph,
Gavan, and Conor are joining a team that is second to none, and
they will help us execute on our business plan and accelerate
widespread adoption of AEye’s groundbreaking lidar.”
AEye’s 4Sight Intelligent Sensing Platform, with Adaptive Lidar
at its core, is able to tailor its output to application-specific
requirements for automotive, mobility, and industrial applications.
This modular platform uses adaptive sensing to deliver
industry-leading performance, which addresses the most difficult
challenges facing autonomous driving, while meeting automotive
functional safety requirements. 4Sight’s built-in intelligence
enables it to focus on what matters most in all environments and
weather conditions, enabling safer, smarter, and faster decisions
in complex driving scenarios. As a result, AEye’s Adaptive LiDAR
uniquely enables higher levels of autonomous functionality (SAE
L2-L5) at the optimal performance, power, and price.
About AEye
AEye’s artificial intelligence-driven Adaptive Lidar provides
valuable solutions for dynamic sensing applications ranging from
repetitive robotics to autonomous driving that require precise
measurement imaging to ensure safety and performance. At the core
of AEye’s 4Sight Intelligent Sensing Platform, the Adaptive Lidar
focuses on what matters most, enabling faster, more accurate, and
reliable perception. The 4Sight platform integrates, optimizes, and
processes the sensing information in real-time and this modular
platform is configurable to meet current and evolving customer
requirements. The company was founded in 2013 and is based in the
San Francisco Bay Area.
Forward-Looking Statements
Certain statements included in this press release that are not
historical facts are forward-looking statements within the meaning
of the federal securities laws, including the safe harbor
provisions under the U.S. Private Securities Litigation Reform Act
of 1995. Forward-looking statements are sometimes accompanied by
words such as “believe,” “continue,” “project,” “expect,”
“anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “predict,” “plan,” “may,” “should,” “will,” “would,”
“potential,” “seem,” “seek,” “outlook,” and similar expressions
that predict or indicate future events or trends, or that are not
statements of historical matters. 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. Forward looking
statements included in this press release include statements about
AEye’s products and business plan, the eventual ubiquity of lidar,
the adaptability of those products, the ability of these products
to meet the requirements for multiple applications, adoption of
AEye’s products, and AEye’s market position, among others. These
statements are based on various assumptions, whether or not
identified in this press release. These forward-looking statements
are provided for illustrative purposes only and are not intended to
serve as and must not be relied on by an investor as a guarantee,
an assurance, a prediction, or a definitive statement of fact or
probability. Actual events and circumstances are very difficult or
impossible to predict and will differ from the assumptions. Many
actual events and circumstances are beyond the control of AEye.
Many factors could cause actual future events to differ from the
forward-looking statements in this press release, including but not
limited to: (i) the risk that lidar will not be ubiquitous in the
timeframe anticipated by AEye, or at all; (ii) the risks that AEye
’s products will not be viewed as truly innovative in the
marketplace; (iii) the risks that AEye will be unable to drive
sufficient brand affinity or awareness in the marketplace; (iv) the
risks that AEye will be unable to establish market leadership; (v)
the risks that AEye will be unable to continue to attract sought
after executives or retain existing executives over time; (vi) the
risks that AEye’s business model and technology will be viewed in
the marketplace as highly differentiated or compelling; (vii) the
risks that AEye’s products will be adopted on a widespread basis,
or at all, and the timing associated with such adoption being
longer than anticipated by AEye; (viii) the risks that AEye’s
products will be unable to sufficiently tailored to meet the
requirements of customers in the automotive, mobility, or
industrial markets; (ix) the risks that AEye’s unique approach to
lidar sensing will not result in a commercial product or, if a
commercial product is launched, that it is accepted by the market;
(x) the risks that AEye’s product is not found by the marketplace
to uniquely drive innovation expected by customers; (xi) the risks
that AEye will be successful in reducing the cost of its products
over time sufficient to meet the demands of the market; (xii) the
risks that our products will not meet the specific needs of our
customers; (xiii) the risks that lidar adoption occurs slower than
anticipated or fails to occur at all; (xiv) the risks that AEye’s
products will not meet the diverse range of performance and
functional requirements of AEye’s target markets and customers;
(xv) the risks that AEye’s products will not function as
anticipated by AEye or by AEye’s target markets and customers;
(xvi) the risks that AEye may not be in a position to adequately or
timely address either the near or long-term opportunities that may
or may not exist in the evolving autonomous transportation
industry; (xvii) the risks that laws and regulations are adopted
impacting the use of lidar that AEye is unable to comply with, in
whole or in part; (xviii) changes in competitive and regulated
industries in which AEye operates, variations in operating
performance across competitors, and changes in laws and regulations
affecting AEye’s business; (xix) the risks that AEye is unable to
adequately implement its business plans, forecasts, and other
expectations, and identify and realize additional opportunities;
and (xx) the risks of downturns and a changing regulatory landscape
in the highly competitive and evolving industry in which AEye
operates. These risks and uncertainties may be amplified by the
COVID-19 pandemic, including the Delta, Omicron and future
variants, which has caused significant economic uncertainty. The
foregoing list of factors is not exhaustive. You should carefully
consider the foregoing factors and the other risks and
uncertainties described in the “Risk Factors” section of the
Quarterly Report on Form 10-Q that AEye filed with the U.S.
Securities and Exchange Commission (the “SEC”) and other documents
filed by AEye or that will be filed by AEye from time-to-time with
the SEC. These filings identify and address other important risks
and uncertainties that could cause actual events and results to
differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made.
Readers are cautioned not to put undue reliance on
forward-looking statements; AEye assumes no obligation and does not
intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise. AEye gives no assurance that AEye will achieve any of
its expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20220118005566/en/
Media Contact: AEye, Inc. Jennifer Deitsch
jennifer@aeye.ai 925-400-4366
Investors: Financial Profiles, Inc. Matthew Keating, CFA
AEye@finprofiles.com 310-622-8230
John Brownell AEye@finprofiles.com 310-622-8489
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