Arbe's Perception Radar Selected in the Hardware
Category
TEL
AVIV, Israel, Nov. 20,
2023 /PRNewswire/ -- Arbe Robotics Ltd.
(NASDAQ: ARBE), a global leader in Perception Radar Solutions,
announced today that Cars of the Future awarded the company the
Self-Driving Industry 2023 Award in the hardware category.
Cars of the Future celebrates excellence in
connected and automated mobility internationally. Arbe was selected
among other winning companies, including: Angoka, Applied EV, Beam,
Burges Salmon, CCAV, CMA, Dromos,
Fusion, Kodiak, Leddartech, Marsh, OXA, PIX, Reed Mobility,
Stagecoach, and Venson.
"We are honored to have been chosen by Cars of the Future for
this prestigious award," says Kobi
Marenko, Chief Executive Officer at Arbe. "Our perception
radar has truly reinvented radar, providing the most advanced
capabilities on the market with the goal of providing the
technological backdrop for some of the most sophisticated cars of
the future."
Arbe's Perception Radar revolutionizes automotive sensing,
providing unmatched safety to the market. Distinguished by its
ultra-high resolution and top-notch radar image quality, Arbe
redefines radar as a sensor, providing advanced perception
capabilities at a mass-market price. This groundbreaking technology
ensures trustworthy data in all environments, weather, and lighting
conditions. It is the first radar to track vulnerable road users
such as pedestrians and bicycle riders, detect object boundaries,
separate adjacent objects by elevation and azimuth while
eliminating false alarms, resolving the factors behind Advanced
Driver Assistance Systems (ADAS) related accidents. Arbe's
radar technology bridges the sensor gap with the industry's only
radar offering accurate Free Space mapping across all driving
scenarios, paving the way for genuinely safe hands-free driving
experiences.
About Arbe
Arbe (Nasdaq: ARBE), a global leader in
Perception Radar Solutions, is spearheading a radar
revolution, enabling truly safe driver-assist systems today while
paving the way to full autonomous-driving. Arbe's radar technology
is 100 times more detailed than any other radar on the market and
is a critical 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
China, Germany and the
United States.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain "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. These forward-looking statements
include, but are not limited to, statements about the Company's
expectations regarding the closing of the offering and timing
thereof, and the expected gross proceeds of the offering. These
statements, and other statements including the words "expect,"
"believe," "estimate," "intend," "plan," "anticipate," "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, including the risk and uncertainties resulting
from the October 7th attack upon
Israel, conflicts and potential
conflicts involving Israel, as
well as market acceptance of Arbe's radar processor and Arbe's
radar processor performing in the manner which Arbe anticipates,
and other risks described in "Cautionary Note Regarding
Forward-Looking Statements," "Item 5. Operating and Financial
Review and Prospects" and "Item 3. Key Information –Risk Factors"
Amendment No. 2 to Arbe's Annual Report on Form 20-F/A for the year
ended December 31, 2022, which was
filed with the Securities and Exchange Commission on May 16, 2023, as well as 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.
Information contained on, or that can be accessed through,
Arbe's website or any other website is expressly not incorporated
by reference into and is not a part of this press release.
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SOURCE Arbe