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AEye’s Apollo Excels in Field Testing Demonstrating Unmatched Performance at 1 Kilometer

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AEye, Inc. (Nasdaq: LIDR) has announced that its Apollo lidar sensor has achieved outstanding results in recent field testing, consistently delivering high-resolution data at distances exceeding one kilometer. This breakthrough is believed to be a first in the lidar industry, demonstrating Apollo's potential to significantly enhance both automotive safety and security applications.

During testing, Apollo accurately detected vehicles and objects on a busy freeway at distances beyond one kilometer. AEye has received positive feedback from customers, Tier 1 partners, and OEMs. For automotive applications, this capability is important in allowing advanced driver assistance systems (ADAS) to detect objects from a longer distance, giving drivers more time to respond effectively, especially at high speeds.

AEye CEO Matt Fisch stated that Apollo's performance makes a strong case for 1550-nanometer technology as OEMs seek an ultra-long-range high-speed lidar solution in a small form factor. The company believes Apollo can meet all of NHTSA's safety performance requirements, including their newest forward collision warning requirement effective at speeds up to 90 miles per hour.

AEye, Inc. (Nasdaq: LIDR) ha annunciato che il suo sensore lidar Apollo ha raggiunto risultati eccezionali nei recenti test sul campo, fornendo costantemente dati ad alta risoluzione a distanze superiori a un chilometro. Si ritiene che questa innovazione sia una prima nel settore lidar, dimostrando il potenziale di Apollo di migliorare significativamente sia le applicazioni per la sicurezza automobilistica che quelle di sicurezza.

Durante i test, Apollo ha rilevato con precisione veicoli e oggetti su un'autostrada trafficata a distanze superiori a un chilometro. AEye ha ricevuto feedback positivi da clienti, partner di Tier 1 e produttori originari. Per le applicazioni automobilistiche, questa capacità è importante in quanto consente ai sistemi avanzati di assistenza alla guida (ADAS) di rilevare oggetti a una maggiore distanza, dando ai conducenti più tempo per rispondere in modo efficace, specialmente ad alta velocità.

Il CEO di AEye, Matt Fisch, ha dichiarato che le prestazioni di Apollo rendono un forte caso per la tecnologia a 1550 nanometri, mentre i produttori originali cercano una soluzione lidar ad alta velocità e ultra-lunga distanza in un formato compatto. L'azienda è convinta che Apollo possa soddisfare tutti i requisiti di prestazione in materia di sicurezza della NHTSA, compreso il loro nuovo requisito di avviso di collisione frontale efficace a velocità fino a 90 miglia orarie.

AEye, Inc. (Nasdaq: LIDR) ha anunciado que su sensor lidar Apollo ha logrado resultados sobresalientes en pruebas de campo recientes, ofreciendo consistentemente datos de alta resolución a distancias que superan un kilómetro. Se cree que este avance es un hito en la industria del lidar, demostrando el potencial de Apollo para mejorar significativamente tanto la seguridad automotriz como las aplicaciones de seguridad.

Durante las pruebas, Apollo detectó con precisión vehículos y objetos en una autopista congestionada a distancias superiores a un kilómetro. AEye ha recibido comentarios positivos de clientes, socios de Tier 1 y fabricantes de equipos originales (OEM). Para aplicaciones automotrices, esta capacidad es importante ya que permite a los sistemas avanzados de asistencia al conductor (ADAS) detectar objetos desde una mayor distancia, brindando a los conductores más tiempo para responder eficazmente, especialmente a altas velocidades.

El CEO de AEye, Matt Fisch, declaró que el rendimiento de Apollo refuerza la necesidad de la tecnología de 1550 nanómetros, ya que los OEM buscan una solución lidar de alta velocidad y ultra largo alcance en un formato compacto. La empresa cree que Apollo puede cumplir con todos los requisitos de rendimiento de seguridad de la NHTSA, incluido su nuevo requisito de advertencia de colisión frontal efectivo a velocidades de hasta 90 millas por hora.

