July 23, 2024

Apollo demonstrates the power of 1550 lidar technology

DUBLIN, Calif.–(BUSINESS WIRE)–AEye, Inc. (NASDAQ: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced Apollo, the first product in AEye’s 4Sight

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AEye CEO Matt Fisch, said, “We are pleased to announce the first product from the 4Sight Flex family a mere four months after unveiling the initial reference design. With Apollo, we are able to demonstrate the true advantage of our ultra-long-range lidar delivered in an incredibly compact form factor. This achievement underscores the scalability of our software-defined architecture.”

Apollo supports up to 120° horizontal and 30° vertical field of view, with long-range detection of up to 325 meters at 10% reflectivity and up to 6.2 million points per second (PPS). Apollo also provides horizontal and vertical resolutions within a region of interest as high as 0.025°.

Apollo leverages proven components and supply chain partners, resulting in minimized technical risk, maximized supply chain readiness, and a very competitive price for performance. As part of the 4Sight Flex family, Apollo runs on AEye’s 4Sight Intelligent Sensing Platform. This platform delivers a highly programmable lidar solution that can be customized easily for each application and can be reconfigured through software, including over-the-air updates.

Apollo samples are expected to be available for customer demonstrations 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 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 benefits, features, and advantages of AEye’s new 4Sight Flex product, Apollo, as well as the potential cost advantages, 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 Apollo may not now, or in the future, deliver best-in-class range or resolution as a result of new or existing competitive products, or otherwise; (ii) the risks that Apollo may not productize into a small, power-efficient, or low-cost form factor to the extent anticipated; (iii) the risks that Apollo may not enable both automotive and non-automotive applications to the extent anticipated, or at all; (iv) the risks that Apollo may not enable L2+, L3, or L4 applications to the extent anticipated, or at all; (v) the risks that Apollo may not integrate behind the windshield, on the roof, or in the grille to the extent anticipated, or at all; (vi) the risks that Apollo may not enable OEMs to implement critical safety features with minimal impact to vehicle design to the extent anticipated, or at all; (vii) the risks that Apollo may not now, or in the future, be the only 1550 nm high-performance lidar capable of behind the windshield integration; (viii) the risks that the Apollo product may not demonstrate ultra-long-range lidar performance to the extent anticipated; (ix) the risks that the Apollo product form factor may not be viewed in the marketplace as incredibly compact as compared to products offered by competitors, or otherwise; (x) the risks that the software-defined architecture in the Apollo product may not demonstrate scalability to the extent anticipated, or at all; (xi) the risks that Apollo’s capabilities in terms of horizontal and vertical field of view, long-range detection, points per second, and horizontal and vertical resolutions may not be achieved to the extent anticipated, or at all; (xii) the risks that Apollo may be unable to leverage proven components and supply chain partners to the extent anticipated, or at all; (xiii) the risks that the use of proven components and supply chain partners for Apollo, if available, may not result in minimized technical risk, maximized supply chain readiness, and a competitive price to the extent anticipated, or at all; (xiv) the risks that AEye’s 4Sight

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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Contacts

Leigh Bannister

AEye, Inc.

lbannister@aeye.ai
925-400-4366

Evan Niu, CFA

Financial Profiles, Inc.

eniu@finprofiles.com
310-622-8243

The post AEye Introduces Apollo – the First Product in the 4Sight Flex Family appeared first on Daily Host News.

AEye Introduces Apollo – the First Product in the 4Sight Flex Family first appeared on Web and IT News.

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