AEye Inc (LIDR)

[WeTheMarket]

AEye Honored as CES 2022 Innovation Award Winner in Vehicle Intelligence & Transportation Category
November 11 2021 - 08:00AM, Business Wire
Company’s 4Sight M Adaptive LiDAR Recognized For its Groundbreaking Adaptive Capabilities and Industry-leading Performance

AEye (NASDAQ: LIDR) today announced that its high-performance, adaptive LiDAR sensor, the 4Sight™ M, has been named a CES® 2022 Innovation Award winner. The prestigious CES Innovation Awards honor outstanding design and engineering in consumer technology products, and are given in advance of CES 2022. An elite panel of industry expert judges, including members of the media, designers, engineers, and more, reviewed more than 1,800 submissions for this year’s awards. Their decisions were based upon innovation, engineering and functionality, aesthetics, and design.

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The 4Sight M was recognized for its unique use of adaptive sensing to garner industry-leading performance in the Vehicle Intelligence & Transportation product category. Previous award winners in this category have included IBM, Waymo, and Continental. The sensor will be on display at AEye booth #6719 in the West Hall of the Las Vegas Convention Center, as well as in the Innovation Awards Showcase at CES 2022, January 5-8, in Las Vegas, Nevada. For more information or to request a demonstration of AEye’s adaptive LiDAR products for the automotive, mobility, and industrial markets at CES, visit AEye’s event page.

“We have raised the bar on what’s possible with LiDAR, and are delighted to be honored as a CES Innovation Awards winner,” said Blair LaCorte, CEO of AEye. “By moving the complexity from the hardware to the software, our 4Sight sensor is able to dynamically focus on what matters most in a scene, delivering the highest performance at the lowest cost, for smarter, faster, more efficient autonomy. Adaptive LiDAR changes the game, and will drive the adoption of LiDAR across all markets.”

Built on AEye’s award-winning iDAR™ platform, 4Sight M is a solid-state LiDAR that adapts through software, enabling it to tailor its output to application-specific requirements. Its industry-leading performance (extended range from 1cm to 1,000 meters), integrated intelligence, advanced vision capabilities (10-20x more accurate than camera-only systems), and unmatched reliability enable it to easily meet the diverse performance and functional requirements of autonomous and partially automated applications in markets including mobility, trucking, transit, construction, rail, intelligent traffic systems, and aerospace and defense. It’s also the first and only LiDAR solution whose performance has been independently verified by a reputable third-party testing organization, with active safety and automated vehicle technologies researcher VSI Labs confirming 4Sight M’s breakthrough range, resolution, and speed capabilities.

Owned and produced by the Consumer Technology Association (CTA)®, CES 2022, the global stage for innovation, will convene the tech industry in person and digitally, giving global audiences access to major brands and startups, as well as the world’s most-influential leaders and industry advocates. Visit CES.tech for all CES 2022 updates and, to see a full list of CES 2022 Innovation Awards honorees, including product descriptions and photos, visit CES.tech/innovation.

About AEye
AEye is the premier provider of intelligent, next generation, adaptive LiDAR for vehicle autonomy, advanced driver-assistance systems (ADAS), and robotic vision applications. AEye’s iDAR™ (Intelligent Detection and Ranging) system leverages biomimicry and principles from automated targeting applications used by the military to scan the environment, intelligently focusing on what matters most, enabling faster, more accurate, and more reliable perception. iDAR is the only software configurable LiDAR with integrated deterministic artificial intelligence, delivering industry-leading performance in range, resolution, and speed. The company was founded in 2013 and is based in the San Francisco Bay Area.

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Media Contact:
AEye, Inc.
Jennifer Deitsch
[e-mail]
925-400-4366

Investors:
Financial Profiles, Inc.
Matthew Keating, CFA
[e-mail]
310-622-8230

John Brownell
[e-mail]
310-622-8489