AEye, Inc. (Nasdaq: LIDR)는 자사의 Apollo 라이다 센서가 최근 현장 테스트에서 놀라운 결과를 달성했으며, 1킬로미터 이상의 거리에서 고해상도 데이터를 일관되게 제공하고 있다고 발표했습니다. 이 혁신은 라이다 산업에서 처음으로 기록된 것으로 생각되며, Apollo의 가능성이 자동차 안전 및 보안 애플리케이션을 크게 향상시킬 수 있음을 보여줍니다.

테스트 중에 Apollo는 바쁜 고속도로에서 1킬로미터를 초과하는 거리에서 차량과 물체를 정확히 탐지했습니다. AEye는 고객, Tier 1 파트너 및 OEM으로부터 긍정적인 피드백을 받았습니다. 자동차 애플리케이션의 경우, 이 기능은 고급 운전 보조 시스템 (ADAS)이 더 먼 거리에서 물체를 탐지할 수 있도록 하여, 특히 고속에서 운전자가 효과적으로 반응할 수 있는 시간을 더 많이 제공합니다.

AEye의 CEO Matt Fisch는 Apollo의 성능이 OEM이 소형 폼 팩터로 초장거리 고속 라이다 솔루션을 찾는 데 있어 1550 나노미터 기술의 강력한 근거를 제공한다고 말했습니다. 회사는 Apollo가 최고 시속 90마일에서 작동하는 새로운 전방 충돌 경고 요구사항을 포함하여 NHTSA의 모든 안전 성능 요구사항을 충족할 수 있다고 믿고 있습니다.

AEye, Inc. (Nasdaq: LIDR) a annoncé que son capteur lidar Apollo a obtenu d'excellents résultats lors de tests sur le terrain récents, fournissant de manière constante des données haute résolution à des distances dépassant un kilomètre. Cette avancée est considérée comme un premier dans l'industrie du lidar, démontrant le potentiel d'Apollo à améliorer de manière significative à la fois les applications de sécurité automobile et de sécurité.

Lors des tests, Apollo a détecté avec précision des véhicules et des objets sur une autoroute animée à des distances supérieures à un kilomètre. AEye a reçu des retours positifs de ses clients, partenaires de niveau 1 et fabricants d'équipement d'origine (OEM). Pour les applications automobiles, cette capacité est importante car elle permet aux systèmes avancés d'assistance à la conduite (ADAS) de détecter des objets à plus grande distance, offrant ainsi aux conducteurs plus de temps pour réagir efficacement, surtout à grande vitesse.

Le PDG d'AEye, Matt Fisch, a déclaré que les performances d'Apollo renforcent le cas en faveur de la technologie à 1550 nanomètres, alors que les OEM recherchent une solution lidar à haute vitesse et à très longue portée dans un format compact. L'entreprise est convaincue qu'Apollo peut satisfaire toutes les exigences de performance de sécurité de la NHTSA, y compris leur nouvelle exigence d'avertissement de collision frontale effective à des vitesses allant jusqu'à 90 miles par heure.

AEye, Inc. (Nasdaq: LIDR) hat bekannt gegeben, dass sein Apollo-Lidar-Sensor bei aktuellen Testfeld-Tests bemerkenswerte Ergebnisse erzielt hat und konstant Hochauflösungsdaten über Entfernungen von mehr als einem Kilometer liefert. Dieser Durchbruch gilt als der erste seiner Art in der Lidar-Industrie und zeigt das Potenzial von Apollo, sowohl die Verkehrssicherheit als auch Sicherheitsanwendungen erheblich zu verbessern.

Während der Tests konnte Apollo Fahrzeuge und Objekte auf einer stark befahrenen Autobahn in Entfernungen von über einem Kilometer genau erkennen. AEye hat positives Feedback von Kunden, Tier-1-Partnern und OEMs erhalten. Für Automobilanwendungen ist diese Fähigkeit wichtig, da sie fortschrittlichen Fahrerassistenzsystemen (ADAS) ermöglicht, Objekte aus größerer Entfernung zu erkennen, wodurch den Fahrern mehr Zeit zur Verfügung steht, um insbesondere bei hohen Geschwindigkeiten effektiv zu reagieren.

