Apollo demonstrates the power of 1550 lidar
technology
AEye, Inc. (NASDAQ: LIDR), a global leader in adaptive,
high-performance lidar solutions, today announced Apollo, the first
product in AEye’s 4Sight™ Flex next-generation family of lidar
sensors. Apollo delivers best-in-class range and resolution in a
small, power-efficient, low-cost form factor, enabling both
automotive and non-automotive applications. For L2+, L3, and L4
applications, this new sensor supports options for integration
behind the windshield, on the roof, or in the grille, which enables
OEMs to implement critical safety features with minimal impact to
vehicle design. Apollo is believed to be the only 1550 nm
high-performance lidar capable of behind the windshield
integration.
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Apollo delivers best-in-class range and
resolution in a small, power-efficient, low-cost form factor,
enabling both automotive and non-automotive applications. (Graphic:
Business Wire)
AEye CEO Matt Fisch, said, “We are pleased to announce the first
product from the 4Sight Flex family a mere four months after
unveiling the initial reference design. With Apollo, we are able to
demonstrate the true advantage of our ultra-long-range lidar
delivered in an incredibly compact form factor. This achievement
underscores the scalability of our software-defined
architecture.”
Apollo supports up to 120° horizontal and 30° vertical field of
view, with long-range detection of up to 325 meters at 10%
reflectivity and up to 6.2 million points per second (PPS). Apollo
also provides horizontal and vertical resolutions within a region
of interest as high as 0.025°.
Apollo leverages proven components and supply chain partners,
resulting in minimized technical risk, maximized supply chain
readiness, and a very competitive price for performance. As part of
the 4Sight Flex family, Apollo runs on AEye’s 4Sight Intelligent
Sensing Platform. This platform delivers a highly programmable
lidar solution that can be customized easily for each application
and can be reconfigured through software, including over-the-air
updates.
Apollo samples are expected to be available for customer
demonstrations in June 2024.
About AEye
AEye’s unique software-defined lidar solution enables advanced
driver-assistance, vehicle autonomy, smart infrastructure, and
logistics 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.
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 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
the benefits, features, and advantages of AEye’s new 4Sight Flex
product, Apollo, as well as the potential cost advantages, 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 Apollo may not
now, or in the future, deliver best-in-class range or resolution as
a result of new or existing competitive products, or otherwise;
(ii) the risks that Apollo may not productize into a small,
power-efficient, or low-cost form factor to the extent anticipated;
(iii) the risks that Apollo may not enable both automotive and
non-automotive applications to the extent anticipated, or at all;
(iv) the risks that Apollo may not enable L2+, L3, or L4
applications to the extent anticipated, or at all; (v) the risks
that Apollo may not integrate behind the windshield, on the roof,
or in the grille to the extent anticipated, or at all; (vi) the
risks that Apollo may not enable OEMs to implement critical safety
features with minimal impact to vehicle design to the extent
anticipated, or at all; (vii) the risks that Apollo may not now, or
in the future, be the only 1550 nm high-performance lidar capable
of behind the windshield integration; (viii) the risks that the
Apollo product may not demonstrate ultra-long-range lidar
performance to the extent anticipated; (ix) the risks that the
Apollo product form factor may not be viewed in the marketplace as
incredibly compact as compared to products offered by competitors,
or otherwise; (x) the risks that the software-defined architecture
in the Apollo product may not demonstrate scalability to the extent
anticipated, or at all; (xi) the risks that Apollo’s capabilities
in terms of horizontal and vertical field of view, long-range
detection, points per second, and horizontal and vertical
resolutions may not be achieved to the extent anticipated, or at
all; (xii) the risks that Apollo may be unable to leverage proven
components and supply chain partners to the extent anticipated, or
at all; (xiii) the risks that the use of proven components and
supply chain partners for Apollo, if available, may not result in
minimized technical risk, maximized supply chain readiness, and a
competitive price to the extent anticipated, or at all; (xiv) the
risks that AEye’s 4Sight™ Intelligent Sensing Platform may not
enable a programmable lidar solution that can be easily customized
and reconfigured for each application to the extent anticipated, or
at all; (xv) the risks that Apollo samples may not be available for
customer demonstrations in June 2024, or ever; (xvi) the risks that
lidar adoption occurs slower than anticipated or fails to occur at
all; (xvii) the risks that AEye’s products may not meet the diverse
range of performance and functional requirements of target markets
and customers; (xviii) the risks that AEye’s products may not
function as anticipated by AEye, or by target markets and
customers; (xix) 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; (xx) 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; (xxi) 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;
(xxii) the risks that AEye is unable to adequately implement its
business plans, forecasts, and other expectations, and identify and
realize additional opportunities; and (xxiii) the risks of economic
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 current or future
global conflicts and the lingering effects of the COVID-19
pandemic, which continues to cause 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
periodic report 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240326355782/en/
Leigh Bannister AEye, Inc. lbannister@aeye.ai 925-400-4366
Evan Niu, CFA Financial Profiles, Inc. eniu@finprofiles.com
310-622-8243
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