On December 6, 2022 AEye, Inc. (NASDAQ: LIDR), Owl Autonomous
Imaging (Owl AI), and GPR presented the latest solutions in
automotive sensing and transportation technologies at a briefing
for Japanese automotive industry executives hosted by Ambassador
Rahm Emanuel at the United States Embassy in Tokyo.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20221207005278/en/
Ambassador Rahm Emanuel shares opening
remarks at a reception with technology leaders from AEye, Owl AI,
and GPR. (Photo Credit: The U.S. Embassy)
The event highlighted the cutting-edge technology developed by
these companies and the robust and strategic automotive trade
relationship between the United States and Japan. The U.S. and
Japan boast one of the largest trade relationships in the world,
with bilateral investment and trade totaling $1.6 trillion
annually.
AEye, Owl AI, and GPR, trailblazers in the automotive mobility
sensing technology industry, each create essential components of a
sensor fusion system that includes lidar, cameras, and radar. These
technologies provide the most robust and safe solution for
autonomous mobility and transportation.
AEye CEO Blair LaCorte introduced adaptive lidar and explained
how AEye’s 4Sight™ Intelligent Sensing Platform facilitates the
release of new, industry-advancing features across the scale of
autonomy - from vehicle autonomy, to ADAS and industrial
applications. Featuring a modular system design and software
programmability, 4Sight provides a single, software-definable, and
future-proof platform to leverage across a diverse range of
automotive and industrial applications. AEye partners with leading
Tier 1s—such as Continental and Aisin—and system integrators—to
configure and manufacture its sensors to meet the performance and
functional requirements of diverse markets.
“In 2017, the first demonstration of the 4Sight platform outside
of California was in Japan. Then, we initiated relationships with
technology partners and customers that continue to thrive today,”
said Blair LaCorte, CEO of AEye. “We look forward to building new
relationships and expanding current partnerships with OEMs and
technology companies in Japan that drive innovation and strive to
advance a future of autonomous driving and smart
infrastructure.”
Owl AI’s technology was presented by Chuck Gershman, CEO and
founder. He shared Owl AI’s ability to bring 3D thermal ranging
technology onto roadways across the globe. The foundation of the
company’s autonomous imaging technology is an adaptation of a
thermal ranging solution developed under a challenge grant from the
U.S. Air Force. The solution for Advanced Driver Assistance Systems
(ADAS) and Autonomous Vehicles (AV) requires redundancy and
diversity, maximized across a 3D image map. Owl AI has developed a
patented 3D Thermal Ranging Camera™, the world’s only solid-state
camera delivering HD thermal video with high precision ranging for
safe autonomous vehicle operation.
“The U.S.-based Insurance Institute for Highway Safety has
proven that most vehicles, when tested in chaotic nighttime tests,
fail to stop before impact,” said Chuck Gershman, CEO and founder
of Owl AI. “At Owl AI, we have focused on a system solution using a
combination of our thermal ranging camera and computer vision
software to solve this problem.”
GPR’s presentation was given by Tarik Bolat, CEO and co-founder.
GPR enables safe autonomous driving in a range of challenging
conditions, including snow, rain, fog, or when lane markings are
poor, by mapping and tracking to the road’s subsurface with Ground
Positioning Radar™. Unlike the visual environment on the road, the
subsurface is stable. The result is a product that pinpoints
vehicles with centimeter-level accuracy in any condition. GPR is
working with some of the largest OEMs in the world to make
automated driving safer and more broadly used.
“Japanese automakers and suppliers have been at the forefront of
safety and reliability for a long time, and we’re excited that
Ground Positioning Radar™ will be a part of that by delivering a
positioning system that works in even the toughest on- and off-road
conditions,” said Tarik Bolat, CEO and co-founder of GPR.
About AEye
AEye’s unique software-defined lidar solution enables advanced
driver-assistance, vehicle autonomy, smart infrastructure,
logistics and off-highway applications that save lives and propel
the future of transportation and mobility. AEye’s 4Sight™
Intelligent Sensing Platform, with its adaptive sensor-based
operating system, focuses on what matters most: delivering faster,
more accurate, and reliable information. AEye’s 4Sight™ products,
built on this platform, are ideal for dynamic applications which
require precise measurement imaging to ensure safety and
performance. AEye has a global presence through its offices in
Germany, Japan, Korea, and the United States.