Der CEO von AEye, Matt Fisch, erklärte, dass die Leistung von Apollo einen starken Fall für die 1550-Nanometer-Technologie macht, während OEMs nach einer ultra-langstrecken Hochgeschwindigkeits-Lidar-Lösung in einem kompakten Format suchen. Das Unternehmen ist überzeugt, dass Apollo alle Sicherheitsanforderungen der NHTSA erfüllen kann, einschließlich der neuesten Anforderungen an die Frontkollisionswarnung, die bei Geschwindigkeiten von bis zu 90 Meilen pro Stunde wirksam sind.

Positive
  • Apollo lidar sensor demonstrated high-resolution data collection at distances exceeding 1 kilometer
  • Potential to significantly enhance automotive safety and security applications
  • Received positive feedback from customers, Tier 1 partners, and OEMs
  • Capability to meet NHTSA's safety performance requirements, including forward collision warning at speeds up to 90 mph
  • Small form factor that doesn't compromise OEM design standards
Negative
  • None.

Insights

Apollo's ability to detect objects at distances exceeding 1 kilometer represents a significant leap in lidar technology. This extended range could revolutionize ADAS systems, potentially improving safety outcomes in high-speed scenarios. The 1550-nanometer technology's long-range capabilities, combined with a small form factor, address key OEM concerns about design integration and performance.

The sensor's high-resolution data collection at extended ranges could be a game-changer for AI-based decision-making systems in vehicles. By providing more detailed information earlier, it allows for more sophisticated object recognition and threat assessment, potentially reducing false positives and improving overall system reliability.

However, it's important to note that while impressive, field testing results don't always translate directly to real-world performance across all conditions. Investors should monitor how this technology performs in varied environments and weather conditions, as well as its cost-effectiveness compared to competing solutions.

AEye's Apollo lidar sensor's performance could position the company favorably in the competitive automotive lidar market. The ability to meet NHTSA's stringent safety requirements, particularly for forward collision warning at high speeds, may give AEye an edge in securing OEM partnerships and contracts.

However, investors should consider that AEye, with a market cap of just $9.7 million, is operating in a highly competitive space with much larger players. The company's ability to scale production, manage costs and effectively market this technology will be important for translating technical superiority into market success.

While the announcement is promising, it's important to note that the automotive industry has long development cycles. It may take several years before this technology could potentially be integrated into production vehicles, affecting the timeline for significant revenue generation. Investors should closely monitor AEye's cash position, burn rate and ability to secure long-term contracts or partnerships to sustain operations until the technology can be commercialized at scale.

PLEASANTON, Calif.--(BUSINESS WIRE)-- AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high-performance lidar solutions, announced that its Apollo lidar sensor has achieved outstanding results during recent field testing where it consistently delivered high-resolution data at distances exceeding one kilometer. This breakthrough is believed to be a first within the lidar industry and demonstrates Apollo’s potential to significantly enhance both automotive safety and security applications, making it a standout in the growing lidar market.

In the most recent phase of testing, Apollo accurately detected vehicles and other objects on a busy freeway at distances beyond one kilometer. AEye has been conducting tests with customers, Tier 1 partners, and OEMs, and received overwhelmingly positive feedback as Apollo proved its ability to gather detailed, high-quality data over long distances. For automotive applications, this capability is crucial in allowing advanced driver assistance systems (ADAS) to detect objects from a longer distance, giving drivers more time to respond more effectively, especially at high speeds.

Matt Fisch, AEye CEO said, “The fact that we can deliver this kind of performance makes a strong case for 1550-nanometer technology as OEMs and others seek an ultra-long-range high-speed lidar solution in a small form factor. We believe Apollo’s performance at over one kilometer is the longest distance achieved by any lidar sensor ever evaluated outside of a laboratory setting. We believe Apollo can meet all of NHTSA’s safety performance requirements, including their newest and toughest requirement of a forward collision warning which must be effective at speeds of up to 90 miles per hour. At the same time, Apollo’s small form factor does not require OEMs to compromise their design standards. We expect Apollo will play a critical role in the future of automotive safety.

“High-resolution data collection at long distances is essential for enhancing automotive safety and security applications. AI-based decision-making systems are significantly enhanced by long-range high-resolution data across a wide field of view allowing for quick identification and more time to react to objects and threats, which is particularly crucial for vehicle safety at highway speeds. Another benefit of Apollo is that it can significantly offload front-end complexity from AI-models which can expedite the development and deployment of embodied AI systems. We’re excited to continue leading innovation in this space while pushing the boundaries of what is possible with Apollo,” said Fisch.

