- Unveiled a concept of the Official FIA F1® Safety Car equipped
with Luminar technology as an extension of existing work with
Mercedes-Benz for their production vehicle lineup
- Debuted Luminar’s Automatic Emergency Steering (AES) Software
with Iris+ LiDAR integration, running on the same automotive-grade
NVIDIA DRIVE Orin processors used for production vehicles
- Debuted Luminar 3D Maps and Automated Valet features; showcased
live demonstrations in new integrated reference vehicle
- Designed and manufactured 6 new purpose-built chips across
receiver, laser, processor, for current and future generations of
our LiDAR in-house with Luminar Semiconductor, Inc.
- Met milestone for hardware and software readiness for global
start of production this year at scale, beginning with Volvo Cars’
EX90
- Expanded automotive partnerships and scale; on both combustion
engine vehicles and EV’s
Today Luminar (Nasdaq: LAZR), a leading global automotive
technology company, announced an expansion of their Mercedes-Benz
partnership, the debut of LiDAR-enabled Automatic Emergency
Steering (AES) and Automated Valet software, and expanded
automotive partnerships. The company also shared its key year-end
industrialization milestone, Luminar Semiconductor achievements,
and the significance of its partnerships with other technology
providers like NVIDIA and Mobileye to deliver advanced safety and
autonomy on multiple production vehicles for the world’s leading
automakers.
This press release features multimedia. View
the full release here:
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Luminar and the Mercedes-AMG PETRONAS F1
Team will work together to integrate Luminar’s technology into the
roofline of the Mercedes-AMG GT Black Series. (Photo: Business
Wire)
“Mercedes-Benz has expanded our partnership to Formula 1, where
they are integrating our same leading technology designed to keep
drivers safe in their next generation vehicle lineup into their
official world-renowned Safety Car,” said Austin Russell, Founder
and CEO of Luminar. “Luminar is abundant throughout CES this year,
from automakers, to technology partners, to suppliers, to the
track, where we’re showcasing the latest LiDAR and AI powered
safety and autonomous features. It’s a glimpse into the future and
a testament to our technology and business, and we look forward to
it being standard for all drivers, starting with the arrival of the
Volvo Cars EX90 this year.”
Mercedes-Benz Expands Partnership
Luminar and the Mercedes-AMG PETRONAS F1 Team announced a new
strategic collaboration at CES 2024 that will leverage Luminar’s
existing development work with Mercedes-Benz to integrate Luminar’s
LiDAR technology into the Official FIA F1® Safety Car. The ability
to detect still and moving objects at high speeds and under wide
ranging conditions make Luminar’s LiDAR an excellent match for the
Official FIA F1® Safety Car. Luminar and the Mercedes-AMG PETRONAS
F1 Team will work together to integrate Luminar’s technology into
the roofline of the Mercedes-AMG GT Black Series.
New Software and Iris+ Live
Luminar debuted Automatic Emergency Steering (AES) as well as
its new Automated Valet software derived from its 3D maps, all
powered by the new Iris+ LiDAR at CES 2024, with live on-track
crash avoidance vehicle demonstrations. Participants will
experience how Luminar’s Iris+ LiDAR-powered Proactive Safety™
provides high-confidence and ultra precise detection, faster and
farther than today’s most advanced camera and radar powered ADAS
systems, and how new AES capabilities can help avoid collisions and
save lives in critical situations drivers can encounter, even those
where avoidance by braking is impossible. Luminar has also
developed a fully Automated Valet feature based on its LiDAR data
and 3D maps collected in real time, so consumers can leave it to
Luminar to park.
Innovation at the Chip Level
Luminar has produced six new purpose-built chips for current and
future generations of Luminar LiDAR since the formation of Luminar
Semiconductor in Q2 2023. By combining Luminar’s chip design
subsidiaries Optogration, Freedom Photonics, and Black Forest
Engineering into a unified and scalable business, it enables rapid
innovations and collective breakthrough developments with custom
materials while meeting stringent automotive standards.
