AEye Inc (LIDR)

[XenaLives]

Press Release July 14, 2021

Continental Integrates AEye’s Long-range LiDAR Technology into Full Stack Automated and Autonomous Solution
Integration of AEye’s long-range, high performance LiDAR technology creates a unique offering that extends Continental’s integrated Automated Driving (AD) platform for passenger and commercial vehicles
Full stack solution combines LiDAR, camera and radar technology
Full system and standalone AEye-based long range LiDAR on track for start of production in 2024
Multiple redundant sensor setup, based on different technologies, offers overall best autonomous driving system performance
Advanced Driver Assistance Systems (ADAS) and Automated Driving (AD) markets expected to double in size by 2024
Frankfurt, Germany, July 14, 2021 – On the path towards autonomous driving, system integration capabilities are critical to the development. Only ten months after joining forces in partnership with LiDAR expert AEye, Continental is integrating the long-range LiDAR technology into its full sensor stack solution to create the first full stack automotive-grade system for Level 2+ up to Level 4 automated and autonomous driving applications. The solution based on AEye’s LiDAR technology is a substantial part of the sensor setup for high level automation systems. It complements the radar, camera and ultrasonic technologies in Continental’s sensor system, and enables a reliable and redundant Automated Driving platform that can handle complex, diverse traffic scenarios and adverse weather conditions./quote]

https://www.continental.com/en/press/press-releases/20210714-lidar-aeye/