Valens Semiconductor Ltd. - VLN STOCK NEWS

Valens Semiconductor (NYSE: VLN) has launched a breakthrough USB3 industrial grade extender, marking its expansion into the industrial sector. This innovative product extends the range of industrial-grade USB3 cameras from 5 meters to up to 100 meters over a single Category 6a cable. Based on the VS6320 chip, it supports USB3.2 Gen1 traffic, USB2.0, control signals, and 25W of power transmission.

The extender simplifies system architecture, reduces installation costs, and features a robust, fanless design with flexible mounting options. It also offers diagnostic capabilities for continuous link quality monitoring. The product will debut at the VISION exhibition in Stuttgart, October 8-10, 2024, alongside other VS6320 and VA7000 based innovations.

Valens Semiconductor (NYSE: VLN) has announced the integration of its VA7000 and VS6320 chipsets into cutting-edge machine vision products from various companies. This marks Valens' initial penetration into a $460 million Total Addressable Market by 2029. The machine vision market is expected to reach $7.8B by 2029, driven by factory and warehouse automation growth.

The VA7000 chipset, compliant with the MIPI A-PHY standard, offers high-performance sensor connectivity, while the VS6320 provides USB 3.2 extension capabilities. These chipsets are powering products by Teledyne e2v, Airy3D, FRAMOS, D3 Embedded, and Leopard Imaging, among others.

Valens' chipsets enable advanced machine vision solutions, offering benefits such as reduced power, size, and cost of cameras, as well as extended link distances for USB-based industrial cameras. The company will showcase these solutions at the VISION event in Stuttgart, on October 8-10, 2024.

Valens Semiconductor (NYSE: VLN) has secured three automotive design wins from leading European OEMs for its VA7000 MIPI A-PHY chipsets. These OEMs plan to integrate Valens' chipsets into vehicle models with Start of Production in 2026, covering an estimated 500,000 vehicles annually. Upon commercialization, Valens projects these wins to generate over $10 million in annual revenue for 5-7 years.

The selection followed intensive testing, with Valens' A-PHY solution outperforming competitors across various parameters. These design wins, achieved in collaboration with leading Automotive Tier-1s, are expected to cement A-PHY's position as the standard for next-generation sensor connectivity in the automotive industry, potentially leading to further adoption and market share growth for Valens.

Valens Semiconductor (NYSE: VLN), a leader in high-performance connectivity, has announced its participation in three upcoming investor conferences in August 2024:

• Oppenheimer 27th Annual Technology, Internet & Communications Conference (Virtual) on August 13
• Jefferies Semiconductor, IT Hardware & Communications Technology Summit in Chicago on August 27
• Evercore ISI 2024 Semiconductor, IT Hardware & Networking Conference in Chicago on August 28

CFO Guy Nathanzon will present at the Oppenheimer conference and participate in one-on-one meetings at all events. Valens Semiconductor specializes in high-performance connectivity solutions, with its chipsets integrated into various devices from leading customers, powering audio-video installations, videoconferencing, and advancing ADAS and autonomous driving technologies.

Valens Semiconductor (NYSE: VLN) reported Q2 2024 results, exceeding revenue guidance with $13.6 million. The company acquired Acroname for $7.8 million, expanding its industrial market presence. Key highlights include:

- Audio-video revenues: $8.1 million (60% of total)
- Automotive revenues: $5.5 million (40% of total)
- GAAP gross margin: 61.4%
- GAAP Net Loss: $(8.9) million
- Strong balance sheet with $130.6 million in cash and no debt

Valens engaged with over 50 customers for its VS6320 chipset and progressed on automotive OEM evaluations. Q3 2024 revenue guidance: $14.7-$15.4 million, with gross margin expected between 52.0-53.0%.

Valens Semiconductor (NYSE: VLN) has appointed Tal Yaacobi to its Board of Directors as an independent director, effective August 8, 2024. This follows $50 million in market acquisitions of Valens shares by Value Base Fund (VBF) and its affiliates, where Yaacobi is a managing partner. The Board will now have ten directors, with eight being independent. Yaacobi brings over 20 years of experience in investment management and strategic consulting. The appointment is part of a Board Nomination Agreement between Valens and VBF, reflecting VBF's significant investment and belief in Valens' potential for value creation.

Valens Semiconductor (NYSE: VLN), a leader in high-performance connectivity, has announced that it will release its second quarter 2024 financial results on August 7, 2024, before the market opens. The company will host a conference call at 8:30 a.m. ET on the same day, led by CEO Gideon Ben Zvi and CFO Guy Nathanzon, to discuss the results and business outlook. Investors can access the call via phone or webcast through the company's website. Valens Semiconductor specializes in high-performance connectivity solutions, with its chipsets integrated into various devices from leading customers, powering audio-video installations, videoconferencing, and advancing ADAS and autonomous driving technologies.

Valens Semiconductor (NYSE: VLN) announced that its latest chipset, the VS6320 USB 3.2 extension solution, has been integrated into dozens of new products from leading Audio-Video manufacturers. These products, including USB extenders, PTZ cameras, video bars, wall plates, and docking stations, will launch at InfoComm 2024.

The VS6320 supports the HDBaseT-USB3 standard, enabling 6Gbps bidirectional USB data transfer. It ensures reliable long-reach USB 3.2 connectivity with lower cost, size, and power dissipation. This integration demonstrates the chipset's significant value and positions Valens as a leader in high-performance connectivity.

Valens Semiconductor (NYSE: VLN) and Good Way Technology have announced a new suite of products based on the Valens VS6320 chipset, compliant with the HDBaseT-USB3 standard. These products will support innovations in video conferencing and video walls, including the ability to extend four 4K streams or an 8K video wall over a single copper cable. The product suite will be demonstrated at COMPUTEX Taipei (June 4-7) and Infocomm (June 12-14). The VS6320 chipset, known for its high-performance USB 3.2 extension capabilities, is now available for mass production. The collaboration leverages Synaptics' DisplayLink technology, offering cost-effective and simplified solutions for hybrid conference rooms and video setups.