Diverse range of products, including USB extenders, PTZ
cameras, video bars, wall plates, and docking stations, will be
launched at InfoComm 2024
HOD HASHARON, Israel, June 12,
2024 /PRNewswire/ -- Today, Valens
Semiconductor (NYSE:VLN), a leader in high-performance
connectivity, announced that its latest chipset, the VS6320 USB 3.2
extension solution, has been integrated into dozens of products
from leading players in the Audio-Video market, which are set to be
launched at the industry's premier conference, InfoComm 2024. The
wide variety of product launches provides market validation for the
VS6320's groundbreaking technology, which allows for the seamless
extension of USB 3.2 peripherals over a single Category
cable.
The VS6320 is the first ASIC-based USB 3.2 high
performance extension solution on the market. It supports the
HDBaseT-USB3 standard, which allows for the extension of 6Gbps
bidirectional USB data, alongside power, controls, and frame
synchronization.
"The remarkable number of companies that have designed
VS6320-enabled products is testament to the tremendous value this
chipset brings - providing reliable long-reach USB 3.2 connectivity
while maintaining lower cost, size and power dissipation," said
Gabi Shriki, Head of Audio-Video
Business at Valens Semiconductor. "This chipset will facilitate USB
peripherals becoming ubiquitous across the Audio-Video industry,
and we're proud to be spearheading industry transformation with a
reliable extension solution for this interface."
Products released to market at InfoComm include USB
extenders, PTZ cameras, video bars, wall plates, docking stations,
room appliance controllers, and USB hub switches. These will
empower video conferencing setups with reliable, streamlined, and
affordable connectivity.
"We are launching an entire suite of products based on
Valens' VS6320, which answered the connectivity challenges of
reliable USB 3.2 extension," said Jennifer
Crotinger, C2G Product Manager at Legrand | AV. "Our
products span a range of applications, including corporate and
education, and we've already seen significant interest in these
products from our customers and partners."
"When it comes to video bars, the biggest pain point
reported by end users has been the distance limitation for the
Bring Your Own Device/Meeting use cases," said Bobby He, CEO at PolyView. "With the Valens
VS6320, we are now completely eliminating this pain point for
seamless video bar integrated extension. We are expanding our
product line to support the leading camera brands with this
technology."
"We've always been committed to delivering professional
high-quality AV/UC products in the marketplace, which is why we're
thrilled to partner with Valens Semiconductor on this USB 3.2
extension solution," said Keith
Kennedy, Managing Director at ProITAV USA. "Many of the largest vendors in the ProAV
industry, whom we count as our customers, have defined their
next-generation products to include HDBaseT-USB3 extension, and
we're thrilled to be able to put together cutting-edge designs
based on the VS6320."
About Valens
Semiconductor
Valens Semiconductor (NYSE:VLN) is a leader in
high-performance connectivity, enabling customers to transform the
digital experiences of people worldwide. Valens' chipsets are
integrated into countless devices from leading customers, powering
state-of-the-art audio-video installations, next-generation
videoconferencing, and enabling the evolution of ADAS and
autonomous driving. Pushing the boundaries of connectivity, Valens
sets the standard everywhere it operates, and its technology forms
the basis for the leading industry standards such as HDBaseT® and
MIPI A-PHY. For more information, visit
https://www.valens.com/.
Forward-Looking Statements
This press release includes "forward-looking statements"
within the meaning of the "safe harbor" provisions of the United
States Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the use of words
such as "estimate," "plan," "project," "forecast," "intend,"
"will," "expect," "anticipate," "believe," "seek," "target" or
other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding our anticipated future results, including
financial results, currency exchange rates, and contract wins, and
future economic and market conditions. These statements are based
on various assumptions, whether or not identified in this press
release, and on the current expectations of Valens Semiconductor's
("Valens") management and are not predictions of actual
performance. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as and
must not be relied on by any investor as, a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual
events and circumstances are beyond the control of Valens
Semiconductor. These forward-looking statements are subject to a
number of risks and uncertainties, including the cyclicality of the
semiconductor industry; the effect of inflation and a rising
interest rate environment on our customers and industry; the
ability of our customers to absorb inventory; the impact of the
global pandemic caused by COVID-19 on our customers' budgets and on
economic conditions generally, as well as the length, severity of
and pace of recovery following the pandemic; competition in the
semiconductor industry, and the failure to introduce new
technologies and products in a timely manner to compete
successfully against competitors; if Valens fails to adjust its
supply chain volume due to changing market conditions or fails to
estimate its customers' demand; disruptions in relationships with
any one of Valens' key customers; any difficulty selling Valens'
products if customers do not design its products into their product
offerings; Valens' dependence on winning selection processes; even
if Valens succeeds in winning selection processes for its products,
Valens may not generate timely or sufficient net sales or margins
from those wins; sustained yield problems or other delays in the
manufacturing process of products; our ability to effectively
manage, invest in, grow, and retain our sales force, research and
development capabilities, marketing team and other key personnel;
our ability to timely adjust product prices to customers following
price increase by the supply chain; our ability to adjust our
inventory level due to reduction in demand due to inventory buffers
accrued by customers; our expectations regarding the outcome of any
future litigation in which we are named as a party; our ability to
adequately protect and defend our intellectual property and other
proprietary rights; the market price and trading volume of the
Valens ordinary shares may be volatile and could decline
significantly; political, economic, governmental and tax
consequences associated with our incorporation and location in
Israel; and those factors
discussed in Valens' Form 20-F filed with the SEC on February 28, 2024 under the heading "Risk
Factors," and other documents of Valens filed, or to be filed, with
the SEC. If any of these risks materialize or our assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. There may be
additional risks that Valens does not presently know or that Valens
currently believes are immaterial that could also cause actual
results to differ from those contained in the forward-looking
statements. In addition, forward-looking statements reflect Valens'
expectations, plans or forecasts of future events and views as of
the date of this press release. Valens anticipates that subsequent
events and developments may cause Valens' assessments to change.
However, while Valens may elect to update these forward-looking
statements at some point in the future, Valens specifically
disclaims any obligation to do so. These forward-looking statements
should not be relied upon as representing Valens' assessment as of
any date subsequent to the date of this press release. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
Press Contacts
Yoni Dayan
Head of
Communications
Valens Semiconductor
Ltd.
yoni.dayan@valens.com
Pat
Burek
Senior Vice
President
Financial Profiles,
Inc.
pburek@finprofiles.com
Investor Contacts
Michal Ben Ari
Investor
Relations Manager
Valens
Semiconductor
michal.benari@valens.com
Lisa Fortuna
Senior Vice President
Financial Profiles,
Inc.
lfortuna@finprofiles.com
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