About Apollo

Apollo is the first product in AEye’s 4Sight flex next-generation family of lidar sensors and delivers best-in-class range and resolution in a small, power-efficient, low-cost form factor. Apollo 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. The sensor was unveiled at the Auto Lidar Tech Conference in Suzhou, China 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 results achieved by AEye’s Apollo lidar sensor during recent field testing, the positive feedback received by AEye from potential customers regarding Apollo’s performance, and the need for high-performance sensing solutions in the autonomous driving and security segments, 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 the results achieved during recent field testing may not be reproducible in future field testing or in production units; (ii) the risks that lidar sensors from others in the industry may have already, or may be able to achieve in the future, results similar to what AEye demonstrated in recent field testing; (iii) the risks that Apollo may not significantly enhance either automotive safety or security applications to the extent anticipated, or at all; (iv) the risks that OEMs and others may not seek out an ultra-long range high-speed lidar solution in a small form factor to the extent anticipated, or at all; (v) the risks that competitors in the lidar industry may have already, or may soon, exceed Apollo’s performance, at over one kilometer, outside of a laboratory setting; (vi) the risks that Apollo may be unable to satisfy some or all of NHTSA’s safety performance requirements, including the newest and toughest requirement of a forward collision warning effective at speeds of up to 90 miles per hour; (vii) the risks that despite Apollo having a small form factor, it may require OEMs to compromise some or all of their design standards; (viii) the risks that Apollo may not play a role in the future of automotive safety to the extent anticipated, or at all; (ix) the risks that high-resolution data collection at long distances may not be essential for enhancing automotive safety or security applications to the extent anticipated, or at all; (x) the risks that AI-based decision-making systems may not be significantly enhanced by long-range high-resolution data to the extent anticipated, or at all; (xi) the risks that Apollo may not be able to significantly offload front-end complexity from AI-models to expedite the development and deployment of embodied AI systems to the extent anticipated, or at all; (xii) the risks that AEye may be unable to continue leading innovation in this space or push the boundaries of what is possible with Apollo to the extent anticipated, or at all; (xiii) the risks that AEye’s 4Sight technology may not advance the overall safety experience, whether in autonomous driving or security, to the extent anticipated, or at all; (xiv) the risks that lidar adoption may occur slower than anticipated or fail to occur at all; (xv) the risks that AEye’s products may not meet the diverse range of performance and functional requirements of target markets and customers; (xvi) the risks that AEye’s products may not function as anticipated by AEye, or by target markets and customers; (xvii) 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; (xviii) 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; (xix) 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; (xx) the risks that AEye is unable to adequately implement its business plans, forecasts, and other expectations, and identify and realize additional opportunities; and (xxi) 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 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.

Investor Relations Contacts

Agency Contact

Financial Profiles, Inc.

Evan Niu, CFA

eniu@finprofiles.com

310-622-8243

Company Contact

AEye, Inc. Investor Relations

info@aeye.ai

925-400-4366

Source: AEye, Inc.

FAQ

What is the maximum range of AEye's Apollo lidar sensor?

AEye's Apollo lidar sensor has demonstrated the ability to deliver high-resolution data at distances exceeding one kilometer (1000 meters) in recent field testing.

How does Apollo's long-range capability benefit automotive safety?

Apollo's long-range capability allows advanced driver assistance systems (ADAS) to detect objects from a greater distance, giving drivers more time to respond effectively, especially at high speeds, thus enhancing automotive safety.

What technology does AEye's Apollo lidar sensor use?

AEye's Apollo lidar sensor uses 1550-nanometer technology, which the company believes makes a strong case for OEMs seeking an ultra-long-range high-speed lidar solution in a small form factor.

Can AEye's Apollo lidar sensor meet NHTSA safety requirements?

According to AEye, the Apollo lidar sensor is believed to be capable of meeting all of NHTSA's safety performance requirements, including their newest forward collision warning requirement effective at speeds up to 90 miles per hour.

What is AEye's stock symbol?

AEye, Inc. is traded on the Nasdaq stock exchange under the ticker symbol LIDR.

AEye, Inc.

NASDAQ:LIDR

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