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Arbe Robotics Ltd. (NASDAQ: ARBE) is at the forefront of revolutionizing automotive safety through advanced radar technology. As a global leader in Perception Radar Solutions, Arbe develops high-resolution radar systems that enable cars to perceive their environment accurately in all weather and lighting conditions. The company's proprietary 4D Imaging Radar solutions are crucial for modern driver-assist systems and pave the way for fully autonomous driving.
Arbe's cutting-edge radar technology is built upon its proprietary chipsets, which include a combination of transmitter, receiver, and processor chips. These components deliver unparalleled performance while maintaining low costs, minimal size, and efficient power consumption. The company has successfully introduced the production version of its Radar Processor, which is the most powerful in the market, handling data rates up to 28.8 Gbps and processing up to 3Tbps. This processor offers real-time processing capabilities, enhancing the safety and reliability of ADAS systems.
The company operates in key markets including the USA, China, Germany, and Israel. Recently, Arbe has announced several significant milestones, such as the mass production of its radar technology with Tier-1 supplier HiRain Technologies in China and the establishment of a new office in Shanghai to better serve the local market.
Despite challenges, such as geopolitical tensions and market fluctuations, Arbe continues to advance its technology and expand its market presence. The company has maintained a strong financial position, with significant cash reserves and no debt, and has attracted substantial investor interest, as evidenced by the oversubscription of its recent convertible debt offering.
Arbe is not just limited to the automotive sector; its radar solutions are also being adopted for non-automotive applications, broadening its market reach. The company's technology is designed to meet stringent safety standards, making it an integral part of future autonomous and driver-assist systems.
For those interested in joining a pioneering team, Arbe is actively hiring. Visit Arbe Careers to explore open positions.
Arbe Robotics (Nasdaq: ARBE) (TASE: ARBE), a leader in Perception Radar Solutions, has announced its participation in the 13th Annual ROTH Technology Conference in New York City. CEO Kobi Marenko will conduct one-on-one meetings with investors on November 20, 2024. Interested investors can schedule meetings through ROTH MKM salespeople or by contacting investors@arberobotics.com directly.
Arbe Robotics (Nasdaq: ARBE) has scheduled its Q3 2024 financial results announcement and conference call for November 27, 2024, at 8:30 a.m. Eastern Time. The company will release its financial results before market opening. The conference call will feature CEO Kobi Marenko and CFO Karine Pinto-Flomenboim. Participants can access the call through various toll-free numbers in the US and Israel, or internationally. A replay will be available until December 11, 2024. Pre-registration is available for immediate call access, and a live webcast will be accessible through Arbe's Investor Relations website.
Arbe Robotics announced the closing of a public offering raising $15 million through the sale of 8,250,000 ordinary shares at $1.82 per share, including Tranche A and B Warrants. The offering includes potential additional proceeds of $34.4 million if warrants are fully exercised. Tranche A Warrants have a $2.35 exercise price expiring in 2029, while Tranche B Warrants at $1.82 expire in 2027 or upon specific milestone achievements. The deal was led by institutional investors, including AWM Investment Company. Proceeds will be used for working capital and general corporate purposes.
Arbe Robotics (NASDAQ: ARBE) announced pricing of a $49 million public offering, comprising $15 million upfront through 8,250,000 ordinary shares at $1.82 per share, with potential additional proceeds of $34.4 million through warrant exercises. The offering includes Tranche A Warrants with $2.35 exercise price expiring November 2029, and Tranche B Warrants at $1.82 exercise price tied to specific milestones. Canaccord Genuity is the sole bookrunner, with Roth Capital Partners as co-manager. The offering is expected to close around November 4, 2024, with proceeds intended for working capital and general corporate purposes.
Arbe Robotics (NASDAQ, TASE: ARBE), a leader in Perception Radar Solutions, has announced a proposed public offering of ordinary shares with accompanying Tranche A and B Warrants to purchase ordinary shares. The company may also offer pre-funded warrants in lieu of ordinary shares. Canaccord Genuity will serve as the sole bookrunner for the offering. The net proceeds will be used for working capital and general corporate purposes. The offering is subject to market conditions, with no guarantee of completion or final terms.
Arbe Robotics (NASDAQ: ARBE) announced that its Tier 1 partner, HiRain Technologies, is developing an ADAS system for a Chinese automaker using Arbe's chipset. The system will integrate camera and radar fusion, replacing LiDAR while maintaining the same quality and functionality. The ADAS system is expected to enter serial production by Q4 2025, pending OEM approval.
HiRain Technologies is utilizing data collected from a vehicle fleet equipped with LRR610 Imaging Radars, developed using Arbe's chipset. The radars leverage ultra-high resolution capabilities, optimizing sensor fusion and perception. Arbe's chipset includes a 48x48 channel array, powering HiRain's LRR610 with high resolution in azimuth and elevation, delivering a dense point cloud for detailed imaging.
Arbe Robotics (NASDAQ: ARBE) announced that its tier-1 partner, Sensrad, has signed a framework agreement with Tianyi Transportation Technology to provide 4D Imaging Radars powered by Arbe's chipset. The deal, valued at an estimated 7 million euros, follows a year-long evaluation process, with deliveries expected to begin in Q3 2024.
This marks Sensrad's first commercial contract, representing a significant milestone for the company. The 4D Imaging Radar utilizes Arbe's advanced chipset technology and Gapwaves' proprietary waveguide antenna technology. Sensrad has reported multiple customer engagements for this product in 2024, indicating growing market interest in Arbe's radar solutions.
Arbe Robotics (Nasdaq: ARBE) announced Q2 2024 financial results, highlighting key achievements and future outlook. The company's chipset was selected by a top ten OEM for next-generation imaging radar development, and Arbe is collaborating with a prominent European truck manufacturer. Q2 2024 revenues were $0.4 million, up from $0.3 million in Q2 2023. Operating loss decreased to $11.6 million from $12.6 million in Q2 2023. Arbe issued convertible debentures totaling approximately $30 million to bolster cash reserves. The company maintains its goal of achieving 4 design-ins with automakers and expects 2024 annual revenues to be in line with 2023, followed by growth in 2025. Adjusted EBITDA for 2024 is projected to be between ($30) million to ($36) million.
Arbe Robotics (Nasdaq,TASE: ARBE), a global leader in Perception Radar Solutions, has announced its participation in two major investor conferences in August 2024. The company will be present at:
1. J.P. Morgan 2024 Auto Conference in New York City on August 7, featuring an in-person fireside chat at 12:50 pm ET and meetings.
2. Jefferies Semiconductor, IT Hardware & Communications Technology Conference in Chicago on August 27, with in-person meetings scheduled.
The J.P. Morgan fireside chat will be available on Arbe's investor relations website post-conference. Investors can schedule meetings with Arbe's management through JP Morgan or Jefferies representatives or by emailing investors@arberobotics.com.
Arbe Robotics (NASDAQ: ARBE) (TASE: ARBE), a global leader in Perception Radar Solutions, has announced its Q2 2024 financial results conference call scheduled for August 6, 2024, at 8:30 a.m. Eastern Time. The company will release its financial results before the market opens on the same day. Kobi Marenko, Co-Founder and CEO, and Karine Pinto-Flomenboim, CFO, will be speaking at the event.
Interested parties can access the live call via telephone or webcast. A replay of the conference call will be available until August 20, 2024. Participants are encouraged to pre-register for the call using the provided link, which offers immediate access upon registration.
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