AEye to Showcase Industry’s First Intelligent Transportation System Solutions Based on Adaptive Lidar at ITS World Congress 2022

DUBLIN, Calif.–(BUSINESS WIRE)–AEye, Inc. (NASDAQ:LIDR), a global leader in adaptive, high-performance lidar solutions, will demonstrate how the versatility of its lidar can be used to deliver optimized solutions in the Intelligent Transportation Systems (ITS) market at ITS World Congress 2022, to be held in Los Angeles from September 18-22, 2022.

AEye’s lidar solves the major technological limitations traffic agencies face today by improving traffic flow and increasing road safety. It does this by providing the most relevant data to optimize detection reliability, enabling authorities to react faster, reduce operating costs, predict conditions and be more preventative with security measures. . By eliminating the capture of irrelevant data, AEye provides traffic agencies with the speed and accuracy needed for a remote sensing solution, regardless of weather, lighting and environmental conditions.

AEye offers the industry’s only adaptive, solid-state, software-definable lidar – 4Sight™ – that enables multiple applications and long- and short-range detection using a single sensor. The 4Sight platform enables more accurate, fast and reliable vision compared to camera or radar-only systems, and extends detection to over 350 meters to better locate, identify and track moving objects.

The 4Sight perception solution for ITS has the ability to adapt to any situation and requirement in any ITS application, including automated tolling, smart intersections, traffic monitoring, incident detection on the highway, etc. Users can customize detection capabilities and performance modes depending on the use case.

At the ITS World Congress, AEye will offer multiple ways for customers and media to learn more about its groundbreaking technology at Booth #1403:

  • Application Demos: Discover AEye’s long and short range detection capabilities for automated tolling, incident detection, pedestrian safety and smart intersections, powered by 4Sight.
  • Executive talks: Meet leaders and discuss the unparalleled flexibility of adaptive lidar to support any ITS application and improve 3D perception.
  • News from integrator partners: Be the first to learn about new partnerships with leading ITS integrators focused on the future of transportation.

“We are excited to share a wealth of information with attendees at this year’s ITS World Congress, particularly on how adaptive lidar provides a level of safety, accuracy and cost savings never before achieved. Traffic and ITS managers who meet with us will be better prepared to plan ITS initiatives, as well as respond to grant opportunities like the SMART program, which leverages advanced smart community technologies and systems to improve transportation and efficiency,” said Brent Blanchard, AEye’s CEO of Industrial Markets.

AEye is the first and only lidar company to validate its sensor performance and reliability through a leading third-party testing service and recently passed the milestone of over 100 patents filed worldwide, spanning four continents and more than 10 countries. Additionally, in 2021, AEye became a publicly traded company listed on the Nasdaq Stock Exchange, doubled in size, and opened offices in Korea and Japan. In April 2022, AEye opened an office in Munich to support European customers in the automotive, mobility, trucking, logistics and smart infrastructure sectors.

About AEye

AEye’s unique software-defined lidar solution enables advanced driver assistance, vehicle autonomy, intelligent infrastructure, logistics and off-road applications that save lives and power 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 more reliable information. AEye’s 4Sight™ products, built on this platform, are ideal for dynamic applications that require precise measurement imaging to ensure safety and performance. AEye has a global presence through its offices in Germany, Japan, Korea and the United States.

Notice to journalists: If you are attending or covering the ITS World Congress and would like to schedule an interview with AEye, please contact AEye@landispr.com.

Forward-looking statements

Certain statements included in this press release that are not historical facts are forward-looking statements within the meaning of federal securities laws, including the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. are sometimes accompanied by words such as “believe”, “continue”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity ‘, ‘predict’, ‘plan’, ‘may’, ‘should’, ‘will’, ‘would’, ‘potential’, ‘seems’, ‘seeks’, ‘prospects’ 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, therefore, are subject to risks and uncertainties. Forward-looking statements included in this press release include statements about AEye’s products, the use cases for such products and the suitability of such products, as well as the use of lidar generally, among others. These statements are based on various assumptions, identified or not in this press release. These forward-looking statements are provided for informational purposes only and are not intended to serve and should not be relied upon by any investor as a guarantee, assurance, prediction or definitive statement of fact or probability. Actual events and circumstances are very difficult or impossible to predict and will differ from the assumptions. Many real events and circumstances are beyond AEye’s control. Many factors could cause actual future events to differ from the forward-looking statements contained in this press release, including, but not limited to: (i) the risks that the Company may not be able to attend all or part of the 2022 ITS World Congress for any reason, including as yet unannounced changes to protocols related to the COVID-19 pandemic, or the potential cancellation of the 2022 ITS World Congress, in whole or in part; (ii) the risks that the Company’s lidar will not address key technological limitations facing traffic agencies today to the expected level, if at all; (iii) risks that the Company’s lidar may not maximize detection reliability or enable authorities to respond more quickly, reduce operating costs, predict conditions and be more preventative with measures security at expected levels, if at all; (iv) the risks that the Company’s lidar may not provide traffic agencies with the necessary speed and accuracy under all weather, lighting and environmental conditions at the expected levels, if at all; (v) the risks that the Company is not currently, or will not remain in the future, the only company to offer an adaptive, solid-state, software-definable lidar that enables multiple applications and both long and short-range detection using a single sensor; (vi) the risks that the Company’s lidar may not provide more accurate, rapid and reliable vision compared to camera- or radar-only systems, or that such camera- or radar-only systems may become substantially equivalent in factors relevant performance; (vii) risks that the Company’s lidar may not be able to adapt to any situation and requirement in any ITS application; (viii) the risks that AEye will be able to successfully launch products in the market; (ix) the risks that lidar adoption may occur more slowly than expected or may not occur at all; (x) the risks that laws and regulations will be adopted affecting the use of lidar that AEye may not be able to comply, in whole or in part, with changes in the competitive and regulated industries in which AEye operates, variations operating performance between competitors and changes in laws and regulations affecting its business; (xi) the risks that AEye may not be able to adequately implement its business plans, forecasts and other expectations, and to identify and realize additional opportunities; and (xii) downside risks and changes in the regulatory landscape in the highly competitive and evolving industry in which AEye operates. These risks and uncertainties could be magnified by the COVID-19 pandemic, including the Delta and Omicron variants, as well as future variants and sub-variants, which have caused 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 Quarterly Report on Form 10-Q that AEye recently filed with the United States Securities and Exchange Commission, or the SEC, and other documents filed by us or to be filed by us 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 place undue reliance on forward-looking statements; AEye undertakes 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 does not warrant that AEye will meet any of its expectations.