About Owl Autonomous Imaging
Owl Autonomous Imaging delivers Monocular 3D thermal ranging
computer vision solutions that dramatically enhance safety day or
night and in adverse weather conditions, to automotive and
industrial mobility markets. Thermal Ranger™ is Owl’s passive 3D
sensor modality that uses AI deep learning and custom thermal
sensors to extract dense range maps. Owl AI’s system approach
identifies living objects in all conditions from dense urban
environments to completely dark country roads where it is paramount
to identify, classify, and determine the range to an object. This
allows vehicles to safely navigate and stop to avoid catastrophic
damage or injury. Our #1 mission is to save lives.
About GPR
GPR is pioneering the safest and highest performing assisted
driving and autonomous capabilities through its Ground Positioning
Radar™. As the world’s most accurate and reliable vehicle
positioning system, GPR allows vehicles to determine their precise
location with centimeter-level accuracy, no matter how challenging
road conditions become. Whether it’s on-road in challenging
conditions like unmarked roads, poor weather, or urban canyons,
off-road, or even underground, vehicles that incorporate Ground
Positioning Radar™ are able to deliver a more robust, higher
quality assisted and autonomous driving experience that other
sensors can’t. GPR is working closely with OEMs and Tier 1 partners
to help vehicles safely navigate where current ADAS sensors,
including lidar and camera-based systems, fall short. For more
information, visit www.GPR.com.
FORWARD LOOKING STATEMENT
Certain statements included in this press release regarding
AEye, an entity separate and distinct from OWL Autonomous Imaging
and GPR, that are not historical facts are forward-looking
statements within the meaning of the federal securities laws,
including the safe harbor provisions under the United States
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 lidar platform in
general, the role AEye’s lidar and complementary technologies may
play in the future of autonomous mobility and transportation, the
continuing relationship between AEye and Japanese manufacturers,
the development relationship between AEye and Continental, among
other statements. 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 risks that the
automotive mobility sensing technologies presented are not
considered the latest or cutting-edge, or may be surpassed by other
technologies or products sooner than anticipated; (ii) the risks
that the robust and strategic automotive trade relationship between
the United States and Japan may not continue as anticipated; (iii)
the risks that a sensor fusion system that includes lidar, cameras,
and radar may not provide a robust and safe solution for autonomous
mobility and transportation to the extent anticipated; (iv) the
risks that AEye’s 4Sight Intelligent Sensing Platform may not
anticipate all issues such that it can be deemed sufficiently
future-proof to the extent anticipated, or as compared to existing
or future competitive products; (v) the risks that AEye’s 4Sight
Intelligent Sensing Platform may not provide a single solution for
a diverse range of features as anticipated; (vi) the risks that the
4Sight Intelligent Sensing Platform may not facilitate the release
of new industry-advancing applications as anticipated, or at all;
(vii) the risks that AEye’s Tier 1 automotive partners may not be
able to configure and manufacture sensors to meet the performance
and functional requirements of diverse markets to the extent
anticipated; (viii) the risks that AEye may not be able to build
new relationships or expand current partnerships with OEMs and
technology companies in Japan as anticipated, or at all; (ix) the
risks that AEye’s products will not function as anticipated by AEye
or by AEye’s target markets and customers; (x) the risk that laws
and regulations are adopted impacting the use of lidar that AEye is
unable to comply with, in whole or in part; (xi) 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; (xii) the risks
that AEye may not continue to execute against its business plan to
the extent anticipated, or at all; (xiii) the risks that lidar
adoption occurs slower than anticipated or fails to occur at all;
(xiv) 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; (xv) the risks that AEye is unable to adequately
implement business plans, forecasts, and other expectations, and
identify and realize additional opportunities; and (xvi) 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 and Omicron variants, as well as future
variants and subvariants, 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 has most recently filed
with the U.S. Securities and Exchange Commission, or the SEC, and
other documents filed by us or that will be filed by us 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221207005278/en/
For AEye: Media: Jennifer Deitsch AEye, Inc.
jennifer@aeye.ai 925-400-4366
Investors: Clyde Montevirgen AEye, Inc.
cmontevirgen@aeye.ai 925-400-4366
For Owl AI: Wade Appelman Owl AI, Inc. wadea@owlai.us
+1-781-439-7480
For GPR: Mario Flores GPR, Inc. mario@gpr.com
+1-617-963-0135
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