TEL AVIV,
Israel and HOUSTON, Aug. 9,
2021 /PRNewswire/ -- Arbe Robotics Ltd. ("Arbe"), a global
leader in next-generation 4D Imaging Radar Solutions, announced
today that Chief Executive Officer Kobi
Marenko will present at the 2021 J.P. Morgan Automotive
Conference on August 11, 2021 at
8:55 AM EST.
The public audio link of the presentation will be available
here. To schedule a meeting with Arbe, please contact Arbe's
investor team at investors@arberobotics.com.
About Arbe Robotics, Ltd.
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. 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'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. Arbe is a leader in the
fast-growing automotive radar market that has an estimated total
addressable market of $11 billion in
2025. Arbe is based in Tel Aviv,
Israel, and has an office in the
United States.
Arbe is party to a business combination agreement, dated as of
March 18, 2021, pursuant to which a
wholly-owned subsidiary of Arbe will merge with and into Industrial
Tech Acquisitions, Inc. ("ITAC") (NASDAQ: ITAC), with ITAC
surviving as a wholly-owned subsidiary of Arbe, and the holders of
ITAC's common stock and warrants becoming holders of Arbe ordinary
shares and warrants, all as set forth in the business combination
agreement. The business combination is subject to customary closing
conditions, including the approval of ITAC's and Arbe's
shareholders and the listing of Arbe's ordinary shares on The
Nasdaq Stock Market as disclosed in Arbe's and ITAC's filings with
the Securities and Exchange Commission.
About Industrial Tech Acquisitions, Inc.
ITAC is a blank check company formed for the purpose of entering
into a merger, share exchange, asset acquisition, stock purchase,
recapitalization, reorganization or other similar business
combination with one or more businesses or entities. ITAC is
sponsored by Texas Ventures, a leading technology and venture
capital firm with expertise in capital markets and structured
finance. The firm provides guidance, insight and capital to assist
entrepreneurs and managers who have the desire and talent to build
exceptional companies. The Texas Ventures approach is to identify
emerging trends and opportunities prior to recognition by the
broader marketplace, and to take a proactive approach in working
with entrepreneurs and managers who have the determination to build
world-class companies.
Important Notice 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.
These forward-looking statements together with any statements
made by Arbe at the 2021 J.P. Morgan Automotive Conference referred
to in this press release are not guarantees of future performance
and are subject to various risks and uncertainties, assumptions
(including assumptions about general economic, market, industry,
regulatory and operational factors), known or unknown, which could
and are likely to cause the actual results to vary materially from
those indicated or anticipated. You should carefully consider the
risk factors and uncertainties described in "Risk Factors," "Arbe's
Management's Discussion and Analysis of Financial Condition and
Results of Operations," "ITAC's Management's Discussion and
Analysis of Financial Condition and Results of Operations,"
"Forward-Looking Statements" and the additional risk described in
Amendment No. 1 to the Form F-4 filed by Arbe on July 30, 2021 and the other documents filed by
Arbe and ITAC with the SEC, including the possibility that the
business combination may not be consummated. Further, since the
registration statement on Form F-4 has not been declared effective
by the SEC, the final proxy statement/prospectus forming a part of
the Form F-4 may contain additional risks, which may be
material. The foregoing list of factors is not exhaustive.
Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may, and are likely to, vary materially from those
indicated or anticipated by such forward-looking statements.
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 neither Arbe nor ITAC undertakes 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