Welcome to our dedicated page for AEye news (Ticker: LIDR), a resource for investors and traders seeking the latest updates and insights on AEye stock.
AEye, Inc. (symbol: LIDR) is a leading Silicon Valley-based company specializing in the development of advanced vision hardware, software, and algorithms designed to act as the eyes and visual cortex for autonomous vehicles. Since the debut of its solid-state lidar scanner in 2013, AEye has been a trailblazer in intelligent sensing technologies. Backed by world-renowned investors, AEye is committed to innovation in the realm of autonomous driving and advanced driver-assistance systems (ADAS).
AEye's flagship offering, the 4Sight Intelligent Sensing Platform, integrates solid-state active lidar, an optionally fused low-light HD camera, and artificial intelligence to deliver superior perception capabilities. This platform is engineered to capture more intelligent information with less data, enabling faster, more accurate, and more reliable interpretation of the environment. The versatility of the 4Sight platform makes it suitable for a variety of applications, including vehicle autonomy and robotic vision.
The company generates the majority of its revenue from customers in the United States, with significant contributions from Europe and the Asia-Pacific region. AEye continues to pioneer breakthroughs in intelligent sensing, consistently enhancing their products to meet the growing demands of the autonomous vehicle market.
Recent achievements include strategic partnerships with industry leaders and ongoing projects aimed at refining the capabilities of their sensing technologies. These efforts underscore AEye's commitment to advancing the future of autonomous and semi-autonomous driving.
AEye has appointed Dr. T.R. Ramachandran as chief product officer to lead product strategy and management globally across various industries. With over 23 years of experience, including roles at Cepton and Velodyne, Ramachandran will help drive growth in AEye's adaptive LiDAR technology. The company is expanding rapidly, having recently opened offices in Japan and Korea, and is set to meet increasing demand for its leading-edge autonomous vehicle solutions. AEye aims for its products to cater to autonomous driving levels SAE L2-L5, ensuring optimal performance and cost efficiency.
AEye, Inc. (NASDAQ: LIDR) announces a collaboration with Intetra to demonstrate advanced tolling automation capabilities using AEye's 4Sight™ M LiDAR at the ITS World Congress in Hamburg, Germany from October 13-15. The LiDAR technology provides precise detection in varying environmental conditions, enhancing the efficiency of electronic toll collections. AEye's LiDAR is uniquely capable of adapting its scanning patterns in real-time, improving accuracy and safety. AEye's products have received independent verification from VSI Labs for performance metrics.
AEye, Inc. (NASDAQ: LIDR) has announced a partnership with Seoul Robotics to integrate its advanced 4Sight M LiDAR sensor with Seoul Robotics' SENSR 3D perception software. This collaboration aims to enhance Intelligent Traffic Systems (ITS) capabilities, enabling long-range object detection and classification beyond 300 meters. The technology will support various ITS applications such as traffic management and automated tolling, with proven performance in challenging weather conditions. The ITS market is projected to grow significantly, potentially benefiting AEye through this innovative solution.
AEye, Inc. (NASDAQ: LIDR) will release its third quarter 2021 financial results on November 11, 2021, after market close. A live webcast discussing the results and the company's progress will take place at 3:00 p.m. PT (6:00 p.m. ET). The webcast can be accessed through the company’s website. A recording and supplemental financial information will also be available afterward. AEye specializes in adaptive LiDAR solutions for vehicle autonomy and advanced systems, leveraging innovative technologies for enhanced perception.
AEye, Inc. (NASDAQ: LIDR) has filed over 100 patents in multiple countries, focusing on its adaptive LiDAR system, iDAR™. The patents cover intelligent data collection and optical communication networking. Key groups include Intelligent Modular Architecture, Open System, Enhanced Data Quality, and Optical Data Networking. The innovative iDAR™ platform enhances performance across various markets, including automotive and robotics. AEye aims to maintain technological leadership through its expanding patent portfolio and partnerships with industry leaders, facilitating its growth in global markets.
AEye, Inc. (NASDAQ: LIDR) has announced the opening of its new office in Korea, aimed at expanding its operations in the automotive, mobility, and industrial markets in East Asia. Sung-Ho Kim, a seasoned executive with over 33 years of experience, has been appointed as the country manager. Kim previously led Valeo Korea, overseeing $2 billion in revenue and significant manufacturing and R&D facilities. The move aligns with AEye's strategy to harness the growing demand for its adaptive LiDAR technology in a major market for automotive innovation.
AEye, Inc. (NASDAQ: LIDR) has announced the election of new directors to its board, including Carol DiBattiste as chair. The board gains experience in governance, legal, and financial management, particularly in automotive and defense sectors. This follows the expansion of AEye’s team and global sales, including a new office in Japan. The company's adaptive LiDAR technology positions it for growth, aiming to enhance vehicle autonomy and safety.
AEye, Inc. (NASDAQ: LIDR) announces the appointment of Jay Hohauser as Vice President of ADAS in North America. With over 25 years in the automotive sector, Hohauser previously led U.S. sales at Valeo, generating $1 billion in annual revenue. His role includes driving the adoption of AEye’s adaptive LiDAR technology among OEMs and Tier 1 partners. AEye's unique modular LiDAR system aims for higher levels of autonomous functionality and has doubled in size this year, expanding executive leadership and opening a new office in Japan.
AEye, Inc. (NASDAQ: LIDR) announced its participation in three upcoming virtual investor conferences. The Cowen 14th Annual Global Transportation & Sustainable Mobility Conference takes place on September 8, 2021, at 2:40 PM ET. The Evercore ISI Autotech & AI Forum is scheduled for September 21, 2021, at 10:15 AM ET. Lastly, the BofA Future Car Conference 2021 will occur on September 30, 2021, at 10:00 AM ET. Webcasts for the Cowen and Evercore conferences will be accessible on AEye's Investor Relations website.
FAQ
What is the current stock price of AEye (LIDR)?
What is the market cap of AEye (LIDR)?
What does AEye, Inc. specialize in?
What is the 4Sight Intelligent Sensing Platform?
Where is AEye, Inc. based?
Which markets contribute to AEye's revenue?
When was AEye's solid-state lidar scanner demonstrated?
What types of applications use AEye's technology?
Who backs AEye, Inc.?
What are AEye's recent achievements?
What is unique about AEye's sensing platform?
Why is AEye considered a pioneer in intelligent sensing?
