AEye, Inc. (NASDAQ: LIDR), a global leader in adaptive,
high-performance lidar solutions, today announced 4Sight+, the
newest addition to its 4Sight™ Intelligent Sensing product line
that delivers industry-leading path-planning, obstacle avoidance,
and prediction capabilities. AEye leveraged its software-defined
architecture to improve the sensor’s range by 20% and increase
spatial resolution by 400%, extending its high speed small obstacle
detection capabilities, while enabling the same hardware to address
hazardous vehicle cut-ins - providing an all-in-one solution for
automotive OEMs.
“These new capabilities were achieved entirely through firmware
and software changes, using new algorithms and calibration
techniques; this is just the tip of the iceberg of what we can do
with software,” said Matt Fisch, Chief Executive Officer at AEye.
“AEye is laser-focused on continuous product improvement, and we
will leverage our software-defined architecture to deliver on that,
and to adapt quickly to a changing market. Automakers are on a
fast-track to deliver intuitive, reliable ADAS services that
improve safety. Our architecture allows us to match their timeline,
and brings OEMs and our partners, like Continental, one step closer
to achieving their mission of Vision Zero – zero fatalities,
injuries, and accidents.”
The data fidelity and range upgrades in 4Sight+ bring an
increased level of dependability, performance, and adaptability
from AEye to help OEMs eliminate phantom braking, improve existing
ADAS features, and safely enable hands-free driving at highway
speeds.
THE “SOFTWARE-DEFINED” ADVANTAGE
4Sight+ takes advantage of the platform’s modular, bistatic
system that can reconfigure lidar performance on-the-fly and add
new capabilities over-the-air. Powered by a tiny MEMS device that
allows for ultra-fast, yet robust movements, the 4Sight Intelligent
Sensing Platform is inherently designed to be highly programmable
to meet performance requirements for both urban and highway driving
using a single platform.
4Sight+ improves prediction capabilities by tracking vulnerable
road users – including pedestrians, cyclists, and other vehicles –
at up to 300 meters. It improves vehicle ride quality and reaction
time by detecting small objects, like bricks and tires, at up to
200 meters, and it helps with vehicle path planning by identifying
road surfaces, such as cement and asphalt, at up to 100 meters,
including in direct sunlight and low light environments. These
advantages allow AEye to enable predictive safety systems for a
smoother, more comfortable hands-free driving experience at 80+
mph, without requiring driver intervention.
The advantages of a software-defined sensor allow the same
hardware to address close-up vehicle cut-ins, long-range views, and
everything in between. OEMs are able to leverage AEye’s scanning
agility to completely reconfigure the lidar’s performance
instantaneously, using cues from other sensors in the vehicle, such
as speed or GPS location to activate uniquely defined modes of
operation for parking, urban, and highway environments.
By optimizing lidar performance based on driving conditions, the
sensor continues to achieve high-performance, while operating at
the lowest power required. This also allows for flexibility in form
factors – an important consideration for seamless vehicle
integration as OEMs pursue electrification.
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. AEye has a
global presence through its offices in Germany, Korea, and the
United States.
Forward-Looking
Statement
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 capabilities, adaptability, and configurability of AEye’s lidar
products, the potential to increase the safety of vehicle
operation, as well as the use of lidar generally, 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 4Sight+ may not deliver
industry-leading path-planning, obstacle avoidance, or prediction
capabilities as anticipated, or at all; (ii) the risks that 4Sight+
may not demonstrate high-speed small obstacle detection
capabilities as anticipated, or at all; (iii) the risks that
4Sight+ may not address hazardous vehicle cut-ins as anticipated,
or at all; (iv) the risks that 4Sight+ may not provide an
all-in-one solution for automotive OEMs as anticipated, or at all;
(v) the risks that AEye may be unable to quickly adapt to a
changing market as anticipated, or at all; (vi) the risks that
automakers may not deliver intuitive, reliable ADAS services that
improve safety as quickly as anticipated, or at all; (vii) the
risks that AEye’s architecture and related development may not
match automakers’ timelines as anticipated, or at all; (viii) the
risks that AEye’s products, or the architecture upon which the
products are based, may not bring OEMs and partners closer to
achieving their mission of Vision Zero, as anticipated, or at all;
(ix) the risks that the data fidelity and range upgrades in 4Sight+
may not bring the consistent level of dependability, performance,
and adaptability as anticipated, or at all; (x) the risks that
4Sight+ may not permit OEMs to eliminate or reduce phantom braking,
improve existing ADAS features, or safely enable hands-free driving
at highway speeds as anticipated, or at all; (xi) the risks that
the programmability of the 4Sight Intelligent Sensing Platform may
not achieve the performance requirements for both urban and highway
driving using a single platform as anticipated, or at all; (xii)
the risks that 4Sight+ may not improve prediction capabilities as
anticipated, or at all; (xiii) the risks that 4Sight+ may not
improve vehicle ride quality and reaction time as anticipated, or
at all; (xiv) the risks that 4Sight+ may not help with vehicle path
planning as anticipated, or at all; (xv) the risks that 4Sight+ may
not enable predictive safety systems for an improved hands-free
driving experience at highway speeds and without driver
intervention as anticipated, or at all; (xvi) the risks that OEMs
may not be able to leverage AEye’s scanning agility to completely
reconfigure the lidar’s performance instantaneously as anticipated,
or at all; (xvii) the risks that cues from other vehicle sensors
may not enable AEye’s sensor to activate modes of operation for
various scenarios as anticipated, or at all; (xviii) the risks that
sensor optimization based on driving conditions may not result in
high-performance while operating at the lowest power required as
anticipated, or at all; (xix) the risks that AEye’s products will
not meet the diverse range of performance and functional
requirements of AEye’s target markets and customers; (xx) the risks
that the size of the total available market for the use of lidar
will be smaller than anticipated or take longer to come to fruition
than predicted; (xxi) the risks that AEye may not continue to
execute against its business plan to the extent anticipated, or at
all; (xxii) the risks that lidar adoption occurs slower than
anticipated or fails to occur at all; (xxiii) 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; (xxiv) 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; (xxv) the risks that AEye is unable to adequately
implement business plans, forecasts, and other expectations, and
identify and realize additional opportunities; and (xxvi) the risks
of 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 the lingering effects
of the COVID-19 pandemic, which continues to cause significant
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 AEye or that will be filed by AEye 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230628958121/en/
Company Contacts: Jennifer Deitsch AEye, Inc.
jennifer@aeye.ai 925-400-4366
Margaret Boyce Financial Profiles, Inc. aeye@finprofiles.com
310-622-8247
John Brownell Financial Profiles, Inc. aeye@finprofiles.com
310-622-8249
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