The Safer Mobility Survey, conducted by PAVE
and AEye, finds 82% of respondents feel safer with Advanced Driver
Assistance System (ADAS) features in vehicles
More than half of respondents want improvements
in pedestrian and crosswalk safety in their city or town
According to recent survey data, 83% of drivers and 78% of
pedestrians are concerned about being involved in a vehicle
collision, but respondents believe that new technologies can
significantly improve road safety. The results of the Safer
Mobility Survey, conducted by PAVE (Partners for Automated Vehicle
Education) and AEye, Inc. (NASDAQ: LIDR), a global leader in
adaptive, high-performance lidar solutions, were released today at
CES.
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The survey indicates that safer mobility needs to be a higher
priority for communities nationwide. More than 40% of survey
respondents chose improving safety on roads and highways as the
most important transportation issue - over improving commutes and
making transportation more sustainable. Annual vehicle collision
fatalities are at a 16-year high, with more than 42,000 in 2021.
Pedestrian fatalities also rose by 11.5%, to more than 7,485, last
year, and bicyclist fatalities rose 9% from 2019 to 2020. The
survey results suggest that most respondents believe road safety
technologies can be the key to improving driver, pedestrian, and
bicyclist safety.
PAVE and AEye fielded the Safer Mobility Survey in November 2022
to gauge Americans’ views on road safety for all road users,
including drivers, pedestrians, and bicyclists. The survey of 1,095
adults found that 78% believe technology is very or somewhat
important in solving driving safety issues, and 82% feel safer with
technology-driven Advanced Driver Assistance Systems (ADAS) in
vehicles. Blind spot monitoring was selected as the most important
ADAS feature among respondents, followed by forward collision and
object detection warnings. According to research by the Insurance
Institute for Highway Safety, blind spot detection has helped
reduce lane change crashes by 14%.
“We wanted a better understanding of what’s most important and
worrisome not only to drivers, but to cyclists and pedestrians,”
says Matt Bretoi, AEye’s senior director of ITS and smart cities.
“The results clearly showed that pedestrians and bicyclists have
heightened concerns about crossing streets safely and being struck
by a vehicle, and that they want their cities and towns to do more
to protect them on the road.”
Almost 58% of respondents selected improving pedestrian and
crosswalk safety as their highest priority, with nearly 50% - three
times more than any other category - identifying distracted drivers
as their number one road safety concern. Only 13% of respondents
said their city or town was doing enough to address pedestrian and
bicyclist safety.
“Road safety technologies can significantly decrease crashes and
highway fatalities, but these technologies can only help if drivers
actually use them,” said Tara Andringa, executive director of PAVE.
“The survey found that people see the safety value of new
technologies, which is good news. It’s now our job to educate
drivers about these technologies so we can realize their full
potential.”
Investments in smart infrastructure technology for
intersections, combined with ADAS or autonomous vehicle technology,
provide a solution for improved roadway safety. Lidar sensors in
vehicles and at intersections deliver high resolution 3D data and
detection that helps identify pedestrians, objects, and other
vehicles in all weather and lighting conditions. By providing high
performance detection in demanding safety applications, lidar helps
to improve traffic flow, protect vulnerable road users such as
pedestrians and bicyclists, and ensure safe vehicle navigation.
PAVE and AEye spokespeople are available at CES, from January 5
- 8, 2023, for interviews to discuss the Safer Mobility Survey
results and how technology can improve road safety for all. For the
complete survey results, analysis, and graphics, please visit:
Safer Mobility Survey.
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 PAVE
PAVE is a coalition of industry partners and nonprofit groups
with one goal: To bring the conversation about automated vehicles
(AVs) to the public so everyone can play a role in shaping our
transportation future. PAVE’s mission is purely educational—we
don’t advocate for a particular technology or specific public
policies. Our members believe that we will best achieve the
potential benefits of driverless technology if the public and
policymakers know the honest facts of what is on the roads today
and what is possible for the future.
FORWARD LOOKING STATEMENT
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 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 results of the Safer Mobility
Survey, and benefits of road safety technologies, 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 risks that the results of the Safer Mobility
Survey may not accurately represent concerns held by pedestrians,
bicyclists, and drivers, as the respondents to the survey may not
have been completely or partially truthful, the respondents
selected may not have been representative, or the questions may
have not been phrased sufficiently to garner completely accurate
responses, among others; (ii) the risks that road safety
technologies may not decrease crashes or highway fatalities, or
address road user safety to the extent anticipated, or at all;
(iii) the risks that investments in smart infrastructure technology
for intersections, Advanced Driver Assistance Systems, or
autonomous vehicle technology, may not provide a solution for
improved roadway safety to the extent anticipated, or at all; (iv)
the risks that lidar sensors in vehicles and at intersections may
not help identify pedestrians, objects, and other vehicles in all
weather and lighting conditions to the extent anticipated, or at
all; (v) the risks that lidar may not improve traffic flow, protect
vulnerable road users, or ensure safe vehicle navigation to the
extent anticipated, or at all; (vi) the risks that the 2023
Consumer Electronics Show (CES) may not be held as scheduled, or at
all; (vii) the risks that AEye may be unable to attend CES for any
reason, including related to the on-going Covid-related pandemic,
or be available to discuss the Safer Mobility Survey results and
how technology can improve road safety; (viii) the risks that PAVE
may be unable to attend CES for any reason, including related to
the on-going Covid-related pandemic, or be available to discuss the
Safer Mobility Survey results and how technology can improve road
safety; (ix) the risks that AEye’s products will not meet the
diverse range of performance and functional requirements of AEye’s
target markets and customers; (x) the risks that AEye’s products
will not function as anticipated by AEye or by AEye’s target
markets and customers; (xi) the risks that the size of the total
available market for the use of lidar will be smaller than
predicted or take longer to come to fruition than predicted; (xii)
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;
(xiii) the risks associated with 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; (xiv) the risks that AEye
may not continue to execute against its business plan to the extent
anticipated, or at all; (xv) the risks that lidar adoption occurs
slower than anticipated or fails to occur at all; (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 AEye is unable to adequately implement business
plans, forecasts, and other expectations, and identify and realize
additional opportunities; and (xviii) 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/20230105005038/en/
Media:
Jennifer Deitsch AEye, Inc. jennifer@aeye.ai 925-400-4366
Andie Davis Landis Communications Inc. AEye@landispr.com
415-766-8355
Tara Andringa PAVE Tara.Andringa@pavecampaign.org
Investors:
Clyde Montevirgen AEye, Inc. cmontevirgen@aeye.ai
925-400-4366
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