AEye Inc (LIDR)

[WeTheMarket]

AEye to Debut Industry’s First Intelligent Transportation System Solutions Based on Adaptive Lidar at ITS World Congress 2022
September 08 2022
https://ih.advfn.com/stock-market/NASDAQ/aeye-LIDR/stock-news/89017999/aeye-to-debut-industry-s-first-intelligent-transp

Company to Showcase Solutions for Smart Intersections, Highway Monitoring, Automated Tolling, and Pedestrian Safety at Booth #1403

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

AEye’s lidar solves the major technological limitations traffic agencies face today with improving traffic flow and increasing road safety. It does this by providing the most relevant data to maximize detection reliability, enabling authorities to respond faster, reduce cost of operations, predict conditions, and be more preventive with safety measures. By eliminating irrelevant data capture, AEye provides traffic agencies the speed and accuracy needed from a remote sensing solution, and does so in all weather, lighting, and environmental conditions.

AEye offers the industry’s only adaptive, solid-state, and software-definable lidar - 4Sight™ - which allows for multiple applications and both long-and-short-range detection using only one sensor. The 4Sight platform allows for more accurate, timely, and reliable vision as 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 within any ITS application, including automated tolling, smart intersections, traffic monitoring, highway incident detection, and more. Users can customize detection capabilities and performance modes according to the use case.

During ITS World Congress, AEye will offer multiple ways for customers and media to learn more about its groundbreaking technology at Stand #1403:
- Application Demos: Witness AEye’s long-range and short-range detection capabilities for automated tolling, incident detection, pedestrian safety, and smart intersections, powered by 4Sight.
- Executive Discussions: Meet executives and discuss the unrivaled flexibility of adaptive lidar to support any ITS application and improved 3D perception.
- Integrator Partner News: Be the first to learn of new partnerships with leading ITS integrators focused on the future of transportation.

“We’re excited to share a wealth of information with attendees at this year’s ITS World Congress, especially how adaptive lidar delivers a level of safety, accuracy, and cost-savings not achieved before. Traffic and ITS managers who meet with us will be better prepared to plan ITS initiatives, as well as to 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 GM of Industrial Markets.

AEye is the first and only lidar company to validate its sensor’s performance and reliability through a leading third-party testing service and recently passed the milestone of more than 100 patents filed globally, spanning four continents and more than 10 countries. In addition, 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, smart infrastructure, logistics and off-highway 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, Japan, Korea and the United States.