2024 Volvo EX90 start of production
Luminar has met its year-end industrialization milestone for
readiness for global start of production with Volvo with hardware
and software, beginning with the EX90 this year. In Q3 2023, the
Luminar successfully passed its first major Run at Rate production
test for Volvo Cars at its highly automated, high volume
manufacturing facility in Monterrey, Mexico. As a key requirement
for automakers in advance of start of production (SOP) and as the
precursor to the launch of the Volvo EX90 featuring Luminar as
standard on every vehicle, the Run at Rate serves as a rigorous
evaluation to assess the company’s ability to manufacture its LiDAR
sensors at scale.
Commercial Growth
Luminar is achieving rapid commercial growth across hardware,
software/AI, and semiconductors. Its technology is designed into
over 20 vehicle models from its automotive partners around the
world, which includes both combustion engine vehicles and EV’s.
As more automakers compete to deliver safer, smarter cars,
technology providers are also playing an increasingly important
role in helping automakers develop advanced safety systems and
unlock automated driving functionality. Luminar and NVIDIA are
working together to help leading automakers deliver enhanced safety
and automated driving on Volvo EX90, Polestar 3, autonomous trucks
from Kodiak Robotics and Plus; and across certain Mercedes-Benz
production vehicle lines, and as NVIDIA’s long-range LiDAR partner
on its Hyperion software platform. Luminar and Mobileye’s
collaboration has also recently culminated in its first production
implementation with the Polestar 4 as part of a new vehicle
platform.
New commercial wins also cover both long-haul trucking and
middle-mile logistics for some of the biggest retailers in the
world. Kodiak Robotics announced they have now selected Luminar as
the exclusive long-range LiDAR provider for their next generation
autonomous truck platform. Luminar also announced that it entered a
multi-year production agreement with Gatik to standardize our
technology on their fleets of middle-mile delivery trucks serving
customers.
Luminar’s CES exhibit will feature a vision of the Official FIA
F1® Safety car, the Mercedes-AMG GT Black Series, and the Polestar
3 at the Las Vegas Convention Center West Hall, # 5917, as well as
Kodiak Robotics’ Gen 6 autonomous truck and Plus’ autonomous truck
outdoors in the West Lot. Gatik will feature one of their trucks
equipped with Luminar LiDAR in the Goodyear booth located in the
West Hall, #4917. Mercedes-Benz will also feature a Concept CLA
Class show car equipped with Luminar’s LiDAR in the West Hall,
#4941.
About Luminar:
Luminar is a global automotive technology company ushering in a
new era of vehicle safety and autonomy. For the past decade,
Luminar has built an advanced hardware and software/AI platform to
enable its more than 50 industry partners, including the majority
of global automotive OEMs. From consumer vehicle programs with
Volvo Cars and Mercedes-Benz to technology partnerships including
NVIDIA and Mobileye, Luminar is poised to be the first automotive
technology company to enable next-generation safety and autonomous
capabilities for global production vehicles. For more information
please visit www.luminartech.com.
Forward-Looking Statements
Certain statements included in this press release that are not
historical facts are forward-looking statements for purposes of the
safe harbor provisions under the Private Securities Litigation
Reform Act of 1995. Forward-looking statements generally are
accompanied by words such as “aims”, “believe,” “may,” “will,”
“estimate,” “set,” “continue,” “towards,” “anticipate,” “intend,”
“expect,” “should,” “would,” “forward,” and 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 the safety
performance of software and the readiness of hardware and software
for future vehicle production. These statements are based on
various assumptions, whether or not identified, and on the current
expectations of Luminar’s management and are not predictions of
actual performance. Forward-looking statements are subject to risk
and uncertainty that could cause actual results to differ
materially. For further information, review “Risk Factors” in the
latest Annual Report on Form 10-K filed by Luminar and other
documents filed periodically with the SEC. You are cautioned not to
place undue reliance upon any forward-looking statements, which
speak only as of the date made and Luminar undertakes no obligation
to update any forward looking statement to reflect events or
circumstances after the date of this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240109007883/en/
Media Relations: Milin Mehta Press@luminartech.com
Investor Relations: Aileen Smith Investors@luminartech.com
Luminar Technologies (NASDAQ:LAZR)
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